$4,800,000
$4,999,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
15,828 SqFt
SOLD DATE : 04/04/2022
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Light Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,828 sqft
Price per Sqft $303
MLS Listing ID 1019971
Sold Date 04/04/22
HOA Y/N No
Year Built 1991
Annual Tax Amount $12,437
Lot Size 1.159 Acres
Acres 1.16
Property Sub-Type Light Industrial
Source Central Arizona Association of REALTORS®
Property Description
1. Brand New Corporate Gauranteed lease with ALLO Communications. ALLO Communication will be occupying over 70% of the property. The company is making a 50 million dollar infrastructure investment in Lake Havasu City and plans to keep location long term to service the area.
2. Built in and established scarcity for reduced long term risk. Light Indutrial zoned property is near impossible to find in Lake Havasu City due to the major Storage Unit complex boom over the last 5 years. Almost all usable land was aquired and developed as storage units leaving little to no options for local businesses requiring industrial zoning.
3. Annual 3% base rent increase is significantly more than industry standard 8%-10% every 5 years.
4. Value is not ony based on a corporate gauranteed lease. Comparable sales averages are $287/sqft. See Statistical Market Analysis page for more details.
5. Signal Corner off HWY 95 and Acoma with estimated 17,500 traffic count.
Location
State AZ
County Mohave
Area Lhc-Central
Direction HWY 95 and Acoma
Exterior
Garage Spaces 8.0
Fence None
Total Parking Spaces 8
Building
Builder Name Unknown
Others
Tax ID 106-33-004
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