FOR LEASE - $16.00 Square Feet - Full Service Z Suites Available from 800 to 5,200 Square Feet 4667 & 4677 South LAKESHORE DRIVE TEMPE, ARIZONA 85282 Completely Remodeled Exterior a. Landscaping redesigned b. Newer Painting, Stucco & Tile c. New Monument Signs d. Epoxy Sidewalks in the Courtyards e. Shade Screens in Walkways f. Asphalt Sealed & Restriped g. Security on the Roof with Cameras H. Exterior lighting for Security I. Seamless Gutters around Perimeter J. LED Lighting MICHAEL WOOD - Associate Broker, CRS, GRI, CLLS (Colonel USAF Retired) MOBILE: 602-790-0190 OFFICE: 480-893-0600 FAX: 480-773-7055 WEST USA REALTY Commercial Real Estate Advisors Kierland Corporate Center 7077 E. Marilyn Rd., Bldg 4 Ste. 200 Scottsdale, AZ 85254
LOCATION MAP Michael Wood OFFICE: 480-893-0600 MOBILE: 602-790-0190 FAX: 480-773-7055 WEST USA REALTY Commercial Real Estate Advisors Kierland Corporate Center 7077 E. Marilyn Rd., Bldg 4 Ste. 200 Scottsdale, AZ 85254 This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). 2012. All rights reserved.
This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). 2012. All rights reserved.
This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). 2012. All rights reserved.
This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). 2012. All rights reserved.
Contents - Executive Summary - Property Description - Lease Comp - Floor Plans - Maps - Traffic Report - Demographics
Executive Summary Lakeshore Drive Office Complex is a single-story garden style freestanding office building totaling 21,784 square feet located in Tempe, Arizona. The property was constructed in 1982 using masonry block, with painted stucco and tile roof accents. The property features interior courtyards with mature landscaping. The property has good appeal and visibility from the street. The subject site totals 2.03 acres (88,730 sq. ft.) with a zoning classification of PCC-2, City of Tempe. Spaces are heated/cooled via electric roof top heat pump air conditioners. Water and electricity are master metered. The project is in close proximity to two successful hospitals, Tempe St. Luke's Hospital and 2.5 miles from Banner Desert Medical Center. The project is 50% leased with (6) Tenants and the suites range from 800 sq. ft. to 5,200 sq. ft. The project is configured for multi-tenant and tenant profile is primarily professional services and businesses. Lakeshore Drive Office Complex offers great freeway access to the loop 101 and the US 60 respectively. These freeways serve as the primary travel corridors running through the east valley and the Tempe/Scottsdale area. Conveniently located near Arizona State University and Downtown Tempe. Located directly across from the Lake Country Village an approximate 1.2 Million Square Foot Mixed Use Redevelopment Project. Property Name - Lake Country Estates 1 Address - 4667 & 4677 S Lakeshore Drive Tempe, Arizona 85282 Property Type - One-story Garden Business Office Suites Year Built - 1982 Lot Size - Building Size - Parking - Lease Price - 2.04 Acres or 88,730 Square Foot 21,760 Square Foot 4.8 spaces per 1,000 square feet - 99 Total Spaces of which 49 are covered $15.00 Sq. Ft. Full Service - Includes: electric, water & sewer, maintenance & covered parking - Tenant pays; communication, janitorial & city taxes Occupancy - 50%
