8141 E Indian Bend Rd, Suite 13 Scottsdale AZ 8525 Tel: (48) 443-857 Fax: (48) 443-3736 www.westland-properties.com EXCLUSIVE LISTING RESIDENTIAL DEVELOPMENT OPPORTUNITY 99 th AVE & BROADWAY RD PHOENIX, ARIZONA LOCATION Site is located at the Southwest corner of 99 th Ave & Broadway Rd, Phoenix, Arizona NUMBER OF ACRES ±9.5 CONCEPTUAL USE 53 Single Family Lots 45 x 11 5.6 DUA (Site Plan attached) CURRENT ZONING C-2 / City of Phoenix PURCHASE PRICE $1,511,934 $28,527/Conceptual Lot SUGGESTED TERMS Cash. 45-day Feasibility Period with a close of escrow upon Final Engineered Subdivision Plat approval with the City of Phoenix UTILITIES Water Sewer Electric City of Phoenix City of Phoenix Salt River Project CONTACT Grant D. Helgeson, Don McCaul Westland Properties Group COMMENTS This is a well-located residential infill opportunity with close proximity to transportation corridors, employment, retail, churches and community amenities. Seller will provide adequate Feasibility Period for a Buyer to rezone and obtain necessary entitlements with the City of Phoenix at Buyer s expense. 217 Annual Taxes estimated at $7,466 as Vacant Parcels. City of Phoenix Estrella South Single Family Impact Fees are $12,115/Lot. THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED BY THE BROKER. ALL DIMENSIONS, SIZES AND FIGURES ARE APPROXIMATE. THE PROPERTY IS SUBJECT TO PRIOR SALE, PRICE CHANGE OR WITHDRAWAL.
S 11st Ave S 1th Dr S 1th Ln S 99th Dr S 99th Ave W Wood St W Wood St W Trumbull Rd W Broadway Rd Broadway Rd S 1th Ave W Luxton Ln W Parkway Dr W Marguerite Ave W Levi Dr S 99th Dr 99th Ave S 1th Ln W Gaby Rd W Wier Ave DEVELOPMENT OPPORTUNITY ±9.5 ACRES ZONED C-2 99th AVE & BROADWAY RD PHOENIX, ARIZONA Grant D Helgeson, Designated Broker - Direct: (48) 675-5149 Don McCaul, Broker - Direct: (48) 675-5144 Imagery 217, DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency WESTLAND PROPERTIES WPG GROUP 8141 E Indian Bend Rd, Ste 13 Scottsdale AZ 8525 Tel: (48) 443-857 / Fax: (48) 443-3736 www.westland-properties.com
Coldwater Springs Vista del Verde Buckeye Rd F Star Garfield Iglesia Del Rio 3 El Mirage Rd Zuheir Del Rio Ranch Avondale Blvd Stockdale Popoff Caballo Crossing Mattamy Littleton ESD Oldaker Country Place GR DV Phoenix 65C S 91st Ave Phx Logistics Farmington Park Heritage Point RMG 21 Cantada Ranch TGV A&LB Durango Walgreens Rexco Fleming Farms Virgin Farms Silver Bullet Mhale 17th Ave Hale Park Forest Flood Control Lions Gate 99th Ave Lower Buckeye Rd CP24 Tivoli Accomazzo PTH Phoenix PTH Perez Catholic Diocese 83rd Ave Tuscano Boschma JLR B18 Marwest Evergreen Hillcrest Trust 5471 New Era Phoenix Sunset Farms New Era Broadway Rd Boschma STT RMG Lakin Dhanjal Tobin New Era New Era Levy Lakin Evergreen Hillcrest Mhale Boschma Cashion Farms Gardner Yerington River Rock Trails Pace Allied Almega I M Bar D Vandenberg Gurrola DEVELOPMENT OPPORTUNITY ±9.5 ACRES ZONED C-2 99th AVE & BROADWAY RD PHOENIX, ARIZONA Cowley Amator Shahan Weiler Mhale Reichert Lakin Hayes Lakin Prestige Southern Ave Grant D Helgeson, Designated Broker - Direct: (48) 675-5149 Don McCaul, Broker - Direct: (48) 675-5144 Imagery 217, DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency WESTLAND PROPERTIES WPG GROUP 8141 E Indian Bend Rd, Ste 13 Scottsdale AZ 8525 Tel: (48) 443-857 / Fax: (48) 443-3736 www.westland-properties.com
SITE VICINITY MAP 325 W. Ray Road Chandler, AZ 85226 Phone: 48.75.5372 Fax: 48.75.5376 www.unitedeng.com united engineering group 1' 5' 5' SCALE: 1" = 1'
united engineering group 325 W. Ray Road Chandler, AZ 85226 Phone: 48.75.5372 Fax: 48.75.5376 www.unitedeng.com 4' 2' 4' SCALE: 1" = 4'
SITE REPORT 995 W Broadway Rd, Tolleson AZ 85353 Prepared by Ben Sanchez at Westland Properties Group Meyers Index Rating ARIZONA 582 995 W Broadway Rd, Tolleson AZ 85353 33.457N -112.274W 1
