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NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: S S T T E E V V E E N N J J . . S S C C H H N N I I T T Z Z E E R R L L T T D D . . STEVEN SCHNITZER, Broker/Owner Commercial Sales & Leasing [email protected] (602) 478-1525

NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

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Page 1: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

NORTH SCOTTSDALE AIRPARK OFFICE BUILDING

AVAILABLE FOR LEASE/SALE

For More Information Contact: SSTTEEVVEENN JJ.. SSCCHHNNIITTZZEERR LLTTDD..

STEVEN SCHNITZER, