FOR SALE W Bell Road, Bldg C Surprise, AZ SURPRISE PROFESSIONAL OFFICE PARK

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Whitney White
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COLLIERS INTERNATIONAL 2390 E Camelback Road Suite 100 Phoenix, AZ 85016 www.

com/greaterphoenix FOR SALE 16960 W Bell Road, Bldg C Surprise, AZ +5,294 SF

1 COLLIERS INTERNATIONAL 2390 E Camelback Road Suite 100 Phoenix, AZ FOR SALE W Bell Road, Bldg C Surprise, AZ +5,294 SF $719,000 ($ per SF) NWC Bell Road and Loop 303 Lots of amenities Move-in ready Versatile floor plan 2006 construction Good parking JOHN BARNES

Zoning: C-2, city of Surprise Number of Floors: One INVESTMENT HIGHLIGHTS Building

The property is surrounded by retail amenities within walking distance, golf

2 PROPERTY PROFILE Development Name: Surprise Professional Office Park Developer: Cavan Architect: A Design in Vision Year Built: 2006 Number of Buildings: Seven Zoning: C-2, city of Surprise Number of Floors: One INVESTMENT HIGHLIGHTS Building C of the Surprise Professional Office Park is an opportunity to own a newer office condo with an outstanding floor plan. It is move-in ready with a versatile, open floor plan. The property is surrounded by retail amenities within walking distance, golf courses for leisure, executive and affordable housing and excellent demographics. This is the only vacant building of this size within an 8-mile radius. FLOOR PLAN

3 JOHN BARNES

LEASE VS PURCHASE ANALYSIS LEASE ANALYSIS PURCHASE ANALYSIS TENANT INFORMATION PURCHASE INFORMATION Property Name 16960 W.

00 SF/YR Loan-to-Sales Price Ratio 90.00% Loan Amount $647,100 BASE RENT SCHEDULE Interest Rate Methodology (360 or 365) 360 Contract Interest Rate 5.

4 LEASE VS PURCHASE ANALYSIS LEASE ANALYSIS PURCHASE ANALYSIS TENANT INFORMATION PURCHASE INFORMATION Property Name W. Bell Road Sales Price $719,000 Due Dilligence & Closing Costs $3,000 Net Rentable Area 5,294 SF Loan Origination Fee $6,471 Lease Commencement Date Oct-2017 Total Acquisition Cost $728,471 Lease Expiration Date Sep-2027 Lease Term Years DEBT FINANCING Loan Type: Amortizing or Interest Only Amortizing Lease Type (Net or Base Stop) Net Loan Origination Date October-2017 If Base Stop, enter $/SF/YR amount $0.00 SF/YR Loan-to-Sales Price Ratio 90.00% Loan Amount $647,100 BASE RENT SCHEDULE Interest Rate Methodology (360 or 365) 360 Contract Interest Rate 5.000% Month Base Rent Base Rent Base Rent Base Rent Amortization Period 300 Months Date of Lease Per Month SF/Month Per Year SF/Year Annual Debt Service Payment $45,395 Oct $6, $1.30 SF $82, $15.54 SF Jun $7, $1.34 SF $84, $16.04 SF OWNER CONTRIBUTIONS Jun $7, $1.38 SF $87, $16.54 SF Equity Required $81,371 Jun $7, $1.42 SF $90, $17.04 SF Capital Expenditure Reserve $0.25 SF/YR Jun $7, $1.46 SF $92, $17.54 SF Jun $7, $1.50 SF $95, $18.04 SF Annual Appreciation Rate 0.00% Jun $8, $1.55 SF $98, $18.54 SF Jun $8, $1.59 SF $100, $19.04 SF Jun $8, $1.63 SF $103, $19.54 SF PROPERTY RESALE Jun $8, $1.67 SF $106, $20.04 SF Date of Resale Sep-2027 Sales Price at Date of Resale $728,471 Cost of Sale 7.00% LEASE PRESENT VALUE ANALYSIS PURCHASE PRESENT VALUE ANALYSIS Start of Analysis Oct-2017 Start of Analysis Oct-2017 Length of Analysis Years Length of Analysis Years Lease Discount Rate 15.00% Purchase Discount Rate 15.00% Lease Present Value $476,453 Purchase Present Value $319,553 LEASE VS PURCHASE ANALYSIS Based on the above Length of Analysis and Discount PURCHASE The Present Value of the cost savings is estimated to be: $156,900.71