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Parcel Details PARCEL CHARACTERISTICS APN 11391D Zoning C-2 Lot Size 415,66 sq ft Lot Size 9.54 acres Land Use COMMERCIAL ACREAGE LAST RECORDED CLOSING Date Mar. 3, 26 Sale Price $2,45, Lot Price per sq ft $5.9 OWNER INFORMATION Name VISTANCIA WEST MARKETING LP Address 88 N GAINEY CENTER DR #37, SCOTTSDALE AZ, 85258 2
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Economy Phoenix-Mesa-Scottsdale CBSA Metro Area JOB GROWTH year-over-year July 218 Job Growth: 218 Job Forecast: 55,4 new jobs 58,827 new jobs UNEMPLOYMENT RATE July 218 Unemployment: 3.9% 172,92 115,28 57,64-57,64-115,28-172,92-23,56 Unemployment 218 Forecast: 4.1% 12. 1. 8. 6. 4. 2.. 1991 1995 Maricopa County 1999 23 27 211 215 219F 199 2 21 219F JOB GROWTHyear-over-year Aug. 218 Job Growth: 218 Job Forecast: 57,983 new jobs 56,879 new jobs 169,32 112,88 56,44-56,44-112,88-169,32-225,76 1977 1983 1989 OFFICE ABSORPTION 1995 21 27 213 219F TOP EMPLOYERS # employees Banner Health 9,145 Honeywell International Inc 7,121 American Express 7,269 Wells Fargo 4,869 Bank of America 4,635 EMPLOYMENT BY SECTOR ANNUAL JOB GROWTH BY SECTOR 15,85 12,68 9,51 6,34 3,17-3,17 CON EH F G H I M O PBS NRM TTU 5.8% Construction (CON) 15.4% Education & Health (EH) 9.4% Finance (F) 1.8% Government (G) 11.% Hospitality (H) 1.8% Information (I) 6.1% 3.2% Manufacturing (M) Other (O) 17.1% Professional & Business Services (PBS).1% Natural Resource Mining (NRM) 19.4% Trade, Transport & Utilities (TTU) 3
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Community Zip Code 85353 HOUSEHOLD INCOME 218E Median Household Incomes: $53,894 6,55 56,225 51,9 47,575 43,25 38,925 34,6 POPULATION GROWTH 2 218E 223F POPULATION BY AGE 218E Median Age: 28 year 4 month 14,82.5 11,266. 8,449.5 5,633. 2,816.5. ETHNICITY Under 15 15 to 24 25 to 34 35 to 44 45 to 54 55 to 64 65 to 74 75 to 84 85+ 218E Population Growth: 1.54% 223F Population Growth: 2.36% 56,4 46,7 37,36 28,2 18,68 9,34 2 21 218E 223F 15.% Others 3.% Two Plus.9% American Indian.1% Pacific Islander 2.% Asian 7.6% Black 3.7% White 4.6% Hispanic HOUSEHOLD GROWTH SCHOOLS score 218E Household Growth: 23.57% 14,49 12,75 9,66 7,245 4,83 2,415 2 21 223F Household Growth: 2.19% 218E 223F Tres Rios Elementary School 3/1 La Joya Community High School 4/1 CRIME RATE per 1, people 85353 Arizona Total Crime Rate: 42.49 34.43 Violent Crime Rate: 4.94 4.1 Property Rate: 37.55 3.33 WALKABILITY Walk Score: 25/1 4
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Supply Maricopa County PERMITS last twelve months Aug. 218 Total Residential Permits: 25,95 Single-family Multifamily 72,75 57,66 43,245 28,83 14,415 198 1984 1988 1992 1996 2 24 28 212 216 218LTM NUMBER OF LISTINGS DAYS ON MARKET July 218 # of Listings: 16,494 listings June 218 Days on Market: 56 days 26,575 1 21,26 15,945 1,63 5,315 9 8 7 6 5 Aug. 214 Aug. 215 Aug. 216 Aug. 217 July 218 July 214 July 215 July 216 July 217 June 218 City of Tolleson PERMITS last twelve months Aug. 218 Total Residential Permits: 5 Single-family Multifamily 1 8 6 4 2 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218LTM 5
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Supply NEARBY PROJECTS Active Project Upcoming Project Sold Out Project NO PROJECT BUILDER UNIT SIZE PRICE RANGE TYPE 1 Sunset Farms Meritage Homes 1613-296 $23,99 - $282,99 Detached 2 Vista at Farmington Glen Garrett Walker Homes 129-2674 $148,99 - $194,99 Detached 3 Groves at Farmington Glen Richmond American Homes 165-2995 $188,99 - $235,99 Detached 4 Sunset Farms Lennar 16-3 $225, - $29, Detached 5 Lion's Gate Meritage Homes 2612-4762 $255,99 - $322,99 Detached 6 Country Place Hillcrest Construction 176-2864 $252,5 - $282,5 Detached 7 Tivoli Beazer Homes 1719-2877 $28,4 - $247,9 Detached 8 Park Forest/45s Garrett Walker Homes 13-31 $25, - $3, Detached 9 Park Forest/5s Garrett Walker Homes 13-31 $25, - $3, Detached 1 Park Forest/55s Garrett Walker Homes 13-31 $25, - $3, Detached 11 Country Place Meritage Homes 1666-2474 $177,99 - $29,99 Detached 12 Hurley Ranch Groves D.R. Horton 1475-2195 $152,7 - $173,7 Detached 13 Hurley Ranch Orchards & Vin D.R. Horton 1475-2784 $152,7 - $196,99 Detached 14 Caballo Crossing Mattamy Homes 2765-2765 $299,9 - $299,9 Detached 15 Del Rio Ranch D.R. Horton 1544-2548 $22,99 - $253,99 Detached 6
