PHOENIX MOUNTAIN PRESERVE SITE 1431 East Dunlap Avenue, Phoenix, AZ 85020

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1 Camelback Mountain Mummy Mountain Paradise Valley Piestewa Peak Arizona Biltmore Golf Club 24 th Street & Camelback Road PHOEIX MOUTAI PRESERVE SITE 1431 East Dunlap Avenue, Phoenix, AZ Price: $3,800,000 MULTI USE DEVELOPMET OPPORTUITY / Acres Zoned R 5 (City of Phoenix) Currently zoned for up to 215 units Ten minutes from Camelback Employment Corridor Six minutes from SR 51 Freeway, 15 minutes from Sky Harbor Airport Situated in the foothills of the ; over 180 degrees of mountain views and 30 miles of hiking/biking trails Rare opportunity to acquire a large centrally located infill site with highdensity zoning in place Keith Mishkin, Broker

2 PROPERTY SUMMARY Address: 1431 East Dunlap Avenue, Phoenix, AZ AP: Land Size: Zoning: B 202,554 +/ SF (4.65 +/ Acres) R 5, City of Phoenix; Exempt from any hillside development ordinance Development Standards: Multi Family Density: up to DU s per Height: up to 48 feet (4 stories) Commercial Uses Height: up to 48 feet (4 stories) Coverage: 50% Sample of Permitted Uses: Current Use: Single Family, Condominium, Townhome, Multi Family (Market Rate or Subsidized), Senior Housing, Hotel, Charter School, Church, Various Care Facilities, Professional Office, and others. Event Venue two buildings (15,000 +/ SF and 2,000 +/ SF) with approximately 300 parking spaces. Landlord has cancellation option of the Tenant s lease. Property can be delivered vacant or with in place cash flow. Dunlap Ave SITE

3 AERIAL Paradise Valley Mall orth Mountain & Shaw Butte SITE Central Ave

4 IVESTMET HIGHLIGHTS LOCATIO IFILL OPPORTUITY DEMOGRAPHICS Less than one mile from HonorHealth John C. Lincoln Medical Center (over 50 acre campus with 266 bed full service hospital, Heart Institute and Breast Health & Research Center) Minutes from multiple grocery stores including Fry s and Walmart eighborhood Market Centrally located: 10 minutes to Biltmore Fashion Park, 10 minutes to 7 th Street and 16 th Street Corridors (Restaurant Row), 15 minutes to Sky Harbor Airport Average new construction home sales price of $566,000 within two mile radius Average existing home sales price of $349,000 within two mile radius with homes ranging to $1,100,000 Significant investment and development along the 16 th Street and 7 th Street Corridors ALTA Survey, Phase I Environmental Report, Engineering Feasibility and Geotechnical Report available for review upon request PHOEIX METRO MULTI FAMILY MARKET Q PHOEIX METRO ECOOMY Q Mi 3 Mi Population 13,287 98,381 Households 5,618 42,025 Avg Age Median HH Income $39,756 $49,729 Population Growth % 8.0% Household Growth % 7.8% Vacancy: 5.1% Average Rent Increase: 7.2% Average Rent: $953 Employment Growth: 3.6% YOY Unemployment Rate: 4.7% Aerial view looking west Aerial view looking south

5 SALES COTACTS LARRY HEATH, Lead Agent Associate Broker Cambridge Properties (m) KEITH MISHKI, CRS, Owner/Agent Broker Cambridge Properties (o) (m) TERRECE PLAS, Owner/Agent Broker Plas Investments (m)