711 Whipple Street Prescott, AZ 86301
Office
MLS #: 1085356
Courtesy Of Arizona Property Brokerage
Property InformationDescription
711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.
Features
- Age: 31-40 Years Old
- Amenities: Disabled Access
- Building Units: 5
- Cooling System: Central Air
- Floor Covering: Laminate
- Floor Covering: Carpet
- Floors: 2
- Heating System: Natural Gas
- Legal Description: DAMERON PARK ADDN IRREG PCL LYING ALONG SLY R/W WHIPPLE ST BETWN ELY R/W DIVISION ST & WLY R/W BIRD ST 2198/369
- MLSID: 1085356
- Parking Spaces: 26
- Roof Type: Asphalt
MAP & DIRECTIONS
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