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PHOENIX, ARIZONA1606 WEST INDIAN SCHOOL ROADMATT [email protected]
ADAM [email protected]
OWNER/USER OPPORTUNITYFOR SALE
$975,000 ($135.42/SF)
I Executive Summary II Property Details III MapsIV Owner - User Summary V Floor PlansVI Photo Gallery
“No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.”
TABLE OF CONTENTSC O N T E N T S
EXECUTIVE SUMMARY
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EXECUTIVE SUMMARY
1606 West Indian School Road, Phoenix AZ
PROPERTY HIGHLIGHTS 7,200 Square Feet
Built in 1977
Quality construction
Stand-alone building
Functional build outs – Functional layouts
365 feet of frontage – great exposure
Easy access to I-17 freeway
Excellent curb appeal – Quality construction
Good ingress / egress – easy to find
Convenient access to Downtown Phoenix
Great monument sign on Indian School
Mature desert landscaping – eco friendly
Outdoor storage
Enclosed patio area
LEE & ASSOCIATES | OWNER/USER OPPORTUNITY
EXECUTIVE SUMMARY
1606 West Indian School Road, Phoenix AZ
PROPERTY PROFILE
ADDRESS: 1606 West Indian School Road Phoenix, AZ
TITLE: Fee Simple
PROPERTY: One-story office building
SALE PRICE: $975,000 ($135.42/SF)
BUILDING SIZE: 7,200 SF
LOT SIZE: 0.86 acres
PARKING: 7.5:1000 – 16 covered 53 total
YEAR BUILT: 1977
OCCUPANCY: 0% Vacant Building
ZONING: R-5 / P-1 City of Phoenix
PARCEL NUMBER: 155-48-123
155-48-121A
155-48-121B
PROPERTY DETAILS
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PROPERTY DETAILS
1606 West Indian School Road, Phoenix AZ
DESCRIPTION OF IMPROVEMENTS
Foundation Reinforced poured concrete
Floor System
Concrete Floor Covering
Combination of carpet and Exterior Design
Concrete block / stucco Roof System
Pitched with asphalt shingles Interior Walls
Cypsum board Lighting
Recessed fluorescent lighting Elevator
None – single story HVAC
Individual Units
Fire Protection Yes
Landscaping
Mature landscaping with outdoor seating in secure area APN
155-48-123 155-48-121A 155-48-121B
Zoning
Residential Office – R-5 / P-1, City of Phoenix Municipal Services Water/Sewer City of Phoenix Electricity APS Telephone Century Link Natural Gas Southwest Gas Parking
7.5:1000 16covered spaces Access
The subject is 1 mile East of the full diamond intersection of the I-17 Freeway located just West of Indian School Road and 15th Avenue.
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MAPS
LEE & ASSOCIATES | OWNER/USER OPPORTUNITY
MAPS
1606 West Indian School Road, Phoenix AZ
FREEWAY MAPS
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MAPS
1606 West Indian School Road, Phoenix AZ
AERIAL MAP
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MAPS
1606 West Indian School Road, Phoenix AZ
PARCEL MAP
FINANCIAL ANALYSIS
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FINANCIAL ANALYSIS
1606 West Indian School Road, Phoenix AZ
Q4 2016 ENTIRE PHOENIX OFFICE MARKET Q4 2016 MIDTOWN SUBMARKET
Vacancy: 18.6% Vacancy: 23.6%
Rental Rate: $24.34 Full Service Rental Rate: $22.26 FSG
Total Inventory: 86,943,444 SF Total Inventory: 9,630,094 SF
Q4 Absorption: 519,391 SF Q4 Absorption: (15,674) SF
2016 Absorption: 2,928,342SF 2016 Absorption: (2,993) SF
Under Construction: 2,683,027 SF Under Construction: 67,650
LEE & ASSOCIATES | OWNER/USER OPPORTUNITY
FINANCIAL ANALYSIS
1606 West Indian School Road, Phoenix AZ
RENT ROLL
Suite Tenant Square Feet % Expiration
Vacant
LEE & ASSOCIATES | OWNER/USER OPPORTUNITY
FINANCIAL ANALYSIS
1606 West Indian School Road, Phoenix AZ
OWNER USER SUMMARY Purchase Price: $975,000 ($135.42/SF)
Less 10% Down Payment: $97,500
Loan Amount: $877,500
Annual Loan Payment: (1) $56,843
Building Operating Expenses: (2) $54,000
Loan & Op. Ex. Payments: ($110,843)
Less In Place Income: (3) $0.00
Less Lease-up of Vacant Space (4) $0.00
Total Income: $0.00
Occupancy Cost Yearly: $110,843
Occupancy Cost Monthly: $9,236
Occupancy Cost PSF: (5) ($15.39/SF)
Assumptions: (1) 4.25% int, 25 yr amort, 10% down (2) Estimated operating expenses at $7.50/SF (3) Simon Med at $27.20 x 3,048 (4) N/A (5) Owner occupies entire 7,200 SF ($110,843 / 7,200 = $15.39/SF) This is a hypothetical Owner/User Summary, information contained herein has been obtained from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
PLANS
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PLANS
1606 West Indian School Road, Phoenix AZ
FLOOR PLAN
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PLANS
1606 West Indian School Road, Phoenix AZ
SITE PLAN
PHOTO GALLERY
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PHOTO GALLERY
1606 West Indian School Road, Phoenix AZ
EXTERIOR
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PHOTO GALLERY
1606 West Indian School Road, Phoenix AZ
INTERIOR
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PHOTO GALLERY
1606 West Indian School Road, Phoenix AZ
