| 790 N. Lake Havasu Ave. |
| Lake Havasu City, AZ. 86403 |
| County: Mohave |
- Fully Occupied - Well maintained - Located in Main Business Area -
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PROPERTY DESCRIPTION: The Louis Business park is a mixed-use business park built in 1991. It is comprised of five separate metal buildings with 33 units of various sizes, located on 3.57 acres. The parcel is zoned MIP (Light Industrial) and surrounding parcels are zoned MIP or C-2 (General Commercial).
Building ONE has ten units. each 27ft. by 60ft. Building TWO has ten units. each 27ft. by 50ft. Buildings THREE, FOUR, and FIVE have units of various sizes. Chili Charlie's Restaurant in building three is approximately 3,774 square ft. |
LOCATION DESCRIPTION: The park is located on the Southeast corner of N. Lake Havasu Ave. and Holly Dr. Lake Havasu Ave. is one block East of Arizona Highway 95 and Louis Business Park is 1/4 mile North of Acoma Blvd. and 1/2 mile South of N. Kiowa Ave.
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Property For Sale by Owner |
Will Cooperate with realtors
Owner is NOT a licensed Realtor
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| Seller will consider reasonable and/or creative offers |
Wells Fargo Bank In Lake Havasu City says, they can fast track new financing because they know the property's financial history well. 928 453 8340
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- PROPERTY USE TYPE: Investment.
- PRIMARY TYPE: Investment. Industrial-Business Park.
- BUILDING SIZE: 47,132 SF
- LOT SIZE: 3.57 Acres.
- OCCUPANCY: 100.00%
- PRICE/SF: $105.02
- YEAR BUILT: 1991
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- No. Stories: 1
- Sprinklers: yes
- Heating: Varies by Unit
- Cooling: A/C and Evap Cooling
- No. Grade level Doors: 33
- Additional Types: Flex Space Manufacturing
$ 800 is the ACTUAL average vacancy lost for the last three years.
| Operating statement |
| Income:......................... 408,000 |
| less vacancy:........................800 |
| Gross Income:................407,200 |
| Operating Expenses |
| Real state taxes ...............39,468 |
| Property Insurance ..............5,912 |
| Repair
& Maint.................. 12,000 |
| Water & sewer ..................11,800 |
| Electric
..............................1,800 |
| Trash .................................9,098 |
| Fire
System .......................1,200 |
| Janitorial............................. 3,000 |
| Total Operating expenses.... 84,278 |
| Net Operating Income .....323,722 |
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