FOR LEASE - $16.00 Square Feet - Full Service

Transcription

1 FOR LEASE - $16.00 Square Feet - Full Service Z Suites Available from 800 to 5,200 Square Feet 4667 & 4677 South LAKESHORE DRIVE TEMPE, ARIZONA Completely Remodeled Exterior a. Landscaping redesigned b. Newer Painting, Stucco & Tile c. New Monument Signs d. Epoxy Sidewalks in the Courtyards e. Shade Screens in Walkways f. Asphalt Sealed & Restriped g. Security on the Roof with Cameras H. Exterior lighting for Security I. Seamless Gutters around Perimeter J. LED Lighting MICHAEL WOOD - Associate Broker, CRS, GRI, CLLS (Colonel USAF Retired) MOBILE: OFFICE: FAX: WEST USA REALTY Commercial Real Estate Advisors Kierland Corporate Center 7077 E. Marilyn Rd., Bldg 4 Ste. 200 Scottsdale, AZ 85254

2 LOCATION MAP Michael Wood OFFICE: MOBILE: FAX: WEST USA REALTY Commercial Real Estate Advisors Kierland Corporate Center 7077 E. Marilyn Rd., Bldg 4 Ste. 200 Scottsdale, AZ This document/ has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s) All rights reserved.

3 This document/ has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s) All rights reserved.

4 This document/ has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s) All rights reserved.

5 This document/ has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s) All rights reserved.

6 Contents - Executive Summary - Property Description - Lease Comp - Floor Plans - Maps - Traffic Report - Demographics

7 Executive Summary Lakeshore Drive Office Complex is a single-story garden style freestanding office building totaling 21,784 square feet located in Tempe, Arizona. The property was constructed in 1982 using masonry block, with painted stucco and tile roof accents. The property features interior courtyards with mature landscaping. The property has good appeal and visibility from the street. The subject site totals 2.03 acres (88,730 sq. ft.) with a zoning classification of PCC-2, City of Tempe. Spaces are heated/cooled via electric roof top heat pump air conditioners. Water and electricity are master metered. The project is in close proximity to two successful hospitals, Tempe St. Luke's Hospital and 2.5 miles from Banner Desert Medical Center. The project is 50% leased with (6) Tenants and the suites range from 800 sq. ft. to 5,200 sq. ft. The project is configured for multi-tenant and tenant profile is primarily professional services and businesses. Lakeshore Drive Office Complex offers great freeway access to the loop 101 and the US 60 respectively. These freeways serve as the primary travel corridors running through the east valley and the Tempe/Scottsdale area. Conveniently located near Arizona State University and Downtown Tempe. Located directly across from the Lake Country Village an approximate 1.2 Million Square Foot Mixed Use Redevelopment Project. Property Name - Lake Country Estates 1 Address & 4677 S Lakeshore Drive Tempe, Arizona Property Type - One-story Garden Business Office Suites Year Built Lot Size - Building Size - Parking - Lease Price Acres or 88,730 Square Foot 21,760 Square Foot 4.8 spaces per 1,000 square feet - 99 Total Spaces of which 49 are covered $15.00 Sq. Ft. Full Service - Includes: electric, water & sewer, maintenance & covered parking - Tenant pays; communication, janitorial & city taxes Occupancy - 50%

8 Property Description Lakeshore Country Estates & 4677 South Lakeshore Drive Tempe, Arizona SIZE - 21,760 Square feet YEAR BUILT PARCEL NUMBER A ZONING - LAND AREA - PARKING - ROOF - PCC-2 City of Tempe - CC/Community Commercial -County Zoning 2.04 acres (88,730 sq. ft.) Overall parking ration of 4.8 spaces per 1,000 retable square feet. There are 99 spaces of which 49 are covered. Metal Truss and joist system and the roof system consist of BUR Asphalt Bitumen and Concrete Tile

