Office Building For Sale / Lease : 604 W Warner Road, Bldg. B, Chandler, AZ 85225 steve@
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Page 3 Executive Summary 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. PROPERTY HIGHLIGHTS Great Owner/User or Value Add Investor Opportunity Available for sale or lease Sale: $965,000.00 PROPERTY SUMMARY Sale Price: $965,000 Seller financing available. Assumable loan. Lease: $18.00 PSF MG (Tenant pays Janitorial) Building Size: 10,154 SF Building Class: B Total Building: +/-10,154 SF Suite B1: +/-3,676 SF (Immediate Availability) Suite B3: +/-1,110 SF (Available 7/1/17) Year Built: Zoning: 1987 Planned Area Development (PAD) City of Chandler Suite B6: +/-3,049 SF (Available 1/1/2018) Strategically located in between Banner Desert Medical Center, Cardon Children s Medical Center & Dignity Health Chandler & Gilbert Regional Medical Centers Value add thru lease-up of vacant units Market: Cross Streets: SE Valley West Mariposa Street & North Garrett Drive steve@ Ability to purchase below replacement cost Professionally managed owner's association with approx. $147,000 on hand as of May 2017. Excellent surrounding demographics
Page 4 Physical Description 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: Building B +/- 10,154 SF Signage: Directional and suite signage throughout the complex. 302-27-937 One 4.0 / 1,000 SF Surface and covered canopy spaces Parking Surface: Asphalt with stone/tile at entrance Zoning: Tenancy: HVAC System: steve@ PAD - Medical Office Multi-tenant Refrigerated air conditioning
Property Photos steve@ Page 5
Page 6 Property Aerial steve@
Page 7 For Lease Available Spaces Lease Rate: $18.00 SF/YR (MG) Total Space 7,835 SF Lease Type: Modified Gross Lease Term: Negotiable SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS B-1 Office $18.00 SF/YR Modified Gross 3,676 SF Negotiable Immediate availability. Tenant responsible for janitorial B-3 Medical $18.00 SF/YR Modified Gross 1,110 SF Negotiable Available August 1, 2017. Tenant responsible for janitorial B6 Medical $18.00 SF/YR Modified Gross 3,049 SF Negotiable Available January 2018. Tenant responsible for janitorial steve@
East Valley Medical Owner/User or Value Add Page 8 Building B steve@
East Valley Medical Owner/User or Value Add Suite B1: 3,676 SF (Available For Lease) steve@ Page 9
East Valley Medical Owner/User or Value Add Suite B2: 1,083 SF (Occupied) steve@ Page 10
Suite B3: 1,110 SF (Available For Lease) steve@ Page 11
East Valley Medical Owner/User or Value Add Page 12 Floor Plan B3 steve@
Suite B6: 3,049 SF (Available 1/1/2018) steve@ Page 13
East Valley Medical Owner/User or Value Add Page 14 Floor Plan B6 steve@
Suite B7: 1,110 SF (Occupied) steve@ Page 15
East Valley Medical Owner/User or Value Add Page 16 Floor Plan B7 steve@
Page 17 Regional Map 604 W Warner Rd Bldg B steve@
Page 18 Aerial Map steve@
Page 19 Sale Comps SUBJECT PROPERTY 1 604 W Warner Rd Bldg B Chandler, AZ 85225 700 W Warner Road Chandler, AZ 85225 Sale Price: $965,000 Sale Price: $1,145,000 Lot Size: 0.31 AC Lot Size: 1.31 AC Year Built: 1987 Year Built: 1995 Building SF: 10,154 SF Building SF: 10,200 SF Price PSF: $95.04 Price PSF: $112.25 Closed: 07/19/2016 Occupancy: 0.0% $112.25 PSF 2 3 1434 W Elliot Road, Bldg. 1 Gilbert, AZ 85233 1450 W Guadalupe Road, Unit 25-32 Gilbert, AZ 85233 Sale Price: $766,701 Sale Price: $500,000 Lot Size: 0.62 AC Year Built: 2003 Year Built: 2015 Building SF: 4,726 SF Building SF: 6,500 SF Price PSF: $105.80 Price PSF: $117.95 Closed: 10/27/2016 Closed: 06/07/2016 Occupancy: 0.0% Occupancy: 0.0% $117.95 PSF. Shell condition. steve@ $105.80 PSF
Page 20 Sale Comps 4 2152 S Vineyard Ave., Bldg 2 Mesa, AZ 85210 Sale Price: $406,000 Lot Size: 0.13 AC Year Built: 2002 Building SF: 4,002 SF Price PSF: $101.45 Closed: 12/23/2016 Occupancy: 0.0% $101.45 PSF steve@
Page 21 Demographics Report 1 MILE 2 MILES 3 MILES 7,096 24,038 52,004 2.4 2.7 2.7 $70,662 $66,403 $73,831 $203,153 $215,820 $269,355 1 MILE 2 MILES 3 MILES 17,380 64,334 140,710 Median age 31.4 31.8 32.5 Median age (male) 30.6 30.7 31.1 Median age (female) 32.2 32.7 33.6 1 MILE 2 MILES 3 MILES Total population - White / % White 13,822 / 79.5% 51,342 / 79.8% 112,043 / 79.6% Total population - Black / % Black 1,243 / 7.2% 4,077 / 6.3% 7,624 / 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% 1,925 / 1.4% Total population - Other / % Other 555 / 3.2% 3,258 / 5.1% 6,790 / 4.8% 1 MILE 2 MILES 3 MILES 4,137 / 23.8% 19,215 / 29.9% 39,764 / 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 steve@