7 YEAR NNN LEASE INVESTMENT OPPORTUNITY

Size: px

Start display at page:

Download "7 YEAR NNN LEASE INVESTMENT OPPORTUNITY"

Allen Simmons
5 years ago
Views:

1 FOR SALE 7 YEAR NNN LEASE INVESTMENT OPPORTUNITY 714 E. ROSE LANE PHOENIX, AZ WORLDWIDE REAL ESTATE SERVICES

SUMMARY THE OFFERING ASKING PRICE $1,760,714 PRICE PSF $207/PSF NOI - ANNUAL $119,000 CAP RATE 6.76% TOTAL BLDG SIZE 8,500 square feet NOI - MONTHLY $9,916.

2 SUMMARY THE OFFERING ASKING PRICE $1,760,714 PRICE PSF $207/PSF NOI - ANNUAL $119,000 CAP RATE 6.76% TOTAL BLDG SIZE 8,500 square feet NOI - MONTHLY $9, LevRose Commercial Real Estate, as Exclusive Advisor to the Seller, is pleased to present to qualified investors, the opportunity to acquire the fee simple interest of 714 E. Rose Lane, located in Phoenix, Arizona. Approximately 8,500 SF, this single-tenant property is occupied by Zachar Law Firm whom, upon a successful close of escrow, will execute a brand new seven (7) year Lease for the entire property. The lease will consist of Zachar Law Firm signing an absolute NNN lease at a starting rate of $14.00/PSF. YEAR CONSTRUCTED 1986 YEAR RENOVATED 2017 E. ROSE LANE

PROPERTY OVERVIEW PROPERTY ADDRESS 714 E. Rose Lane Phoenix, AZ 85014 NORTH MOUNTAIN PARK PIESTEWA PEAK LOT SIZE ±.

3 PROPERTY OVERVIEW PROPERTY ADDRESS 714 E. Rose Lane Phoenix, AZ NORTH MOUNTAIN PARK PIESTEWA PEAK LOT SIZE ±.48 acres (21,079 SF) APN A ZONING C-O, City of Phoenix PARKING SPACES 6 Surface Spaces Available 22 Covered Spaces Available PROPERTY HIGHLIGHTS Very desirable freestanding office building with tremendous street presence. Efficient floor plan consisting of perimeter offices and tasteful interior finishes. Effortless pull up parking with the majority covered stalls. N. 7TH STREET E. ROSE LANE An abundance of natural light with extensive glass line. Positioned in the heart of the thriving 7th Street Corridor.

4 FIRST FLOOR FLOOR PLAN FIRST FLOOR

5 SECOND FLOOR FLOOR PLAN SECOND FLOOR

6 TENANT OVERVIEW Zachar Law Firm is a long time, extremely well-respected personal injury law firm in Phoenix, Arizona. Their professionals help clients recover full and fair money damages for injuries and losses suffered as a result of an accident. Christopher J. Zachar, a State Bar Certified Specialist in Personal Injury and Wrongful Death law understands the pain, frustration and uncertainties people face following an injury-causing event. With over 21 years of experience, the Phoenix Law Firm instills confidence through preparedness, accessibility and knowledge. Although most Phoenix Personal Injury claims settle out of court, they are fully prepared to take their clients case to a jury trial, if needed. Zachar Law Firms methods are to vigorously pursue compensation for their clients personal injury or wrongful death claim, and assure not only that the process is understand the whole way through, but also, that their clients get the best result under all circumstances. Please visit their website at:

Miller Rd Dean Rd 44th St Priest Dr Val Vista Dr Greenfield Dr BUCKEYE EL MIRAGE Northern Ave Glendale Ave Camelback Rd McDowell Rd Bell Rd SUPRISE Waddell Rd Olive Ave Luke AFB Reems Rd Litchfield

Deer Valley Rd Thunderbird Rd Grand Ave 59th Ave McDowell Rd Bell Rd Olive Ave 43rd Ave E. Carefree Hwy. 7th Ave Central Ave 7th St Cave Creek Rd Lincoln Dr 24th St Cave Creek Rd W.

