300 W WHITE MOUNTAIN Boulevard, Lakeside, AZ 85929
$4,215,000
Property Type:
Comm/Industry Sale
Square Footage:
22,249
Lot Size (sq. ft.):
37,645
Status:
Closed
Current Price:
$4,215,000
List Date:
9/05/2024
Last Modified:
1/29/2025
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.
More Information MLS# 6752921
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
Existing 1st Loan: Private
Road Surface Type: Asphalt; Gravel
Traffic Count: 25,001 to 35,000
Use Restrictions: Currently Leased
Environmental: Other (See Remarks)
Documents
Unbranded Flyer ›Listing Office: Realty ONE Group
Last Updated: January - 29 - 2025
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