300 W WHITE MOUNTAIN Boulevard, Lakeside, AZ 85929 (MLS# 6752921)

$4,215,000

300 W WHITE MOUNTAIN Boulevard
Lakeside, AZ 85929
MLS# 6752921
Status: Closed

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Property Description
6.9% CAP NOI apx $295,000, stable income investment property in Pinetop- Lakeside, AZ with diverse tenants that serve the local community featuring fully leased medical, office and retail uses. Well maintained pride of ownership asset fronting Highway 260 with 3 buildings 218-300-316 West White Mnt Blvd, APN= 212-30-014C. and 212-30-031C. Buyer shall independently investigate all utilities, service, lot boundaries and all other data to verify all information for Buyer's intended use.

Details

Maps

Documents

Contract Info

Ownership: Fee Simple

Current Price: $4,215,000

Sold Price: $4,215,000

Status: Closed

List Date: 2024-09-05

Location, Tax & Legal

Assessor's Map #: 30

Legal Description (Abbrev): SECTION 25,T9N,R22E: COMM E4 COR SEC 25; TH S41*42'09 W 1158.84'; TH S41*54'07 W 145.74'; TH S39*21'

Assessor's Parcel #: 31

Assessor Parcel Ltr: C

Add'l Parcels: Yes

Tax Municipality: Pinetop-Lakeside

Census Tract: 965300

Taxes: 13294

Legal: SECTION 25,T9N,R22E: COMM E4 COR SEC 25; TH S41*42'09 W 1158.84'; TH S41*54'07 W 145.74'; TH S39*21'

Marketing Name: Eagle Plaza

House Number: 300

Compass: W

Street Name: WHITE MOUNTAIN

St Suffix: Boulevard

City/Town Code: Lakeside

State/Province: AZ

Zip Code: 85929

Zip4: 7015

County Code: Navajo

Assessor Number: 212-30-031-C

Tax Year: 2023

General Property Description

Type of Property: Office/ Medical

Ttl Apx SqFt Bldg: 22249

# of Buildings: 3

Uncvrd Parking Spcs: 105

Flood Zone: No

Year Built: 2006

Zoning: C-1

Legal Info

Range: 22E

Section: 25

Township: 09N

Lot Number: 014C

Construction

Wood Frame: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Ceramic Tile: 1

Carpet: 1

Income & Expenses

Annual Elec Exp: 960

Annual Ins Exp: 16800

Annual Landscape Exp: 2100

Annual Maint Exp: 2400

Owner Association: No

Annual Ownr Asoc Fee: 0

Annual PAD Fee: 0

Other Income: 419014.32

Vacancy Allowance: 0.02

Adjusted Gross Inc: 410634.03

Building Type

Commercial: 1

Office: 1

Business Type

Dental: 1

Mixed: 1

Medical: 1

Professional/Office: 1

Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 6.9

Equity: 4285000

Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Text: 1

Email: 1

Phone Call: 1

Lockbox Type

None: 1

Ceiling Height

8.1 Feet to 10 Feet: 1

10.1 Feet to 12 Feet: 1

12.1 Feet to 14 Feet: 1

Heating

Electric: 1

Natural Gas: 1

See Remarks: 1

Cooling

Central Air: 1

Office A/C: 1

See Remarks: 1

Interior Features

Finished: 1

Smoke Detector(s): 1

Security System: 1

Security Light(s): 1

Phone System: 1

Private Restrooms: 1

Public Restrooms: 1

Other (See Remarks): 1

Loading Facilities

None: 1

Road Surface Type

Asphalt: 1

Gravel: 1

Exterior

Landscaping: 1

Curb(s) & Gutter(s): 1

Building Sign: 1

Sidewalk(s): 1

Monument Sign: 1

Security Light(s): 1

Source of Fincl Data

Owner: 1

Traffic Count

25,001 to 35,000: 1

Fencing

None: 1

Water Source

City Franchise: 1

Freeway/Highway

Frontage: 1

Building Features

Conference Room: 1

Reception Room: 1

Kitchen: 1

Skylight(s): 1

Other (See Remarks): 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1

Parking Lot: 1

Private: 1

Electric

City Electric: 1

Gas

Unisource: 1

New Financing

Cash Only: 1

1031 Exchange: 1

Existing 1st Loan

Private: 1

Use Restrictions

Currently Leased: 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Sold Info

Loan Type: Other

Payment Type: Other

Clsing Cost Split: Normal - N

Buyer Concession to Seller: 0

Buyer Concession $/%: %

Seller Concession to Buyer: 0

Seller Concession $/%: %

Remarks Misc

Cross Street: White Mountain Blvd (Highway 260) and Yaeger LN

Directions: Highway frontage off the 260 in Pinetop - Lakeside

Geo Lat: 34.145349

Geo Lon: -109.957658

Status Change Info

Off Market Date: 2024-11-22

Under Contract Date: 2024-11-22

Close of Escrow Date: 2025-01-28

Sold Price: $4,215,000

Income Expenses

Gross Annual Sch Inc: 419014.32

Net Operating Income: 295500

Property Features

Building Type: Commercial; Office

Business Type: Dental; Mixed; Medical; Professional/Office; Other

Stories: 1 Story

Construction: Wood Frame

Roofing: Composition

Floors: Vinyl; Ceramic Tile; Carpet

Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet

Heating: Natural Gas; See Remarks

Cooling: Central Air; Office A/C; See Remarks

Loading Facilities: None

Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s); Phone System; Private Restrooms; Public Restrooms; Other (See Remarks)

Exterior: Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign; Security Light(s)

Fencing: None

Building Features: Conference Room; Reception Room; Kitchen; Skylight(s); Other (See Remarks)

Parking Features: Free; Parking Lot; Private

Electric: City Electric

Gas: Unisource

Water Source: City Franchise

Sewer: Sewer - Public

New Financing: Cash Only; 1031 Exchange

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: None

Source of Fincl Data: Owner