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420 Miller Valley Road, Prescott, AZ 86301

$3,200,000

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Sold Price: $3,200,000
List Price: $3,120,000
Closing Date: Jan 29, 2026
Year Built: 1971
Acres: 1.60
MLS#: 1078229
Neighborhood: N/A
Lot Size: 69,696

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Property Description

Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The +/-13,200 SF building sits on +/-1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.

(928) 308-0101

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Additional Information

Total Garage: 74
Construction: Steel Frame
Cooling: Central Air, Evaporative Cooling, Ductless Mini-Split
Exterior Features: Fence, Handicap Access, Storage
Financing: Cash
Flooring: Concrete
Heating: Natural Gas
Interior Features: Mezzanine, Security/Alarm
Closing Date: Jan 29, 2026
Possession: At Recordation
REO/Short Sale: Not Applicable
Roof: Metal
Stories: 2
Taxes: $2,437
Tax Year: 2025
Zoning: IL / MF-H