9 FOUNDATION/FLOOR - Reinforced concrete footings, slab on grade EXTERIOR WALLS - CMU masonry concrete block and stucco finish WINDOWS - CEILING - DOORS - ELECTRICAL - HVAC - SEWER - WATER - All exterior windows are glazed and single-pane Finished ceiling are a combination of painted drywall and suspended Acoustical ceiling panels. Entrance doors are glass with steel frames. 3 phase, 4-wire, 208/120 volt service/solid Copper Heated/cooled with rooftop mounted packaged units ( Units) City - Public City of Tempe ELECTRICAL SERVICE - SRP Property Strengths > Acres (88,730 Sq. Ft.) > Located Just minutes from Sky Harbor International Airport > Excellent freeway access; immediately South of the Superstition Freeway (US 60) and just West of the Loop 101 > Good visibility along Lakeshore Drive - Street Frontage > 99 Total Spaces of Parking with 49 Covered Parking > Small suites are well suited for the local market demand > High density in-fill residential housing surrounds the development > Conveniently located close to Arizona State University & Downtown Tempe > Convenient location between two major hospital campuses > Located Directly Across from Lake Country Village an Approx. 1.2 Million Square Foot Mixed Use Redevelopment Project

10 Lease Comparables PHOTOGRAPH PROPERTY PROPERTY RBA SALE YEAR SALES PRICE/SF TYPE DATE BUILT PRICE 6532 S Ash Ave Tempe, AZ Office 6, $16.12/fs 1222 E Baseline Rd Tempe, AZ Office 8, $15.00/mg 2222 S Dobson Rd Mesa, AZ Office 6, $15.50/fs 2651 W Guadalupe Rd Mesa, AZ Office 3, $18,00/fs 6197 S Rural Rd Tempe, AZ Office 7, $17.16/mg This document/ has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s) All rights reserved.

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20 Aerial / Map Report Building 1 & S Lakeshore Dr - Tempe, AZ Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 6

21 Aerial / Map Report Building 1 & S Lakeshore Dr - Tempe, AZ Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 7

22 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 8

23 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 9

24 Traffic Count Report Building Type: Class B Office Class: B RBA: 20,937 SF Typical Floor: 10,392 SF Total Available: 10,392 SF % Leased: 50.00% Rent/SF/Yr: $15.00 Building 1 & S Lakeshore Dr, Tempe, AZ Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 S Lakeshore Dr E Carter Dr 0.15 NW ,371 MPSI.03 2 S Lakeshore Dr S Fremont Dr 0.05 SE ,891 MPSI.03 3 E Baseline Rd Lakeshore Dr 0.01 E ,865 MPSI.20 4 E Baseline Rd S Dorsey Ln 0.09 E ,448 ADT.26 5 S Rural Rd E Carter Dr 0.03 SW ,562 MPSI.31 6 Superstition Fwy S Rural Rd 0.15 W ,696 ADT.36 7 E Baseline Rd S Rural Rd 0.06 W ,700 Converte.38 8 S Rural Rd E Baseline Rd 0.05 S ,226 Converte.41 9 Superstition Fwy S McClintock Dr 0.42 E ,210 MPSI Superstition Fwy S Rural Rd 0.10 E ,875 ADT.46 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 6

25 Demographic Market Comparison Building 1 & S Lakeshore Dr, Tempe, AZ Type: Class B Office 1 Mile County: Maricopa County Population Growth Household Growth 1 mile 2015 Med Household Inc 2015 Households by Household Income 2015 Median Age 2015 Population by Race 2015 Renter vs. Owner 2015 Employed vs. Unemployed Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 7

26 Demographic Market Comparison Type: Class B Office County: Maricopa Population Growth Building 1 & S Lakeshore Dr, Tempe, AZ Mile County Growth % 7.80% Growth % 7.55% Empl 9, % 1,947, % Unempl % 124, % 2015 Population by Race 17,790 4,114,938 White 14, % 3,484, % Black 1, % 232, % Am. Indian & Alaskan % 111, % Asian % 164, % Hawaiian & Pacific Island % 11, % Other % 110, % 1 mile Household Growth Growth % 7.81% Growth % 7.62% Renter Occupied 3, % 547, % Owner Occupied 3, % 974, % 2015 Households by Household Income 7,277 1,521,858 Income <$25K 1, % 338, % Income $25K - $50K 1, % 371, % Income $50K - $75K 1, % 273, % Income $75K - $100K 1, % 189, % Income $100K - $125K % 133, % Income $125K - $150K % 70, % Income $150K - $200K % 75, % Income $200K % 69, % 2015 Med Household Inc $56,664 $54, Median Age Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 8

