PRICE REDUCED!! 100% LEASED OFFICE BUILDING FOR SALE

Transcription

1 FOR SALE OFFICE PRICE REDUCED!! 100% LEASED OFFICE BUILDING FOR SALE 1136 E. Harmony Avenue Mesa, AZ PRESENTED BY: NICOLE RIDBERG Senior Advisor PROPERTY HIGHLIGHTS $950,000 or $ PSF 100% Leased Freestanding Two Story Red Brick Building Easy Access to the US-60 Freeway Parking Lot Recently Sealed and Striped

2 DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

3 1 PROPERTY INFORMATION

4 SECTION 1 PROPERTY INFORMATION Executive Summary SALE OVERVIEWVIEW SALE PRICE: $950,000 CAP RATE: 7.65% NOI: $72,639 LOT SIZE: Acres BUILDING SIZE: 9,508 SF BUILDING CLASS: B YEAR BUILT: 1984 PROPERTY DESCRIPTION The Subject building is a 9,508 sq. ft. two story, multi-tenant building sitting on approximately 0.66 Acres. The property is extremely well maintained and the parking lot has recently been resealed and striped. LOCATION OVERVIEWVIEW The subject property is located on Harmony Avenue which offers quick and easy access to the heavily traveled US-60 freeway at Stapely Road. Within minutes, you can access both the Historical Downtown District of Mesa and Downtown Gilbert which have both evolved significantly over the past few years. In addition to the successful growth of commercial businesses in the area has been the abundant growth of high end restaurants, retail and entertainment amenities. ZONING: MARKET: SUB MARKET: CROSS STREETS: O-S Phoenix Mesa US-60 & Stapley Road 4

5 2 LOCATION INFORMATION

6 SECTION 2 LOCATION INFORMATION Mesa City Information Mesa, AZ INTRODUCTION The city of Mesa, encompassing 133 square miles, is the third-largest city in Arizona and 38th-largest in the nation. Mesa lies 12 miles southeast of downtown Phoenix, and is bordered by Tempe to the west and Chandler and Gilbert to the south. With its rapid population growth and numerous development opportunities, the city is a key part of the Phoenix-Mesa-Scottsdale Metropolitan Area s economy. Mesa boasts a highly skilled, well-educated workforce that has supported its economic expansion. LARGEST EMPLOYERS Banner Health Systems 9,573 Mesa Public Schools 8,770 The Boeing Company 4,900 City of Mesa 3,715 Maricopa County Government 2,644 Maricopa Community Colleges 1,951 Aviall Inc. 842 Empire Southwest 736 CBI Medical & Behavioral Health 655 Mountain Vista Medical Center 530 Able Engineering 400 Special Devices Inc. 400 Drivetime Automotive Group 300 Crescent Crown Distributing 274 Source: Reference USA, MAG Employer Database, Hoover s, 2014 The city s Phoenix-Mesa Gateway Airport area is on the verge of dramatic change that could transform it into one of the Valley s largest economic centers. The 42-squaremile Phoenix-Mesa Gateway area includes 22,000 acres of land for industrial and commercial purposes, from office space, hotels, and car-rental agencies to restaurants, as well as 5,000 acres of residential land. The area could ultimately support 147,000 new jobs and 50,000 to 60,000 new residents. POPULATION From 1990 to 2014, Mesa s population increased by approximately 53.3%, from 294,448 to 451,299. This increase was nearly twice that of the national gain of 26.9% for this period. By 2019, the city s population is expected to reach 466,924, a figure that equates to an annual average increase of 0.7% from At build-out, Mesa s population is expected to reach 636,252. The median age of Mesa residents is 35.0 years, compared to 37.3 nationally. Nearly 22% of city residents are between the prime renter years of 20 and 34, compared to 20.6% nationally. 6

7 SECTION 2 LOCATION INFORMATION Location Maps 7

8 SECTION 2 LOCATION INFORMATION Retailer Map 8

9 3 DEMOGRAPHICS

10 SECTION 3 DEMOGRAPHICS Demographics Report 1 MILE 3 MILES 5 MILES Total households 4,601 48, ,849 Total persons per hh Average hh income $55,362 $59,102 $64,782 Average house value $201,512 $215,421 $228,775 1 MILE 3 MILES 5 MILES Total population 15, , ,515 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census 10

11 SECTION 3 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 15, , ,515 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 4,601 48, ,849 # OF PERSONS PER HH AVERAGE HH INCOME $55,362 $59,102 $64,782 AVERAGE HOUSE VALUE $201,512 $215,421 $228,775 * Demographic data derived from 2010 US Census 11

12 SECTION 3 DEMOGRAPHICS Additional Photos 12