Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
David Fogler602.224.4443 [email protected]
Steven Nicoluzakis602.224.4429 [email protected]
MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS
TPC SCOTTSDALE CHAMPIONS
GOLF COURSE
SCOTTSDALE 101MAYO CLINIC
SCOTTSDALE QUARTER
KIERLANDCOMMONS SCOTTSDALE
AIRPARKPERIMETER
CENTER
SUPERCENTER
FRANK LLOYD WRIGHT BOULEVARD
90TH STREET
AVAILABLE FOR PURCHASE±4.66 Net Acre Multifamily Development Site NORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
±4.66 NET AC
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard.
Known as the “West’s Most Western Town”, Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other.
Scottsdale is one of the state’s leading job centers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters. The Scottsdale Airpark is one of the largest employment centers in the State of Arizona with more than 2,900 businesses and 51,000 employees in over 2 million square feet of commercial space.
THE OFFERING
MCDOWELLMOUNTAIN
RANCH
MCDOWELL MOUNTAINS
WESTWORLD
ESTANCIATROONDC RANCH
90TH STREET
FRANK LLOYD WRIGHT BOULEVARD
±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
90th
Str
eet
±4.66 NET AC
Pim
a Ro
ad
Gogobot named Scottsdale “Top City for Millennials” in 2016
Top 50 “Best Places to Live”
- TIME (2016)
The opportunity consists of ±202,946 square feet of developable land north of the northwest corner of 90th Street and Raintree Drive.
90th Street
±4.66 NET AC
Site DetailsZoning: R1-35, City of Scottsdale
Net Site Area: ±4.66 Acres / ±202,946 Square Feet
Address: NWC 90th Street & Raintree Circle Drive, Scottsdale, Arizona
Frontage on 90th Street: ±330’
SITE FEATURES Demographics* 1 Mile 3 Miles 5 Miles
Population (2018): 12,174 65,265 156,409
Population (2023 Projection): 12,905 71,311 168,758
Total Daytime Population (2018): 25,889 133,808 235,089
Households (2018): 6,509 29,194 69,326
Households (2023 Projection): 6,869 31,801 74,697
Average Household Income (2018): $96,839 $136,518 $135,162
Average Home Value (2018): $386,532 $577,277 $601,141
Total Businesses 1,652 6,827 11,435
Total Employees 20,090 82,507 139,629
Traffic Counts**90th Street 5,400 vehicles per day
Raintree Drive 29,500 vehicles per day
Frank Lloyd Wright Boulevard 45,600 vehicles per day
Pima Road 16,118 vehicles per day
Loop 101 Freeway 130,196 vehicles per day
*Source: Esri 2019 | **Source: CoStar 2019
Top 10
“Cities That Care” - WalletHub (2016)
Tax ParcelParcel Number Square Feet
217-15-033 ±202,946 SF
Parcel Map
±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
Travelocity named Scottsdale among “America’s Best Small Cities for Foodies” in 2016
615’
615’
33
0±’
330.24
’
217-15-033
P
IMA
RO
AD
9
0TH
STR
EE
T
90TH STREET
RAINTREE DRIVE
KIERLANDCOMMONSSCOTTSDALE
AIRPARK
PARADISEVALLEY
DOWNTOWNSCOTTSDALE
CAMELBACK MOUNTAIN PIESTEWA
PEAKPHOENIX
MOUNTAINSPRESERVE
DOWNTOWNTEMPE
DOWNTOWNPHOENIX
90TH STREET
RAINTREE DRIVE
SCOTTSDALE QUARTER
KIERLANDCOMMONSSCOTTSDALE
AIRPARK
PARADISEVALLEY
DOWNTOWNSCOTTSDALE
CAMELBACK MOUNTAIN PIESTEWA
PEAKPHOENIX
MOUNTAINSPRESERVE
DOWNTOWNTEMPE
DOWNTOWNPHOENIX
Aerial Map Looking Southwest
±4.66 NET AC
Located in the beautiful Sonoran Desert, Scottsdale is bordered by Phoenix to the west and the McDowell Mountains to the east. Scottsdale is a premier community known for a high quality of life with attractive residential, business and shopping areas, making it one of the most livable cities in the country.
MCDOWELL MOUNTAINS
ESTANCIATROON
DC RANCH
WESTWORLD
TPC SCOTTSDALE CHAMPIONS
GOLF COURSE
PERIMETERCENTER
SUPERCENTER
FRANK LLOYD WRIGHT BOULEVARD
90TH STREET
Aerial Map Looking North
±4.66 NET AC
Prosperous North Scottsdale is known for its refined spas, upscale wine bars and steakhouses, and shopping plazas with luxury boutiques. Nearby McDowell Mountain Regional Park is popular for hiking and mountain biking, housing the Frank Lloyd Wright-designed Taliesin West complex in the foothills. TPC Scottsdale Golf Course hosts the annual Waste Management Phoenix Open, the largest attended tournament in the world. North Scottsdale claims many of the most expensive homes in Arizona.
With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The “Cure Corridor” located along Shea Boulevard and Scottsdale Road boasts the city’s health care and biotech industry clusters. Thirteen percent of all Metro area bio-life sciences employment is located in the City of Scottsdale.
TOP SCOTTSDALE EMPLOYERS
SCOTTSDALE
The subject property is located in the highly ranked Scottsdale Unified School District, which has nine A+ Schools of Excellence and two nationally ranked high schools.
