Investment Overview
A.T. Pancrazi Real Estate Services is offering 3150 Winsor Avenue for $1,750,000 (±$121.53/SF). The ±14,400 SF two-story office building sits on ±0.73 acres, was built in 1984, and is zoned B-2. It combines an income-producing investment with a built-in owner-user opportunity, which is rare in the Yuma office market. The ground floor and Suite 202 are leased. Two second-floor suites are available: Suite 201 (±1,900 SF) and Suite 203 (±600 SF), for ±2,500 SF in total. A buyer can occupy one suite and lease the other, occupy both, or lease both for more income. Estimated gross income at $146,512 per year and NOI at $125,000 per year, a 7.14% cap rate.
Investment Highlights
- Sale price: $1,750,000 (±$121.53/SF)
- ±14,400 SF two-story office building on ±0.73 acres
- Built 1984, zoned B-2, APN 695-31-078
- Estimated gross income of $146,512/yr and NOI of $125,000/yr, a 7.14% cap rate (seller estimates)
- Income-producing investment with a built-in owner-user opportunity
- Ground floor and Suite 202 already leased
- ±2,500 SF available across Suite 201 (±1,900 SF) and Suite 203 (±600 SF) to occupy or lease
- Operating elevator to the second floor
- Two exterior staircases give separate entrances to the upper suites
- Two on-site parking lots
- Just off 32nd Street near Yuma International Airport and the Yuma Golf & Country Club