diversified mixed-use investment combining a national ambulance company under an NNN lease, six one-bedroom apartments and excess land across three parcels totaling approximately 40,076 square feet, or 0.92 acre.
The executed Priority Ambulance Yavapai, LLC lease commences November 6, 2023 and provides a five-year initial term plus the initial partial month, with two additional two-year extension options. Lease-year-3 base rent is $7,530.98 per month ($90,371.76 annualized), with 3% increases each December 1. Year-4 base rent is $7,756.90 per month. Tax and insurance reimbursements are subject to the lease and actual-cost reconciliation; current amounts require verification.
The October apartment rent roll reports three occupied and three vacant apartments (50% physical occupancy). O diversified mixed-use investment combining a national ambulance company under an NNN lease, six one-bedroom apartments and excess land across three parcels totaling approximately 40,076 square feet, or 0.92 acre.
The executed Priority Ambulance Yavapai, LLC lease commences November 6, 2023 and provides a five-year initial term plus the initial partial month, with two additional two-year extension options. Lease-year-3 base rent is $7,530.98 per month ($90,371.76 annualized), with 3% increases each December 1. Year-4 base rent is $7,756.90 per month. Tax and insurance reimbursements are subject to the lease and actual-cost reconciliation; current amounts require verification.
The October apartment rent roll reports three occupied and three vacant apartments (50% physical occupancy). Occupied monthly base rent totals $2,685, plus $150 in scheduled utility charges. Vacant units 3, 5 and 6 are being offered at $850 per month with a $300 move-in gift card. The October 22 leasing update reported no new leases or confirmed move-ins. Vacant asking rent is potential income, not current occupied income.
Combined scheduled annual base rent is $122,591.76: $90,371.76 commercial and $32,220 from occupied apartments. Occupied apartment utility charges add $1,800 annually if collected. These scheduled amounts are not collected income or NOI. The apartment ledger covers January 1-September 30, 2026. The earlier commercial payment summary requires reconciliation to the executed lease.
Current whole-property NOI and cap rate remain pending verification of full expenses, commercial collections and reimbursement true-ups. Earlier modeled NOI and cap rates are superseded for current underwriting. Lease-up income depends on executed leases, timing, collections and verified costs.
The property is offered at $2,295,000. Seller financing is available at 5% interest, amortized over 30 years, with a five-year term, subject to seller approval, borrower qualifications and final written loan documents. The property is reported to be within a Qualified Opportunity Zone; buyers must independently verify the census tract, zoning, development potential, tax treatment, leases, income, reimbursements, expenses and all information material to the purchase decision.
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