The price has just been reduced and the first annual CPI adjustment (1.1%) has been made, raising the monthly rent to $5257 NNN and the cap rate to 9.7%. This capitalization rate makes this property among the top income properties available in the Verde Valley, especially with a AAA rated tenant. The building was built as a build-to-suit in 1999 for Qwest and is their central operating facility in the Verde Valley. The initial lease period was 10 years. Qwest signed a new 5 year lease extension in September, 2009 @ $5,200.00 per month NNN with annual CPI adjustments. The Yavapai County GIS states that the building contains 3079 sq. ft., but the construction plans and physical measurement show 3960 sq. ft. The property contains 2.04 acres to accommodate Qwest's storage yard.<br/><br/>Brokered And Advertised By: Sound Investments<br/>Listing Agent: Rick G. Rosenzweig
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