Property Description Lakeshore Country Estates 1 4667 & 4677 South Lakeshore Drive Tempe, Arizona 85282 SIZE - 21,760 Square feet YEAR BUILT - 1982 PARCEL NUMBER -133-38-005A ZONING - LAND AREA - PARKING - ROOF - PCC-2 City of Tempe - CC/Community Commercial -County Zoning 2.04 acres (88,730 sq. ft.) Overall parking ration of 4.8 spaces per 1,000 retable square feet. There are 99 spaces of which 49 are covered. Metal Truss and joist system and the roof system consist of BUR Asphalt Bitumen and Concrete Tile
FOUNDATION/FLOOR - Reinforced concrete footings, slab on grade EXTERIOR WALLS - CMU masonry concrete block and stucco finish WINDOWS - CEILING - DOORS - ELECTRICAL - HVAC - SEWER - WATER - All exterior windows are glazed and single-pane Finished ceiling are a combination of painted drywall and suspended Acoustical ceiling panels. Entrance doors are glass with steel frames. 3 phase, 4-wire, 208/120 volt service/solid Copper Heated/cooled with rooftop mounted packaged units ( Units) City - Public City of Tempe ELECTRICAL SERVICE - SRP Property Strengths > 2.0370 Acres (88,730 Sq. Ft.) > Located Just minutes from Sky Harbor International Airport > Excellent freeway access; immediately South of the Superstition Freeway (US 60) and just West of the Loop 101 > Good visibility along Lakeshore Drive - Street Frontage > 99 Total Spaces of Parking with 49 Covered Parking > Small suites are well suited for the local market demand > High density in-fill residential housing surrounds the development > Conveniently located close to Arizona State University & Downtown Tempe > Convenient location between two major hospital campuses > Located Directly Across from Lake Country Village an Approx. 1.2 Million Square Foot Mixed Use Redevelopment Project
Lease Comparables PHOTOGRAPH PROPERTY PROPERTY RBA SALE YEAR SALES PRICE/SF TYPE DATE BUILT PRICE 6532 S Ash Ave Tempe, AZ 85283 Office 6,000 2001 $16.12/fs 1222 E Baseline Rd Tempe, AZ 85283 Office 8,550 1983 $15.00/mg 2222 S Dobson Rd Mesa, AZ 85202 Office 6,527 1981 $15.50/fs 2651 W Guadalupe Rd Mesa, AZ 85202 Office 3,888 1984 $18,00/fs 6197 S Rural Rd Tempe, AZ 85283 Office 7,245 1987 $17.16/mg This document/email has been prepared by West USA Realty Commercial Division for advertising and general information only. West USA Realty Commercial Division makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. West USA Realty Commercial Division excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property West USA Realty and /or its licensor(s). 2012. All rights reserved.
Aerial / Map Report Building 1 & 4 4667-4677 S Lakeshore Dr - Tempe, AZ 85282 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 6
Aerial / Map Report Building 1 & 4 4667-4677 S Lakeshore Dr - Tempe, AZ 85282 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 7
Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 8
Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 9
Traffic Count Report Building Type: Class B Office Class: B RBA: 20,937 SF Typical Floor: 10,392 SF Total Available: 10,392 SF % Leased: 50.00% Rent/SF/Yr: $15.00 Building 1 & 4 466-46777 S Lakeshore Dr, Tempe, AZ 85282 Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 S Lakeshore Dr E Carter Dr 0.15 NW 2012 7,371 MPSI.03 2 S Lakeshore Dr S Fremont Dr 0.05 SE 2014 4,891 MPSI.03 3 E Baseline Rd Lakeshore Dr 0.01 E 2014 32,865 MPSI.20 4 E Baseline Rd S Dorsey Ln 0.09 E 2011 23,448 ADT.26 5 S Rural Rd E Carter Dr 0.03 SW 2014 51,562 MPSI.31 6 Superstition Fwy S Rural Rd 0.15 W 2010 7,696 ADT.36 7 E Baseline Rd S Rural Rd 0.06 W 2010 24,700 Converte.38 8 S Rural Rd E Baseline Rd 0.05 S 2010 34,226 Converte.41 9 Superstition Fwy S McClintock Dr 0.42 E 2014 199,210 MPSI.45 10 Superstition Fwy S Rural Rd 0.10 E 2010 5,875 ADT.46 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 6
