711 Whipple St – 5,088 SF Office

711 Whipple Street presents a compelling multi-tenant investment opportunity or owner user property in Prescott, offered at $1,750,000. The property features five individual units, providing flexibility for investors, owner-users, or future repositioning. Recent capital improvements include a new roof completed in 2025 and new HVAC in 2024, reducing near-term capital needs. Four of the five existing leases expire at the end of the year, creating an opportunity for a buyer to renew tenants, adjust lease terms and rental rates, reposition the tenant mix, or occupy a portion of the property. Pro forma financials project an NOI of $127,200 at $25.00 per square foot NNN, representing a 7.26% capitalization rate at the asking price. Ideally located along the established Whipple Street commercial corridor with convenient access to neighboring Dignity Health and surrounding businesses, medical offices, and residential neighborhoods.

Location

711 Whipple Street is strategically positioned in the heart of Prescott’s established medical corridor, neighboring Dignity Health. The prominent hard-corner location offers excellent visibility and convenient access from Whipple Street and the surrounding central Prescott roadway network. Surrounded by medical providers, professional offices, retail, restaurants, and established residential neighborhoods, the property is ideally situated for medical and professional office users seeking a highly accessible location within Prescott’s healthcare hub.

Highlights

• Class B Medical Office Investment or Owner User

• 26 On-Site Parking Spaces

• Prominent Hard-Corner Location

• Centralized Intersection with Excellent Access & Visibility

Abigail Chartier and Arizona Commercial Real Estate represent this offering. Please contact us for additional information or to arrange a tour.