7.71 Ac., Cordes Junction – Frontage

The property is located in Cordes Junction, Yavapai County, Arizona with frontage on the Prescott bound side of Highway 69 just west of Interstate 17.

The Cordes Junction interchange is 67 miles north of downtown Phoenix, 81 miles south of Flagstaff and 35 miles east of Prescott.

Cordes Junction is the central Arizona traffic interchange serving Prescott and Prescott Valley traffic and north-south interstate travel between Phoenix, Sedona, and Flagstaff.

Offering Price: $671,000
Total Site Area: 7.71 Acres
Price/sf: $2
Parcel: 500-06-015B
Zoning: RCU 2
ADOT Access

Description: Approximately 7.71 acres of undeveloped land gently sloping from the midpoint towards the highway with elevated 360 degree views, stunning to the north. Vegetation is light brush overgrowth.

Access: The Property is accessed by the frontage road on the westbound (Prescott) side of Highway 69, with a dedicated eastbound left-turn lane giving full ingress and egress to the highway. The current frontage road access to the property is Kennedy Drive on the eastern front parcel boundary.

Zoning: Currently RCU-2A, Residential with two (2) acres minimum. Due to the proximity to the interchange, Yavapai County is very interested in the commercial development of bordering and nearby properties and welcomes re-zoning with a formal site development plan. Quail Ridge, a 5-Acre parcel directly across Highway 69 from the subject property, evidences this by being recently rezoned to C1 commercial with a 27-unit “KOA style” RV Park currently under development. C1 zoning is a broad category encompassing gas station, hotel/motel, retail, restaurants, fast food, travel related services as well as neighborhood sales and services for the nearby communities.

Utilities: Utilities are existing on adjacent property. Water wells are in the area.

Traffic: From Cordes Junction to Spring Valley, the nearest community 2.75 miles to the west, 2008 traffic counts are 13,000 daily with predictions to double by 2020. The Interstate 17 traffic to the south counts 26,000 and to the north 17,500. The Arizona Department of Transportation (ADOT) in conjunction with the Federal Highway Administration (FHWA) is in the process of a $53 million Interchange Improvement Project scheduled for 2010-2011 to upgrade and improve the interchange and provide secondary access to the Cordes Lakes community.

Population Centers: The westbound Highway 69/Interstate 17 Interchange is the major artery to the Prescott MSA (82,500) which is the largest Arizona MSA north of Phoenix with growth that exceeds the regional and national averages. It serves the communities of Prescott (47,400), Prescott Valley (41,900), Chino Valley (17,000), and Dewey-Humboldt (4,500). Communities in the property’s immediate vicinity include Mayer, Spring Valley, Cordes Lakes and Arcosanti with a combined population of 6,700. Other major population centers of Phoenix Metro (4.3 million), Flagstaff (65,000) and Sedona (11,400), are within 25 to 75 miles of this location.

Yavapai County: Yavapai County encompasses 8,125 square miles. The current population is approximately 241,000 making it the 4th largest county in the state. It is one of the fastest growing counties in the U.S. and the second fastest in the state, experienced a population growth of 205% from 1990 to 2003.
AZ Dept. of Economic Security and U.S Census Bureau

Arizona Commercial Qualifications

Arizona Commercial is uniquely qualified to assist investors with acquisitions, tenant representation and of course, quality property management services.

As one of Arizona’s premiere commercial real estate brokerages, Arizona Commercial has expanded its services statewide, including a presence in metro Phoenix, Tucson, Glendale, Chandler, Tempe, Mesa, Scottsdale, Prescott, Prescott Valley, Flagstaff, Sedona, Lake Havasu City and other communities.

Download the Arizona Commercial Qualifications Brief.

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Call us with your questions at 928-776-8460. If you prefer, you may use our Contact Form.

Arizona Commercial Announces Merger

NEWS RELEASE. PRESCOTT, AZ. September 28, 2009

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Prescott, AZ. September 28, 2009. Arizona Commercial, a Prescott, Arizona commercial real estate company and Majestic Properties, a Prescott, Arizona leasing and property management firm announced their strategic merger.

The two firms will operate a brokerage division and a property management division each headed by their respective owners. Jim Pullaro current Designated Broker will continue to act in that capacity as Chairman and Broker for the Brokerage Group (BG) and Dan Frederiksen, current Owner and Designated Broker of Majestic Properties, will become President of the Company’s new Property Management Group (PMG).

In addition, the Company has announced that Donald Teel has been named the firm’s new President and CEO. He will direct the Companies business operations and development strategies include its expansion, technology and client services. Mr. Teel is the former owner and President of Prudential Foothills Real Estate, which he sold in 2005 and a past Del Webb Corporation Vice President of Sales and Marketing.

“We continue to believe that the commercial real estate investment opportunities throughout Arizona will rebound and this merger creates for us an opportunity to position ourselves for more effective growth and more importantly, to deliver a full menu of commercial services to our current and growing clients,” said Jim Pullaro, Chairman and Broker.

According to Teel, “This decision creates the area’s largest full service commercial brokerage company and puts us into the metro Phoenix, Payson, Sedona, the Verde Valley and the Tucson/Green Valley markets thanks to the current position of Majestic Properties in those geographic areas; equally important is the fact that this merger provides us with the fundamental business structure for horizontal growth.”