27 Demographic Summary Report Building 1 & S Lakeshore Dr, Tempe, AZ Building Type: Class B Office Total Available: 3,293 SF Class: B % Leased: 68.55% RBA: 10,469 SF Rent/SF/Yr: $15.00 Typical Floor: 10,469 SF Radius 1 Mile 3 Mile 5 Mile Population 2020 Projection 19, , , Estimate 17, , , Census 16, , ,321 Growth % 6.95% 7.16% Growth % 5.84% 6.36% 2015 Population by Hispanic Origin 3,171 35,656 92, Population 17, , ,469 White 14, % 118, % 277, % Black 1, % 10, % 24, % Am. Indian & Alaskan % 9, % 18, % Asian % 9, % 20, % Hawaiian & Pacific Island % % 1, % Other % 5, % 11, % U.S. Armed Forces Households 2020 Projection 7,787 64, , Estimate 7,279 60, , Census 6,949 57, ,367 Growth % 7.01% 7.16% Growth % 4.92% 5.60% Owner Occupied 3, % 27, % 67, % Renter Occupied 3, % 33, % 73, % 2015 Households by HH Income 7,277 60, ,838 Income: <$25,000 1, % 16, % 35, % Income: $25,000 - $50,000 1, % 15, % 37, % Income: $50,000 - $75,000 1, % 10, % 25, % Income: $75,000 - $100,000 1, % 7, % 16, % Income: $100,000 - $125, % 4, % 10, % Income: $125,000 - $150, % 2, % 5, % Income: $150,000 - $200, % 2, % 5, % Income: $200, % 1, % 4, % 2015 Avg Household Income $73,243 $63,666 $64, Med Household Income $56,664 $47,322 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 9

28 Daytime Employment Report Building 1 & S Lakeshore Dr, Tempe, AZ Mile Radius Building Type: Class B Office Class: B RBA: 10,469 SF Typical Floor: 10,469 SF Total Available: 3,293 SF % Leased: 68.55% Rent/SF/Yr: $15.00 Business Employment by Type # of Businesses # Employees #Emp/Bus Total Businesses 984 8,068 8 Retail & Wholesale Trade 118 1, Hospitality & Food Service Real Estate, Renting, Leasing Finance & Insurance Information Scientific & Technology Services Management of Companies Health Care & Social Assistance Educational Services Public Administration & Sales Arts, Entertainment, Recreation Utilities & Waste Management Construction Manufacturing Agriculture, Mining, Fishing Other Services Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 10

29 Consumer Spending Report Building 1 & S Lakeshore Dr, Tempe, AZ Building Type: Class B Office Class: B RBA: 10,469 SF Typical Floor: 10,469 SF Total Available: 3,293 SF % Leased: 68.55% Rent/SF/Yr: $ Annual Spending ($000s) 1 Mile 3 Mile 5 Mile Total Specified Consumer Spending $203,058 $1,536,836 $3,595,895 Total Apparel $10,579 $84,874 $199,897 Women's Apparel 4,228 32,699 77,267 Men's Apparel 2,365 18,729 43,252 Girl's Apparel 736 6,270 15,212 Boy's Apparel 493 4,312 10,491 Infant Apparel 504 4,432 10,195 Footwear 2,252 18,432 43,481 Total Entertainment & Hobbies $16,108 $121,277 $284,881 Entertainment 3,607 26,535 62,894 Audio & Visual Equipment/Service 6,778 52, ,463 Reading Materials 932 6,769 15,291 Pets, Toys, & Hobbies 4,791 35,391 83,234 Total Food and Alcohol $53,036 $415,403 $971,876 Food At Home 28, , ,348 Food Away From Home 20, , ,499 Alcoholic Beverages 3,725 28,845 66,028 Total Household $25,811 $192,628 $453,925 House Maintenance & Repair 4,377 30,099 73,452 Household Equip & Furnishings 10,662 81, ,304 Household Operations 8,011 61, ,587 Housing Costs 2,760 19,716 45,582 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 11

30 Consumer Spending Report Building 1 & S Lakeshore Dr, Tempe, AZ Annual Spending (000s) 1 Mile 3 Mile 5 Mile Total Transportation/Maint. $62,026 $460,115 $1,074,094 Vehicle Purchases 20, , ,704 Gasoline 29, , ,634 Vehicle Expenses 1,131 9,376 22,011 Transportation 4,457 34,412 78,196 Automotive Repair & Maintenance 6,638 49, ,550 Total Health Care $9,684 $71,476 $168,103 Medical Services 5,661 42,141 99,371 Prescription Drugs 3,076 22,387 52,533 Medical Supplies 947 6,948 16,200 Total Education/Day Care $12,927 $96,077 $221,366 Education 8,289 62, ,879 Fees & Admissions 4,638 33,690 78,487 Copyrighted report licensed to West USA Realty - Commercial /9/2016 Page 12