East Valley Office Condo Owner / User or Value Add

Transcription

1 Medical Office Building For Sale / Lease :

2 Executive Summary Page 2 PROPERTY OVERVIEW Warner Medical Park is a high-quality, in-fill medical office condominium project built in 1987 located in Chandler, Arizona. Warner Medical Park consists of five buildings that is home to a diverse tenant roster that benefits from the attractive neighboring demographics, with well-kept common areas and ample parking. Building B is ideally located at the main entrance of the community, featuring a convenient circle drive for patient drop off and pick up. The property is being sold as-is and is considered to be in above-average condition with no evidence of deferred maintenance. PROPERTY HIGHLIGHTS Great Owner/User or Value-Add Investor Opportunity Available for Sale or Lease PROPERTY SUMMARY Sale Price: Sale: $746, ($95.00 PSF) $746, ($95.00/PSF) Seller financing available. Assumable loan Lease: $18.00 PSF (Tenant pays Janitorial) Building Size: Year Built: +/- 7,853 SF 1987 Total Building: +/- 7,853 SF ( +/- 6,940 RSF) Suite C-1: +/- 1,444 SF Suite C-2: +/- 1,671 SF Zoning: Planned Area Development Suite C-3: +/- 2,762 SF (PAD) City of Chandler Suite C-4: +/- 1,063 SF Interior Courtyard: +/- 913 SF Market: SE Valley Strategically located in between Banner Desert Medical Center, Cardon Children's Medical Center & Dignity Health Chandler & Gilbert Regional Medical Centers Cross Streets: Warner Road & Alma School Purchase below replacement cost. Value-add creation thru lease-up of vacant units Professionally managed owner's association with well-funded reserve account

3 Physical Description Page 3 Electrical: SRP (Salt River Project) Water: City of Chandler Gas: None Building Exterior: Concrete slab foundation, concrete block framing Roof: Gable truss system with concrete/ceramic tile Landscaping: Association managed landscaping. Grass and lush landscaped courtyards Fire Safety: Fire sprinklers throughout the buildings Total Building Area: Parcel Number: No. Of Floors: Parking: +/- 7,853 SF Signage: Directional and suite signage throughout the complex One 4.0/1,000 SF Surface and covered canopy spaces Parking Surface: Asphalt with stone/tile at entrance Zoning: Tenancy: PAD Multi-tenant HVAC System: Refrigerated air conditioning

4 Property Photos Page 4

5 Property Aerial Page 5

6 Building C Page 6

7 Suite C-1 Page 7

8 Floor Plan C-1 Page 8

9 Floor Plan C-2 Page 9

10 Suite C-3 Page 10

11 Floor Plan C-3 Page 11

12 Floor Plan C-4 Page 12

13 Regional Map Page W Warner Road, Bldg. C

14 Aerial Map Page 14

15 Sale Comps Page 15 SUBJECT PROPERTY W Warner Road, Bldg. C Chandler, AZ W Warner Road Chandler, AZ Sale Price: $746,035 Sale Price: $1,145,000 Lot Size: 0.23 AC Lot Size: 1.31 AC Year Built: 1987 Year Built: 1995 Building SF: 7,853 SF Building SF: 10,200 SF Price PSF: $95.00 Price PSF: $ Closed: 07/19/2016 Occupancy: 0.0% $ PSF W Elliot Road, Bldg. 1 Gilbert, AZ S Vineyard Ave., Bldg 2 Mesa, AZ Sale Price: $766,701 Sale Price: $406,000 Lot Size: 0.62 AC Lot Size: 0.13 AC Year Built: 2015 Year Built: 2002 Building SF: 6,500 SF Building SF: 4,002 SF Price PSF: $ Price PSF: $ Closed: 06/07/2016 Closed: 12/23/2016 Occupancy: 0.0% Occupancy: 0.0% $ PSF. Shell condition. $ PSF

16 Sale Comps Page W Guadalupe Road, Unit Gilbert, AZ Sale Price: $500,000 Year Built: 2003 Building SF: 4,726 SF Price PSF: $ Closed: 10/27/2016 Occupancy: 0.0% $ PSF

17 Demographics Report Page 17 1 MILE 2 MILES 3 MILES 7,096 24,038 52, $70,662 $66,403 $73,829 $203,153 $215,820 $269,355 1 MILE 2 MILES 3 MILES 17,380 64, ,720 Median age Median age (male) Median age (female) MILE 2 MILES 3 MILES Total population - White / % White 13,822 / 79.5% 51,342 / 79.8% 112,050 / 79.6% Total population - Black / % Black 1,243 / 7.2% 4,077 / 6.3% 7,625 / 5.4% Total population - Asian / % Asian 862 / 5.0% 2,550 / 4.0% 7,189 / 5.1% 3 / 0.0% 247 / 0.4% 596 / 0.4% Total population - Indian / % Indian 311 / 1.8% 1,059 / 1.6% 1,926 / 1.4% Total population - Other / % Other 555 / 3.2% 3,258 / 5.1% 6,791 / 4.8% 1 MILE 2 MILES 3 MILES 4,137 / 23.8% 19,215 / 29.9% 39,766 / 28.3% Total households Total persons per hh Average hh income Average house value Total population Total population - Hawaiian / % Hawaiian Total population - Hispanic * Demographic data derived from 2010 US Census

18 Advisor Bio STEVE BERGHOFF 1809 S. Holbrook Ln. Tempe, AZ Page 18 Professional Background is an experienced commercial real estate professional specializing in the leasing, sale and acquisition of commercial medical & office properties in the metropolitan Phoenix area with an emphasis on the south Scottsdale and East-Valley submarkets. Steve started his real estate career in 2003 where he exclusively represented leasing and sales transactions for a privately held portfolio of real estate. Steve s primary focus is on Landlord/Owner representation with the goal of maximizing property values by sustaining high occupancy levels, successfully negotiating lease deals/renewals and providing exceptional service. Steve has a reputation for being honest, hard-working and developing long lasting relationships with both landlords/tenants and buyers/sellers. Steve graduated from Creighton University in Omaha, Nebraska with a Bachelor of Science in Business Administration. Steve s interests include playing golf, Nebraska football, Creighton basketball, dining out, watching movies, and spending time with his wife Jessica and daughter - Gracen. Other interests/activities: FBI Phoenix Citizen s Academy & Scottsdale Police Department Citizen s Academy. Education BS - Finance: Creighton University CCIM Candidate T x111 C