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5980 E Coury Drive, Cottonwood, AZ 86326

$5,777,862
Property Type: Comm/Industry Sale Square Footage: 28,468 Lot Size (sq. ft.): 228,690 Status: Active
Current Price: $5,777,862 List Date: 4/17/2024 Last Modified: 4/17/2024

Description

Ford Dealership leased to Jones Ford selling at a high cap rate. The Dealership was built by Steve Coury and leased to Jones Ford on June 30, 2015. The lease rate is $25,000 a month and has not changed since the inception of the lease. In addition to the lease reserve there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales collected by the town of Camp Verde. The dealership has 28,490 sq ft of building and is located on 242,490 sq ft of land. The property was Ford approved and was designed to meet Ford Dealership standards in 2006. The building includes a spacious showroom, offices, service center, parts department, waiting rooms restrooms. The lease with Jones renews in June of 2029. All facts and figures to be verified by buyers.

More Information MLS# 6692613

Contract Info

Current Price: $5,777,862 List Price: $5,777,862 Status: Active List Date: 2024-04-16 Ownership: Fee Simple Subagents: N Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 5980 Compass: E Street Name: Coury St Suffix: Drive City/Town Code: Cottonwood State/Province: AZ Zip Code: 86326 Country: USA County Code: Yavapai Subdivision: none Assessor's Map #: 9 Assessor's Parcel #: 43 Assessor Parcel Ltr: E Add'l Parcels: No Assessor Number: 407-09-043-E Legal: An Irregular Balance of the Portion of the NE4SE4 adjacent to Southwesterly right of way State Route 260 Tax Municipality: Apache - COUNTY Taxes: 34551 Tax Year: 2023

General Property Description

Ttl Apx SqFt Bldg: 28468 # of Buildings: 1 Year Built: 2007 Zoning: C3-2A

Remarks & Misc

Directions: From the Junction of Interstate 17 and AZ State Route 260, travel west on 260 for 7.3 miles. Jones Ford Auto Dealership is on the left. Geo Lat: 34.651678 Geo Lon: -111.958915

Status Change Info

Status Change Date: 2024-04-16

Legal Info

Township: 31 Range: 15 Section: 4E

Income & Expenses

Owner Association: No Operating Exp: 34551 Gross Annual Sch Inc: 25000 Adjusted Gross Inc: 25000 Net Operating Income: 478658

Pmt & Rate Info

Cap Rate: 8.28 Equity: 5777862

Showing Notification Methods

Showing Service: No Showing Service Used

Property Features

Building Type: Commercial Current Use: Automobile; Retail Stories: 1 Story Construction: Block; Metal Roofing: Rolled Floors: Vinyl; Ceramic Tile; Carpet Ceiling Height: 12.1 Feet to 14 Feet; 16.1 Feet to 28 Feet Heating: Heat Pump Cooling: Central A/C Loading Facilities: Drive-in Door(s) Interior: Finished; Smoke Detector(s); Phone System; Private Restrooms; Public Restrooms Exterior: Corner Lot; Building Sign; Monument Sign; Security Light(s) Fencing: Other Amenities: Conference Room; Reception Room; Showroom; Kitchen; Computer Room; Display Window(s) Parking: Free; Public Parking; Paved Parking Electric: APS; 220; 440 Gas: None Water: City Franchise Sewer: Septic Tank New Financing: Cash Only; Cash to Loan; 1031 Exchange Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Provided by Owner Roads/Streets: Asphalt Traffic Count: Not Available Reports/Disclosures: None; Other (See Remarks) Environmental: None
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: April - 17 - 2024
5980 E Coury Drive, Cottonwood, AZ 86326- MLS# 6692613
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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