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Sales Maricopa County Total Home Closings last twelve months Aug. 218 Total Home Closings: 115,63 232,225 Aug. 218 Total Existing Closings: 1,789 Aug. 218 Total New Closings: 14,841 Total Home Sales 185,78 139,335 92,89 46,445 1999 21 23 25 27 29 211 213 215 218LTM City of Tolleson Total Home Closings last twelve months Aug. 218 Total Home Closings: 862 2,8 Aug. 218 Total Existing Closings: 734 Aug. 218 Total New Closings: 128 Total Home Sales 2,24 1,68 1,12 56 1999 21 23 25 27 29 211 213 215 218LTM 85353 Zip Code Total Home Closings last twelve months Aug. 218 Total Home Closings: 838 2,825 Aug. 218 Total Existing Closings: 713 Aug. 218 Total New Closings: 125 Total Home Sales 2,26 1,695 1,13 565 1999 21 23 25 27 29 211 213 215 218LTM 7
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Prices City Of Tolleson CLOSING HOME PRICE Aug. 218 Median Detached New: $243,2 Aug. 218 Median Detached Existing: $28,168 315,385 27,33 225,275 18,22 135,165 9,11 45,55 1999 21 23 25 27 29 211 213 215 218LTM 85353 Zip Code CLOSING HOME PRICE DETACHED AFFORDABILITY Aug. 218 Median SFD New: $244,825 Aug. 218 Median SFD Existing: $29,338 New 15 Existing 315,385 27,33 225,275 18,22 135,165 9,11 45,55 1999 21 23 25 27 29 211 213 215 218LTM 9 75 6 45 3 15 25 21 215 217 CLOSINGS BY PRICE RANGE last twelve months New Existing 45 36 27 18 9-4K 4K-8K 8K-12K 12K-16K 16K-2K 2K-24K 24K-2.4M 8
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Distress City of Tolleson HOUSING TRANSACTION VOLUME BY TYPE last twelve months New Existing Foreclosure Sale Foreclosure NOD 9 72 54 36 18 214 215 216 217 218LTM NOTICES OF DEFAULT & FORECLOSURES last twelve months Aug. 218 Total Foreclosures: 29 Aug. 218 Notices of Default: 174 2,225 1,78 1,335 89 445 1999 21 23 25 27 29 211 213 215 218LTM 85353 Zip Code NOTICES OF DEFAULT & FORECLOSURES last twelve months Aug. 218 Total Foreclosures: 29 Aug. 218 Notices of Default: 174 2,225 1,78 1,335 89 445 1999 21 23 25 27 29 211 213 215 218LTM 9
995 W Broadway Rd, Tolleson AZ 85353, Sep. 28, 218 Appendix DEFINITIONS AND METHODOLOGY ABOUT US All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, CBRE- EA, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes. Abbreviations CM - Competitive Market E - Estimated F - Forecast Meyers Index The Meyers Index is a proprietary index that produces a score ranging from to 1, for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability. Walk Score Walk Score measures the walkability of a zip code from - 1 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at https://www.walkscore.com/ methodology.shtml. Score ranges: -49 - car dependent area 5-69 - somewhat walkable 9-1 - daily errands do not require a car. Meyers Research combines experienced real estate and technology advisors with leading data to provide our clients with a clear perspective and a strategic path forward. Based in Beverly Hills, we are home to 15 experts in 1 offices across the country. Expand coverage to nearby regions to grow your footprint. Get In Touch zonda@meyersresearchllc.com (877) 966-321 www.zonda.co Develop a comprehensive pricing and absorption strategy. Get In Touch hello@meyersresearchllc.com (858) 381-439 www.meyersresearchllc.com