NEW CAREFREE HWY 19TH AVE DEMOGRAPHICS 203RD AVE 163RD AVE HAYDEN RHODES AQUEDUCT PATTON RD HAPPY VALLEY RD GRAND AVE LAKE PLEASANT RD HAPPY VALLEY RD OPERATING EXPENSES Annual Total $ Monthly Total

5 NEW CAREFREE HWY 19TH AVE DEMOGRAPHICS 203RD AVE 163RD AVE HAYDEN RHODES AQUEDUCT PATTON RD HAPPY VALLEY RD GRAND AVE LAKE PLEASANT RD HAPPY VALLEY RD OPERATING EXPENSES Annual Total $ Monthly Total $ $/Per SF HOA Expenses (2017 Budget) $14,611 $1, $2.76 HOA Reserves (2017 Budget) $9,529 $ $1.80 Cleaning/Janitorial Estimate $3,600 $ $0.68 HVAC Maintenance Reserve $500 $41.67 $0.09 Plumbing Reserve $200 $16.67 $0.04 Electricity Estimate $9,794 $ $1.85 Real Estate Taxes (2016) $9, $ $1.75 Building Insurance Estimate $2,400 $ $0.45 Total Operating Expenses $49,911 $4, $9.43 OLIVE AVE SUN VALLEY PKWY NORTHERN AVE INDIAN SCHOOL RD MCDOWELL RD YUMA RD BROADWAY RD BELOAT RD 195TH AVE CAMELBACK RD DEER VALLEY RD COTTON LN. GOODYEARO BUCKEYE JACKRABBIT TR JOHN BARNES ELLIOT RD SARIVAL AVE NARRAMORE RD TUTHILL RD RAINBOW VALLEY RD DEER VALLEY RD EL MIRAGE REEMS RD LITCHFIELDI PARK PEPPLECREEK PKWY ESTRELLA PKWY BULLARD AVE YOUNGTOWN N LITCHFIELD RD DYSART RD EL MIRAGE RD THOMAS RD VAN BUREN ST AVONDALE O SOUTHERN AVE INDIAN SPRINGS RD BEARDSLEY RD UNION HILLS DR BELL RD SUN CITY BUCKEYE RD ES N LOWER BUCKEYE RD PEORIA BASELINE RD DOBBINS RD ELLIOT RD ESTRELLA DR PINNACLE PEAK RD GREENWAY RD THUNDERBIRD RD CACTUS RD GLEN A SAINT JOHNS RD BELTLINE RD This document/ has been prepared by Colliers International for advertising and general information only. Colliers International 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. Colliers International 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 of Colliers International and/or its licensor(s) All rights reserved. 115TH AVE 115TH AVE 10 99TH AVE 91ST AVE 83TH AVE COLLIERS INTERNATIONAL 2390 E Camelback Road Suite 100 Phoenix, AZ ST AVE 75TH AVE AGUA FRIA FWY 6 PAPAGO FWY GRAND AVE 2 BLACK CANYON FWY 19TH AVE 19TH AVE CENTRAL AVE PEORIA AVE DUNLAP AVE NORTHERN AVE MCDOWELL RD GREENWAY PK GLENDALE AVE BETHANY HOME RD CAMELBACK RD INDIAN SCHOOL RD THOMAS RD VAN BUREN MARICOPA FW BR SO CH PE RIG

FOR LEASE OR SALE S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN. JOHN BARNES

FOR LEASE OR SALE S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN. JOHN BARNES FOR LEASE OR SALE 1658 S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN JOHN BARNES 602 222 5042 john.barnes@colliers.com LOCATION HIGHLIGHTS > > Great Tempe location near Arizona