for sale Western Skies Business Center 1206 E Warner Rd, Gilbert, AZ 85296 for more information marina hammersmith, ccim 602/954-8414 mhammersmith@ensemble.net tracy altemus, ccim 602/443-4022 taltemus@ensemble.net ensemble.net
Table of Contents Property Description Property Highlights Property Overview/Value Proposition Floor Plans Location Maps Plat Map Demographics Gilbert Profile Photos Confidentiality and Disclaimer
property description Western Skies Business Center is a beautiful property featuring three buildings totaling approximately 23,500 SF each. The B building was improved for a salon/ spa concept allowing for several independent operators to lease private rooms while sharing beautiful common area elements such as reception, café, lounge and open teaching/meeting room space. The building is readily adaptable for a single tenant needing offices, meeting rooms and common area space or can be subdivided for multiple tenants. The space is ideal for a corporate headquarters, a school or fitness use or even a surgery center. The interior staircase allows for easy access to both floors from within the building while an exterior elevator provides ADA access. The design of the property allows for circular vehicular access and the buildings wrap around a central landscaped area with open space and benched seating. Each building features a central garden space with water features and ample shade. The building enjoys excellent visibility from Warner Road and tenants/owners would benefit from building signage and identification. Building B at Western Skies offers quality construction with a unique design in an intimate setting with ease of access and exterior building signage opportunities. It is perfect for an owner/user but also suitable for multiple tenants so the investment opportunity can meet a variety of needs.
property highlights ``This building is part of a three building complex with striking architectural design ``It is centrally located on Warner Road, between Val Vista Road and Lindsay Road ``Mid-way between Superstition freeway, US 60 and San Tan freeway, Loop 202, with easy access to the entire Valley. ``The office complex site is immediately north of Western Skies Golf Club and Mulligan s Grill. ``There is plenty of open and covered parking. ``Building and monument signage available providing excellent visibility from Warner Road. ``Beautiful lush landscaping with common area courtyard and fountains central to all three buildings ``The building itself surrounds an intimate courtyard with manicured landscaping and a serene fountain. ``Convenient access to both the first and second floor with both interior and exterior stairs as well as elevator access. ``Several balconies on both levels provide options for breezes and fresh air. ``Excellent visibility and generous traffic counts of nearly 27,000 cars daily on Warner Road ``Good proximity to restaurants and shopping
Property overview / Value proposition Price $175.00/SF Year Built 2008 Building Type Building RSF Zoning Current Build-Out two-story block building 23,530 SF C-C general and medical offices Parcel Number 304-22-858 Parking Ratio 4.17/1,000 potential proforma Purchase Price $175/SF $4,117,750 Cap X investment $20/SF $470,600 Total Investment Price $4,588,350 Down payment 25% $1,147,088 Loan 75% $3,441,263 Annual Debt Service 20 years 5% $(272,530) Rent $23.00/SF $541,190 Less Op Xp $6.80/SF $(160,004) NOI $16.20/SF $381,186 Less Debt Service $(272,530) Cash Flow $108,656 Cash on Cash Yr 1 9.47%
floor plans 1st Floor Storage Electrical A1 A3 A5 A7 A9 A11 A13 A14 Cafe A2 A4 A6 A8 A10 A12 Professional s Lounge Main Entrance Fountain Courtyard Elevator Janitorial Nail Studio Men s RR Women s RR Multipurpose Community Studio Hair Studio Hair Studio Waiting 2nd Floor Women s Locker Room Men s Locker Room Fountain Courtyard Elevator
Plat Map
Location maps
demographics Trends 2016-2021 Annual Rate (in percent) 2 1.8 1.6 1.4 1.2 1 0.8 0.6 0.4 0.2 0 Population Households Families Owner HHs Median HH Income Area State USA Population by Age 16 14 12 Percent 10 8 6 4 2 2016 2021 0 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ 2016 Household Income $75K - $99K 17.2% $50K - $74K 17.7% $35K - $49K 9.6% $25K - $34K 6.4% $15K - $24K 4.4% <$15K 5.0% $200K+ 6.6% $150K - $199K 8.0% 2016 Population by Race Percent 70 60 50 40 30 20 10 $100K - $149K 25.1% 0 White Black Am. Ind. Asian Pacific Other Two+ 2016 Percent Hispanic Origin: 16.8% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
city profile According to Town of Gilbert website Once known as the Hay Shipping Capital of the World, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. In the last 35 years, Gilbert s population has exploded from 5,717 residents in 1980 to over 242,955 residents. As Gilbert approaches build-out over the next decade, the estimated population is expected to reach 330,000. Gilbert boasts several accolades including: The 2nd Safest City in The US (Law Street Media, 2016) The 22nd Best Place to Live in the Country (Money Magazine, 2014) Nationally ranked K-12 education system including public schools, unique magnet schools and charter schools Gilbert continues to focus on the following industries: Science Technology Engineering Advanced Manufacturing Aerospace and Defense Bio-Technology Clean Technology Renewable Energy The Town of Gilbert is a perfect place to start or locate a business. 40.9% of residents hold a bachelor s degree or higher compared with 30.4% nationally. In addition, Gilbert offers an advantageous economic climate with some of the lowest workers compensation and unemployment in the Country, decreasing Corporate Taxes rates and other favorable tax codes. Gilbert is a vibrant community with something to offer everyone; restaurants and entertainment, housing and schools, employment and access.
property photos
property photos
confidentiality and disclaimer The information contained in the following sales package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Ensemble Real Estate Solutions and should not be made available to any other person or entity without the written consent of Ensemble Real Estate Solutions. This sales package has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information is not a substitute for a thorough due diligence investigation. Ensemble Real Estate Solutions has not made any independent investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this sales package has been obtained from sources we believe to be reliable; however, Ensemble Real Estate Solutions has not verified, and will not verify, any of the information, nor has Ensemble Real Estate Solutions conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures and investigations to verify all of the information relating to the sale of these properties. Certain Ensemble employees who are licensed real estate brokers in Arizona have an ownership interest in the Property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT YOUR Ensemble Real ESTATE Solutions AGENT FOR MORE DETAILS