Demographic Market Comparison Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 Type: Class B Office 1 Mile County: Maricopa County Population Growth Household Growth 1 mile 2015 Med Household Inc 2015 Households by Household Income 2015 Median Age 2015 Population by Race 2015 Renter vs. Owner 2015 Employed vs. Unemployed Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 7
Demographic Market Comparison Type: Class B Office County: Maricopa Population Growth Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 1 Mile County Growth 2010-2015 6.26% 7.80% Growth 2015-2020 7.27% 7.55% Empl 9,818 93.20% 1,947,054 93.99% Unempl 716 6.80% 124,393 6.01% 2015 Population by Race 17,790 4,114,938 White 14,614 82.15% 3,484,018 84.67% Black 1,175 6.60% 232,516 5.65% Am. Indian & Alaskan 534 3.00% 111,962 2.72% Asian 762 4.28% 164,914 4.01% Hawaiian & Pacific Island 97 0.55% 11,179 0.27% Other 608 3.42% 110,349 2.68% 1 mile Household Growth Growth 2010-2015 4.75% 7.81% Growth 2015-2020 6.98% 7.62% Renter Occupied 3,282 45.09% 547,763 35.99% Owner Occupied 3,997 54.91% 974,095 64.01% 2015 Households by Household Income 7,277 1,521,858 Income <$25K 1,448 19.90% 338,365 22.23% Income $25K - $50K 1,672 22.98% 371,529 24.41% Income $50K - $75K 1,559 21.42% 273,797 17.99% Income $75K - $100K 1,054 14.48% 189,491 12.45% Income $100K - $125K 629 8.64% 133,104 8.75% Income $125K - $150K 279 3.83% 70,680 4.64% Income $150K - $200K 326 4.48% 75,073 4.93% Income $200K+ 310 4.26% 69,819 4.59% 2015 Med Household Inc $56,664 $54,188 2015 Median Age 34.40 36.00 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 8
Demographic Summary Report Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 Building Type: Class B Office Total Available: 3,293 SF Class: B % Leased: 68.55% RBA: 10,469 SF Rent/SF/Yr: $15.00 Typical Floor: 10,469 SF Radius 1 Mile 3 Mile 5 Mile Population 2020 Projection 19,082 163,629 378,795 2015 Estimate 17,789 153,001 353,469 2010 Census 16,741 144,565 332,321 Growth 2015-2020 7.27% 6.95% 7.16% Growth 2010-2015 6.26% 5.84% 6.36% 2015 Population by Hispanic Origin 3,171 35,656 92,356 2015 Population 17,789 153,001 353,469 White 14,614 82.15% 118,405 77.39% 277,504 78.51% Black 1,175 6.61% 10,086 6.59% 24,514 6.94% Am. Indian & Alaskan 534 3.00% 9,350 6.11% 18,133 5.13% Asian 762 4.28% 9,382 6.13% 20,173 5.71% Hawaiian & Pacific Island 96 0.54% 766 0.50% 1,711 0.48% Other 608 3.42% 5,012 3.28% 11,435 3.24% U.S. Armed Forces 7 49 165 Households 2020 Projection 7,787 64,987 150,923 2015 Estimate 7,279 60,730 140,836 2010 Census 6,949 57,884 133,367 Growth 2015-2020 6.98% 7.01% 7.16% Growth 2010-2015 4.75% 4.92% 5.60% Owner Occupied 3,997 54.91% 27,562 45.38% 67,797 48.14% Renter Occupied 3,282 45.09% 33,168 54.62% 73,039 51.86% 2015 Households by HH Income 7,277 60,730 140,838 Income: <$25,000 1,448 19.90% 16,633 27.39% 35,773 25.40% Income: $25,000 - $50,000 1,672 22.98% 15,225 25.07% 37,100 26.34% Income: $50,000 - $75,000 1,559 21.42% 10,761 17.72% 25,512 18.11% Income: $75,000 - $100,000 1,054 14.48% 7,196 11.85% 16,308 11.58% Income: $100,000 - $125,000 629 8.64% 4,540 7.48% 10,947 7.77% Income: $125,000 - $150,000 279 3.83% 2,288 3.77% 5,610 3.98% Income: $150,000 - $200,000 326 4.48% 2,271 3.74% 5,482 3.89% Income: $200,000+ 310 4.26% 1,816 2.99% 4,106 2.92% 2015 Avg Household Income $73,243 $63,666 $64,685 2015 Med Household Income $56,664 $47,322 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 9
