Active
5700 E Old Walnut Canyon Road
Flagstaff AZ, 86004
$4,000,000
$416.67 per sqft
Active
9,600 sqft
Other
Built in 1977
Courtesy of Mark T Belsanti with da Vinci Realty
Introducing a prime commercial property offering: a strategically positioned 9,600 square foot warehouse on a sprawling 1.77-acre lot. This property presents a unique investment opportunity with a diversified income stream from two reputable tenants and an array of valuable assets. The building is currently home to Wyndham Vacation Resorts, occupying half of the space with a secure 30-year triple net lease, providing a stable and consistent revenue stream. Additionally, Katlon Inc. occupies the remaining half with a three year modified gross lease, offering flexibility and potential for increased returns in the future. What makes this investment truly exceptional is the inclusion of 143 RV & Boat Storage outdoor spaces on 1.66 acres, fully leased with a waitlist in place ensuring maximum utilization of the property. The collective cap rate for both the warehouse and the storage spaces is an attractive 6.08 percent cap rate, offering investors a solid and reliable return on investment. But the benefits don't stop there. The sale of this property includes valuable assets such as a 1998 Chevy Truck with a snow plow (worth 15,000 Dollars), a 2021 John Deere Tractor (worth 61,000 Dollars), and a 1994 Arctic Cat (worth 750 Dollars ). These assets not only enhance the property's operational efficiency but also contribute to its overall value.
3.78 acres of adjacent land for sale under separate listing for Four Hundred Seventy Five Thousand Dollars.
Owner holds an active Real Estate license in the State of Arizona.
195701
MLSⓇ ID
October 3, 2024
Listed
December 20, 2024
Updated
Map
5700 E Old Walnut Canyon Road
Flagstaff AZ, 86004
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
1.77 Acres
Other Property Details
Area Name
335 - Continental Cntry Clb
Taxes
$5,471
Tax Frequency
Annually
Days on Market
333
Garage
No
View
No
County
Coconino
Pool
No
Listing Contact:
Based on information from the Northern Arizona Association of REALTORS® as of 12/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 6:19 PM UTC, 12/20/2024