7 Miller Rd Dean Rd 44th St Priest Dr Val Vista Dr Greenfield Dr BUCKEYE EL MIRAGE Northern Ave Glendale Ave Camelback Rd McDowell Rd Bell Rd SUPRISE Waddell Rd Olive Ave Luke AFB Reems Rd Litchfield Rd SUN CITY WEST PEORIA El Mirage Rd SUN CITY LITCHFIELD PARK GLENDALE Camelback Rd 83rd Ave N. Lake Pleasant Pkwy W. Happy Valley Rd E Pinnacle Peak Rd W. Deer Valley Rd Thunderbird Rd Grand Ave 59th Ave McDowell Rd Bell Rd Olive Ave 43rd Ave E. Carefree Hwy. 7th Ave Central Ave 7th St Cave Creek Rd Lincoln Dr 24th St Cave Creek Rd W. Deer Valley Rd CAREFREE E. Pinnacle Peak Rd Greenway Rd 714 E. ROSE LANE Shea Blvd PARADISE VALLEY SCOTTSDALE Scottsdale Rd Indian Bend Rd McDonald Dr McDowell Rd N Pima Rd Hayden Rd W. Happy Valley Rd Bell Rd Dobson Rd FOUNTAIN HILLS Watson Rd Rainbow Valley Rd Broadway Rd Phoenix Goodyear Airport JackRabbit Rd Cotton Ln GOODYEAR Yuma Rd Lower Buckeye Rd Broadway Rd TOLLESON Buckeye Rd Phoenix Sky Harbor Intl Mill Ave TEMPE University Dr McDowell Rd MESA Broadway Rd Baseline Rd Baseline Rd AHWATUKEE Rural Rd CHANDLER Arizona Ave McQueen Rd Cooper Rd Guadalupe Rd Elliot Rd Warner Rd Ray Rd GILBERT Power Rd Chandler Blvd

LOCATION - SOUTH VIEW PHOENIX COUNTRY CLUB DOWNTOWN PHOENIX MIDTOWN PHOENIX

revitalization movement that has added thousands of new class A residential units

Outstanding proximity to high-end executive housing and a significant amount of

professional demographic to the trade area.

year, ranked 11th on Forbes list of fastest-growing cities in America.

8 LOCATION - SOUTH VIEW PHOENIX COUNTRY CLUB DOWNTOWN PHOENIX MIDTOWN PHOENIX ENCANTO PARK & GOLF COURSE PHOENIX SKY HARBOR INTERNATIONAL AIRPORT N. 7TH STREET E. ROSE LANE LOCATION HIGHLIGHTS Phoenix s urban core is undergoing a powerful infill revitalization movement that has added thousands of new class A residential units and a multitude of cutting-edge retail and restaurant amenities. Outstanding proximity to high-end executive housing and a significant amount of newly constructed class A apartments, which has added a substantial young professional demographic to the trade area. Phoenix is currently experiencing more growth than in its entire history and this year, ranked 11th on Forbes list of fastest-growing cities in America. The 7th Street Corridor has undergone an electrifying transformation of into an urban infill hotspot densely packed with tons of cool new restaurants and shops. Convenient 10-minute access to Phoenix Sky Harbor International Airport via SR-51.

LOCATION - EAST VIEW PIESTEWA PEAK PARADISE

CENTER GRANADA PARK ARIZONA BILTMORE WALDORF

ROSE LANE LOCATION HIGHLIGHTS The thriving

area into an urban infill hotbed, yielding

Valley s finest retail Biltmore Fashion Park,

host of other high-end shopping retailers such

Ralph Lauren, William Sonoma and Pottery Barn

9 LOCATION - EAST VIEW PIESTEWA PEAK PARADISE VALLEY CAMELBACK MOUNTAIN SCOTTSDALE BILTMORE CENTER GRANADA PARK ARIZONA BILTMORE WALDORF ASTORIA RESORT BILTMORE FASHION PARK E. ROSE LANE LOCATION HIGHLIGHTS The thriving office market in the 7th Street Corridor is a direct correlation to the explosive revitalization movement that transformed this area into an urban infill hotbed, yielding dozens of hip new restaurant and retail amenities. Located approximately three (3) miles east of 714 E. Rose Lane, lies the heart of the Biltmore-Camelback Corridor area. Camelback Road is home to several of the Valley s finest retail amenities. Biltmore Fashion Park, anchored by Macy s, Saks Fifth Avenue and a host of other high-end shopping retailers such as Cartier, Brooks Brothers, The Apple Store, Ralph Lauren, William Sonoma and Pottery Barn are found in this area. The superb collection of hot new retail amenities serving 714 E. Rose Lane within walking distance ranks high amongst prospective tenants in the market.

WORLDWIDE FOR MORE INFORMATION CONTACT: ZAK KOTTLER Partner 480.294.6003 zkottler@levrose.com JOE COSGROVE Associate 480.294.6013 jcosgrove@levrose.

10 WORLDWIDE FOR MORE INFORMATION CONTACT: ZAK KOTTLER Partner JOE COSGROVE Associate REAL ESTATE SERVICES DISCLAIMER Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice. If you have received this in error, please immediately notify me by reply and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this references terms of a transaction, please note that nothing is binding until a contract is fully signed by all of the required parties. Thank you.

FOR SALE OR LEASE. Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA. Located in Central Scottsdale

FOR SALE OR LEASE. Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA. Located in Central Scottsdale FOR SALE OR LEASE Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA Located in Central Scottsdale Table of Contents PROPERTY SUMMARY... 3-4 PROPERTY OVERVIEW... 5-8 AREA OVERVIEW... 9 EXPENSES...