3623 Crossings Drive

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3623 Crossings Drive

Prescott, AZ 86305
Asking Price
$2.81M
Cap Rate
6%
Asset Type
Traditional Office Office
Class
Class B

What's Special

6% Cap with a potential market lease-up to 18% Cap with minimal incremental expenses <p>This offering represents the opportunity to acquire an income-producing executive office building currently operating below full capacity at an approximate 6% cap rate. Lease-up to market occupancy is projected to increase annual NOI by roughly $360,000 with minimal incremental expenses, positioning the asset for a higher, more attractive stabilized return.</p><p>Only non-government Fiber lit building in Prescott.</p><p>Additional generator on property to prevent any electrical outages.</p><p

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NOI
$80,000
Cap Rate
2.85%
DSCR
0.48
Underwater
Cash-on-Cash
-10.30%
Monthly Payment
$13,902.347
Annual Cash Flow
$-86,828.162

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