NORTH ROOSEVELT AVENUE

For Sale 40,116 SF FLEX BUILDING

AVAILABLE JUNE 1, 2020

PHIL BREIDENBACH, SIOR Executive Vice President +1 602 222 5073 phil.breidenbach@colliers.com

ROB MARTENSEN, SIOR, CCIM Executive Vice President +1 602 222 5082 rob.martensen@colliers.com

CHANDLER, AZ

COLLIERS INTERNATIONAL 2390 E. Camelback Road, Suite 100Phoenix, AZ 85016colliers.com/arizona

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International 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. Colliers International 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 of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.

PHIL BREIDENBACH, SIOR Executive Vice President +1 602 222 5073 phil.breidenbach@colliers.com

ROB MARTENSEN, SIOR, CCIM Executive Vice President +1 602 222 5082 rob.martensen@colliers.com

CONTACT:

F I R S T F L O O R

P L A N

S E C O N D F L O O R

P L A N

P R O P E R T Y S U M M A R Y

B U I L D I N G I N F O R M AT I O N

ADDRESS: 411 N. Roosevelt Ave., Chandler, AZ

BUILDING SIZE: ±40,116 RSF

TYPE: Manufacturing, warehouse/distribution

ZONING: I-1, City of Chandler

LAND AREA: ±6.735 Acres on 5 parcels

CLEAR HEIGHT: 28’ - 36’

YEARRENOVATED:

2016

USE: Office space, lab, manufacturing, warehouse/distribution.

Excess land for construction yard or service center.

PARKING: 153 spaces with ample paved and fenced areas for expansion. Truck loading area with concrete apron.

PARCEL NUMBERS:

301-68-112

301-68-113

301-68-117

301-68-118

301-68-119

> The parcels all feature street frontage, and could be developed individually, or with adjoining parcels, affording an owner flexibility to sell smaller lots or develop as “build-to-suit.” > Along with office and distribution spaces, 411 N. Roosevelt features a 36-ft. clear-height area (former printing press location), 4,000 amps of power, thick vibration-resistant foundations, industrial elevator, and a stairwell that leads to a third floor “cat-walk” that could be converted to mezzanine or for a modern creative workplace.

> The building is 100% air-conditioned, with dock high loading doors.

> Additionally, the building is well-suited to accommodate lab space, data centers, employee intensive educational applications, functions requiring a clean room, etc.

F U T U R E P O T E N T I A L

2019 CENSUS ESTIMATES (5-MILE)*

HOUSEHOLDS

81,450

MEDIAN HOUSEHOLD INCOME

$76,451

EDUCATION

UNIVERSITY

75% College37% Bachelor’s

or higher

CONSUMER SPENDING

$2,330,3421 2 3 4 5 6 7 8 0 0 0 4 2 3 6

Sandy Machado

04/17

POPULATION

201,072

WORKFORCE

121,668

411 is situated on 5 parcels,

zoned I-1, ranging in size from 1.17 acres to just under 1.4 acres

(total area: 6.735 acres).

*CoStar

0-30 Minutes

30-40 Minutes

71% of the Greater Phoenix population is within a 40-minute drive of the property

DRIVE TIMES

SURPRISE

SUNCITY

SCOTTSDALE

P H O E N I X

GLENDALE

Downtown

PEORIA

PARADISEVALLEY

CAREFREE

CAVE CREEK

BUCKEYE

ANTHEM

FOUNTAINHILLS

MESA

GILBERT

TEMPE

AHWATUKEEFOOTHILLS

CHANDLER

QUEEN CREEK

APACHE JUNCTION

BELL RD.

GRAND AVE.

SHEA BLVD.PEORIA AVE.

MAIN ST.

BASELINE RD.

CAMELBACK RD.

VAN BUREN ST.

CAREFREE HWY.

PIMA FWY.AGUA FRIA FWY.

PAPAGO FWY.

SUPERSTITION FWY.

MARICOPA FWY.

SAN TAN FWY.

RED MOUNTAIN FWY.

PIES

TEW

A FW

Y.

BLAC

K C

ANYO

N FW

Y.

SCOT

TSDA

LE R

D.

CAVE

CRE

EK R

D.

BEELINE HWY.

67TH

AVE

.

7TH

ST.

POW

ER R

D.

CENT

RAL

AVE.

COUN

TRY

CLUB

DR.

COTT

ON L

N.

KIERLAND

NORTH ROOSEVELT AVENUE

AREA MAP

SUBJECTPROPERTY

COLLIERS INTERNATIONAL 2390 E. Camelback Road, Suite 100 | Phoenix, AZ 85016colliers.com/arizona

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International 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. Colliers International 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 of Colliers International and/or its licensor(s). 2019. All rights reserved.

NORTH ROOSEVELT AVENUE

Industrial Market Report - Q3 2019

Research & Forecast Report

ARIZONA | INDUSTRIALQ3 2019

Q3: And So It GoesKey Takeaways > Greater Phoenix continues to remain in the Top 5 metros for job creation in the country, albeit with moderating growth. During the 12-month period ending in August, preliminary estimates show that employers added 57,800 net new jobs, an increase of 2.7 percent but below the 62,500-average increase over the first half of 2019.

> According to the BLS (Bureau of Labor Statistics), over-the-year nonfarm employment rose in 32 of the 51 metropolitan areas with a 2010 Census population of 1 million or more, while employment was essentially unchanged in 19 areas. The largest over-the-year percentage increases in employment in these large metropolitan areas occurred in Orlando-Kissimmee-Sanford, FL (+4.0 percent), Dallas-Fort Worth-Arlington, TX, and Seattle-Tacoma-Bellevue, WA (+3.1 percent each), and Houston-The Woodlands-Sugar Land, TX, and Phoenix-Mesa-Scottsdale, AZ (+2.7 percent each).

> Net absorption was 1.23 million in the third quarter and just over 3 million for all of 2019. Under construction projects also decreased to 7.9 million square feet, from Q2’s high of 8.9 million, with rents up 3.6 percent over-the-year to $0.57 per square foot.

> Development of new industrial space remains quite active particularly in the Southeast (1.31 million square feet) and Southwest (4.9 million square feet) portions of the Valley. As a result, new construction is putting upward pressure on vacancy which has witnessed minor 10 to 40 basis point increases over-the-quarter, specifically in warehouse and manufacturing subtypes. Nonetheless, vacancy across all submarket clusters remains well below 10 percent, with minor deviations by type.

> In the third quarter sales volume increased 121 percent over-the-quarter, 29 percent over-the-year, to the highest Q3 reading since 2016, at $691.5 million. The median price settled at $104 per square foot mirroring Q1, the second

Summary Statistics Phoenix Industrial Market

Vacancy Rate 6.8%

Change from Q3 2018 (bps) 10

Net Absorption (thousands SF) 1,232

New Construction (thousands SF) 2,266

Under Construction (millions SF) 7,933

Asking Rents Per Square Foot Per Month

$0.57

Change from Q3 2018 3.6%

Market IndicatorsRelative to prior period

MarketQ3 2019

Market Q3 2018

Vacancy

Net Absorption

Construction

Rental Rate — Third Quarter Economic Trends*

Phoenix Metro Employment

Phoenix Industrial Uses Employment

U.S. Employment

U.S. Industrial Uses Employment

*Source: Bureau of Labor Statistics