5980 Coury Drive $7,999,000

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    5980 Coury Drive Cottonwood, AZ 86326

    Active
    • 28,468 sq. ft.
    • 5.25 Acres
    • Commercial
    • MLS# 529034
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    Views: 124 Days On Site: 134

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    Property Details

    100% leased Ford Dealership leased to long term dealership selling at a 5.7 Cap Rate. The dealership was built in 2007 by Steve Coury and then leased to Jones Ford in on June 30 of 2015. The Jones network of Dealerships has been selling cars in Arizona since 1967, has a good reputation and is operating in multiple locations around the state. The annual net operating income for the property is 462,269.00. The Dealership has 28,490 Square Feet of building and loads of display space on the 242,490 square foot parcel. The Dealership 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.

    • General Features
      • Year Built 2007
      • Road Maintenance City Maintained, County Maintained
      • Sub Type Commercial
      • Tax Parcel 407-09-043e
      • Tax Year 2021
      • Terms Available 1031 Exchange, Cash, Cash to New Loan
      • Utilities Included 3 Phase, Electricity, Individual Meter, Septic, Telephone
      • Amount of Taxes 36976.00
      • Area 20 - Verde North of I - 17
      • City Town Code Cottonwood
      • County Yavapai
      • Subdivision 5 Acres or More
      • External Amenities Fenced Backyard, Landscape
      • Listing Office Name Berkshire Hathaway HomeServices Arizona Properties
      • Lot Dimensions 530 X 462
      • Management Owner
      • On Site Water Treatment Conventional Septic
      • Pet Privileges No
      • Road Access City, County
      • Parking Spaces 20+ Cars, Off Street
    • Building Features
      • Water Heater Electric
      • Type Building Office, Retail, Warehouse
      • Baths Interior
      • Approx Sq Ft 28,468
      • Special Conditions N/A
      • Roof Materials Rolled/Hot Mop
      • Num of Floors 1.0
      • Cooling Refrigeration/Centrl
      • Construction Block, Metal
      • Commercial Amenities 440 Outlet, Ceiling Hght 12 - 15, Ceiling Hght 16 +, Roll Up Doors
      • Floors Carpet, Tile
      • Internal Amenities None
      • Heating Heat Pump
    • Property Features
      • Acres 5.25

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    Neighborhood

    86326 (Cottonwood) Demographics

    47 Median Age
    468 Population Density (per sq. mile)
    29% College Educated
    $44,716 Estimated Median Income
    6,899 Estimated Total Home Owners
    4,254 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,300 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $387,500 Median Sales Price
    40 Homes Sold
    77 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $7,999,000
        2/21/2022 7:53:00 PM New in Database Source: Multiple Listing Service New Value: $7,999,000

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        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Prosperity Home Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Information is provided in part by the IDX program of the Sedona Association of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.