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5980 E Coury Drive

Cottonwood, AZ 86326
  • $5,777,862
  • STATUS: Active
  • ON SITE: 392 Days
  • MLS #: 529034
UPDATED: 159 min ago
$5,777,862
  • 0
    BEDS
  • 5.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Ratings & Info

Description

Ford Dealership leased to Jones Ford selling at a high Cap Rate. The dealership was built in 2007 by Steve Coury and then leased to Jones Ford in on June 30 of 2015. The lease rate is $25,000 per month has not changed since the inception of the lease. In addition to the lease revenue there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales tax collected by the town of Camp Verde The Dealership has 28,490 Square Feet of building and is located on 242,490 SQ FT of land. The property is Ford Approved and was designed to meet Ford Dealership Standards in 2006. The building includes a spacious show room, offices, service center, part department, waiting room, public and private restrooms. The lease with Jones renews in June of 2029.

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© 2024 Sedona Verde Valley Association of Realtors. All rights reserved.
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5980 E Coury Drive Cottonwood, AZ 86326

  • Price: $5,777,862
  • Status: Active
  • On Site: 392 Days
  • Updated: 159 min ago
  • MLS #: 529034
0
Beds
0
Baths
0
½ Baths
5.25
Acres
2007
Built
Neighborhood:
5 Acres Or More
County:
Yavapai
Area:
20 - Verde North Of I - 17
Property Description
Ford Dealership leased to Jones Ford selling at a high Cap Rate. The dealership was built in 2007 by Steve Coury and then leased to Jones Ford in on June 30 of 2015. The lease rate is $25,000 per month has not changed since the inception of the lease. In addition to the lease revenue there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales tax collected by the town of Camp Verde The Dealership has 28,490 Square Feet of building and is located on 242,490 SQ FT of land. The property is Ford Approved and was designed to meet Ford Dealership Standards in 2006. The building includes a spacious show room, offices, service center, part department, waiting room, public and private restrooms. The lease with Jones renews in June of 2029.
Exterior Features

Construction Block YN Yes Exterior Features Fenced Backyard Lot Size Dimensions 530 X 462 Parking Features Off Street20+ Cars Road Frontage Type County RoadCity Street Road Surface Type City Maintained

Interior Features

Building Area Total 28468 Cooling Evaporative CoolingCentral Air Flooring Vinyl PlankCarpetTile Heating Heat Pump Unit1 Sq Ft 26412 Unit2 Sq Ft 4785 Unit3 Sq Ft 9170

Property Features

Association Fee2 0 Business Name Steven C Coury Electric 440 Outlet3 Phase Listing Terms Cash to New Loan1031 ExchangeCash Property Sub Type Commercial Road Responsibility County Maintained Special Listing Conditions N/A Tax Annual Amount 36976 Tax Year 2021 Zoning C3-2A

Listing provided by Berkshire Hathaway Home Servicies Arizona Properties: 480-505-6300.


© 2024 Sedona Verde Valley Association of Realtors. All rights reserved.
 
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Peoria AZ, 85382