Daytime Employment Report Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 1 Mile Radius Building Type: Class B Office Class: B RBA: 10,469 SF Typical Floor: 10,469 SF Total Available: 3,293 SF % Leased: 68.55% Rent/SF/Yr: $15.00 Business Employment by Type # of Businesses # Employees #Emp/Bus Total Businesses 984 8,068 8 Retail & Wholesale Trade 118 1,584 13 Hospitality & Food Service 54 862 16 Real Estate, Renting, Leasing 88 776 9 Finance & Insurance 110 662 6 Information 24 243 10 Scientific & Technology Services 191 830 4 Management of Companies 1 3 3 Health Care & Social Assistance 182 891 5 Educational Services 25 913 37 Public Administration & Sales 4 33 8 Arts, Entertainment, Recreation 15 109 7 Utilities & Waste Management 44 273 6 Construction 40 171 4 Manufacturing 15 90 6 Agriculture, Mining, Fishing 0 0 0 Other Services 73 628 9 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 10
Consumer Spending Report Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 Building Type: Class B Office Class: B RBA: 10,469 SF Typical Floor: 10,469 SF Total Available: 3,293 SF % Leased: 68.55% Rent/SF/Yr: $15.00 2015 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile Total Specified Consumer Spending $203,058 $1,536,836 $3,595,895 Total Apparel $10,579 $84,874 $199,897 Women's Apparel 4,228 32,699 77,267 Men's Apparel 2,365 18,729 43,252 Girl's Apparel 736 6,270 15,212 Boy's Apparel 493 4,312 10,491 Infant Apparel 504 4,432 10,195 Footwear 2,252 18,432 43,481 Total Entertainment & Hobbies $16,108 $121,277 $284,881 Entertainment 3,607 26,535 62,894 Audio & Visual Equipment/Service 6,778 52,582 123,463 Reading Materials 932 6,769 15,291 Pets, Toys, & Hobbies 4,791 35,391 83,234 Total Food and Alcohol $53,036 $415,403 $971,876 Food At Home 28,572 226,618 532,348 Food Away From Home 20,739 159,940 373,499 Alcoholic Beverages 3,725 28,845 66,028 Total Household $25,811 $192,628 $453,925 House Maintenance & Repair 4,377 30,099 73,452 Household Equip & Furnishings 10,662 81,581 192,304 Household Operations 8,011 61,231 142,587 Housing Costs 2,760 19,716 45,582 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 11
Consumer Spending Report Building 1 & 4 4667-4677 S Lakeshore Dr, Tempe, AZ 85282 2015 Annual Spending (000s) 1 Mile 3 Mile 5 Mile Total Transportation/Maint. $62,026 $460,115 $1,074,094 Vehicle Purchases 20,575 141,899 328,704 Gasoline 29,225 224,453 528,634 Vehicle Expenses 1,131 9,376 22,011 Transportation 4,457 34,412 78,196 Automotive Repair & Maintenance 6,638 49,974 116,550 Total Health Care $9,684 $71,476 $168,103 Medical Services 5,661 42,141 99,371 Prescription Drugs 3,076 22,387 52,533 Medical Supplies 947 6,948 16,200 Total Education/Day Care $12,927 $96,077 $221,366 Education 8,289 62,387 142,879 Fees & Admissions 4,638 33,690 78,487 Copyrighted report licensed to West USA Realty - Commercial - 473594. 6/9/2016 Page 12