“Majestic Properties is a leader in leasing and property management in the Prescott area and has a Phoenix office as well…we wanted to take a more substantial position in the market and the merger with Arizona Commercial makes good operating sense,” according to Frederiksen, who will become the firm’s President and will manage Arizona Commercial’s Property Management Group.

Arizona Commercial indicated that its development plans include a presence in multiple markets, implementation of commercial real estate technologies and a recruiting and training emphasis for full-time commercial real estate professionals. Terms of the merger were not disclosed. The deal is expected to finalize by the end of 2009.

AC Develops Website/Blog

Arizona Commercial has launched a new type of commercial website that includes investor blogging and information exchanges. The new company website also allows Arizona Commercial to create investor resources and events, such as tools for investment assessment and even online traininng workshops.

According to Donald Teel, Senior Associate and Business Development Manager for Arizona Commercial, “Investors are changing their approaches do to market conditions, changes in lending criteria and they are now looking for more intensive information about their investments and input from other investors as well.”

Teel said, “We are looking at more transparency in commercial real estate and Arizona Commercial will be providing blogging and investment forums that can be beds of conversations that enhance investment skills in today’s reality.”

Arizona Commercial plans to launch its “Investor Capital Forum” in October as an adjunct to its Website/Blog.

To find our more about Arizona Commercial contact Donald Teel by email or by phoning him, toll free at 877-777-9100.

Arizona Commercial Expands

Arizona Commercial has adopted a new horizontal business approach that will allow it to penetrate new communities with its commercial real estate services, recruit commercial specialists and provide investors with more options for buying, selling and leasing.

“Our approach is simply the natural result of market conditions and the way we intend to use technology and the Internet to deliver a better service model to commercial investors, owners and tenants,” said Donald Teel, Senior Associate, who is providing the leadership and business model for the expansion.

Arizona Commercial has already started recruiting full-time, exclusive commercial agents in a number of Arizona Communities.

To find our more about Arizona Commercial contact Donald Teel by email or by phoning him, toll free at 877-777-9100.

Multi-Family Investment Opportunities

Like the rest of the nation, Arizona has seen a decline in multi-family transactions due to the severity of the economy.  Arizona Commercial believes we are at or, near the bottom of the decline cycle and multi-family real estate opportunities will once again begin to attract prudent investors.

Arizona Commercial can guide your multi-family investment from start to finish by understanding your financial objectives and preparing a property performance analysis that will serve as the blueprint for your endeavor.

Smart Business is to Choose Arizona Commercial Real Estate

Choosing Arizona Commercial for your Prescott commercial real estate services is smart business. We offer smart solutions in all facets of Prescott commercial real estate.

Founded in 1979, Arizona Commercial Real Estate is the largest and most experienced commercial real estate service provider in Northern Arizona.

Our team of Prescott commercial real estate professionals, with over 120 combined years of commercial brokerage experience, apply their knowledge, insight and experience to assist our clients in reaching their real estate goals.

Arizona Commercial offers clients a dynamic array of commercial real estate options. If your real estate needs lie in:

• Investment property
• Office space for lease or sale
• Industrial properties
• Retail space leasing and investment
• Multi-family
• Undeveloped land

We can help.

Based in Prescott, Arizona, we are considered by many to be Northern Arizona’s premier commercial real estate company. We not only market to local investors, tenants and brokers, but we market through a nationwide network of brokerage firms and trade affiliations.

This, in addition to our affiliation and participation in trade conferences and marketing venues, gives our clients’ properties the widest exposure possible

Real Estate Relocation Services

Regardless of whether you are moving your business to the Prescott area, or are relocating within the Prescott area, our professionals are here to help. We understand that business relocation is a complex task. Making the right choices requires detailed analysis and in-depth knowledge of the real estate market.

At Arizona Commercial, we are experienced in tenant representation and site selection. We have successfully relocated many companies to appropriate business locations – locations that fit their needs perfectly.

We regularly assist new businesses looking to establish a presence in Northern Arizona. Our clients include a long list of business types including retail, manufacturing, investment, warehousing, and more. We have extensive experience in assisting companies looking to relocate decide whether the best option is to buy, lease or build.

Whether your business requires a small office, major corporate headquarters, retail space or an industrial facility, we have the professionals to make sure you make the right move.

Arizona Commercial will assist you in every aspect of the relocation process:

• Market research
• Finding area population and growth trends
• In-depth study of availabilities locations and rates
• Analysis of site selection
• Building property reports and scheduling tours
• Assist in premises inspection
• Lease and/or purchase negotiations
• Economic & functional analysis
• Calculate values
• Compare and evaluate proposals and contracts
• Provide zoning information and requirements for all jurisdictions in the market area

Real Estate Investment Services

Today’s business real estate investment requirements are increasingly complex, and these requirements increasingly impact a company’s strategic decisions and bottom line. This is why more and more companies are looking to Arizona Commercial to assist with real estate investment needs.

Arizona Commercial provides a complete spectrum of commercial real estate investment services.

Our client investment services include:

• Market analysis
• Investor representation
• Seller representation
• Valuation
• Strategies for recapitalization
• Portfolio review
• Lease vs. buy vs. build comparisons
• Transaction services including acquisition, disposition, and subleasing options
• Investment analysis
• Market research and analysis
• Commercial property rezoning services