$ 2,295,000
-
$2,295,000
Price -
0.92
Acre
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About the Listing gerc01 - lg056
diversified mixed-use investment combining a national ambulance company under an NNN lease, six one-bedroom apartments and excess land across three parcels totaling approximately 40,076 square feet, or 0.92 acre. The executed Priority Ambulance Yavapai, LLC lease commences November 6, 2023 and provides a five-year initial term plus the initial partial month, with two additional two-year extension options. Lease-year-3 base rent is $7,530.98 per month ($90,371.76 annualized), with 3% increases each December 1. Year-4 base rent is $7,756.90 per month. Tax and insurance reimbursements are subject to the lease and actual-cost reconciliation; current amounts require verification. The October apartment rent roll reports three occupied and three vacant apartments (50% physical occupancy). O diversified mixed-use investment combining a national ambulance company under an NNN lease, six one-bedroom apartments and excess land across three parcels totaling approximately 40,076 square feet, or 0.92 acre. The executed Priority Ambulance Yavapai, LLC lease commences November 6, 2023 and provides a five-year initial term plus the initial partial month, with two additional two-year extension options. Lease-year-3 base rent is $7,530.98 per month ($90,371.76 annualized), with 3% increases each December 1. Year-4 base rent is $7,756.90 per month. Tax and insurance reimbursements are subject to the lease and actual-cost reconciliation; current amounts require verification. The October apartment rent roll reports three occupied and three vacant apartments (50% physical occupancy). Occupied monthly base rent totals $2,685, plus $150 in scheduled utility charges. Vacant units 3, 5 and 6 are being offered at $850 per month with a $300 move-in gift card. The October 22 leasing update reported no new leases or confirmed move-ins. Vacant asking rent is potential income, not current occupied income. Combined scheduled annual base rent is $122,591.76: $90,371.76 commercial and $32,220 from occupied apartments. Occupied apartment utility charges add $1,800 annually if collected. These scheduled amounts are not collected income or NOI. The apartment ledger covers January 1-September 30, 2026. The earlier commercial payment summary requires reconciliation to the executed lease. Current whole-property NOI and cap rate remain pending verification of full expenses, commercial collections and reimbursement true-ups. Earlier modeled NOI and cap rates are superseded for current underwriting. Lease-up income depends on executed leases, timing, collections and verified costs. The property is offered at $2,295,000. Seller financing is available at 5% interest, amortized over 30 years, with a five-year term, subject to seller approval, borrower qualifications and final written loan documents. The property is reported to be within a Qualified Opportunity Zone; buyers must independently verify the census tract, zoning, development potential, tax treatment, leases, income, reimbursements, expenses and all information material to the purchase decision. Virtual Property Tour Explore 760-778 W Wickenburg Way through the interactive 360-degree virtual tour. Review the commercial interiors, six-apartment component, courtyards, property frontage, overall configuration and relationship between the existing buildings and excess land. Select VIEW THE VIRTUAL TOUR to begin. VIEW THE VIRTUAL TOUR
Listing Highlights for 778 W Wickenburg Way
Interior Details
- Appliances:
- Air Cond: Ceiling Fan(s),Heat Pump
- Heating: Heat Pump,Zoned
- Fireplaces:
- Floor: Carpet,Ceramic Tile,Vinyl,Wood,Concrete
- Basement:
- Other:
- Water: City Franchise,Master Meter
Exterior Details
- Garage Capacity: N/A
- Roof: Foam
- Others:
- Sewer: Sewer-In & Connected,Public Sewer
- Parking Features: Off Street,Parking Lot,Paved,Free
Financial Details
- Tax Amount: $2,888
- Taxes w/Assessments: N/A
- Tax/Property ID: 505-33-005
- Tax Year: 2025
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Monthly Payment
- in Principal and Interest
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Listing Location
Questions About..
778 W Wickenburg Way Wickenburg, AZ 85390
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