±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
SCOTTSDALE EDUCATION ATTAINMENT
Nearly two-thirds of Scottsdale residents have earned an associates degree or higher61.9%
11.8% High School
Graduate 21.0% Some College
7.3% Associates
Degree 32.8% Bachelor’s
Degree
21.8% Graduate Degree
32.0% (50,010)Business 19.3%
(30,280)Hospitality, Retail and
Entitlement
19.3% (30,270)
Government, Healthcare,
and Education
17.8% (27,870)
Manufacturing, Transportation
and Natural Resources
11.6% (18,140)
Consumer Services
OCCUPATIONAL COMPOSITION
4,580 Employees
2,860Employees
1,990 Employees
3,620 Employees
1,850Employees
1,490Employees
2,680Employees
1,300 Employees
3,000 Employees
1,400 Employees
1,040Employees
800Employees
North Scottsdale abounds with business parks including Sonoran Corporate Center, McDowell Mountain Business Park, Sun Airpark Corporate Center, Acoma Business Center, Financial Center at Kierland and North Scottsdale Airpark.
Nearby Scottsdale Airport is one of the nation’s premier corporate jet facilities, recording approximately 150,000 takeoffs and landings each year.
Top 50 for “Growth in Information
Economy” - Forbes (2016)
A destination famous for casual Southwestern style, Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts. More than 9 million people visit Scottsdale annually. Scottsdale is home to one of the most successful shopping centers in the southwest United States – Scottsdale Fashion Square – along with other high-end shopping destinations including Kierland Commons and the Scottsdale Quarter. Scottsdale boasts more spas per capita than any other city in the U.S. For golf enthusiasts, the area features over 200 golf courses to choose from. Hikers enjoy the more than 60 miles of trails through the diverse and scenic terrain of Scottsdale’s McDowell Sonoran Preserve, the largest urban wilderness area in the U.S.
#1 for an “Active Lifestyle” - WalletHub (2016)
±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
3.4%
20.8%
40.9%
16.9%
14.3%
3.7%
85+
65-84
35-64
20-34
5-19
<4
City of Scottsdale Age Breakdown
Gen Xers make up the highest percentage of Scottsdale's population.40.9%
CITY OF SCOTTSDALE AGE BREAKDOWN
CITY OF SCOTTSDALE POPULATION GROWTH
180,000190,000200,000210,000220,000230,000240,000250,000260,000270,000280,000
200
020
01
200
220
03
200
420
05
200
620
07
200
820
09
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Population Growth
Scottsdale is slated to increase by 23,725 people in the next 5 years. 9.4%
Healthiest City in the U.S. - WalletHub (2017)#3Best City to Retire - WalletHub (2017)#4
SCOTTSDALE
Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually.
70+ Hotels & Resorts
83° Average Temperature
7.66 inches Average Rainfall
314+ days of Sunshine each
year
More than 200 Golf Courses within
the state
600+ Restaurants
100+ Art Galleries
!
S C O T T S D A L EP H O E N I X
P A R A D I S EV A L L E Y S A L T R I V E R
P I M A M A R I C O P AI N D I A N C O M M U N I T Y
UNION HILLS DR
BELL RD
GREENWAY RD
THUNDERBIRD RD
CACTUS RD
SHEA BLVD
DOUBLETREE RANCH RD
LINCOLN DR
MCDONALD DRBETHANY HOME RD
CAMELBACK RD
DEER VALLEY RD
PINNACLE PEAK RD
BELL RD
SCO
TTSD
ALE
RD
HAYDEN
RD94
TH S
T
RAINTREE DR
MIL
LER
RD
SCO
TTSD
ALE
RD
PIM
A R
D
VIA LINDA
SHEA BLVD
PIM
A R
D
CHAPARRAL RD
32N
D S
T
44TH
ST24
TH S
T
16TH
ST
7TH
ST
CEN
TRA
L AV
E
7TH
AV
E
19TH
AV
E
7TH
AV
E
35TH
AV
E
BEARDSLEY RD
32N
D S
T 40TH
ST
TATU
M B
LVD
CAV
E CR
EEK
RD
FRANK LLOYD WRIGHT BLVD
SCOTTSDALE AIRPORT
TALKING STICK GOLF CLUBSALT RIVER FIELDS
AT TALKING STICK
KIERLAND GOLF CLUB PARK
GRAYHAWK GOLF COURSE
ANCALA COUNTRY CLUB
MOON VALLEY COUNTRY CLUB
PARADISE VALLEY COMMUNITY COLLEGE
METROCENTER
CHRISTOWNSPECTRUM MALL
BILTMOREFASHION PARK
SCOTTSDALE FASHION SQUARE
SCOTTSDALECOMMUNITY
COLLEGE
PHOENIX-DEER VALLEY MUNICIPAL AIRPORT
PHOENIXMOUNTAINSPRESERVE
©2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.
For more information please contact:
David Fogler602.224.4443 [email protected]
Steven Nicoluzakis602.224.4429 [email protected]
SCOTTSDALE
FOUNTAINHILLS
PARADISE VALLEY
PHOENIXSKY HARBOR
AIRPORT
PHOENIX
TOLLESONGOODYEAR
AVONDALE
SURPRISE
GLENDALE
SUNCITY
GILBERT
QUEENCREEK
CHANDLER
TEMPE
PEORIA
MESA
MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS
±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ
N/NWC 90TH STREET & RAINTREE DRIVE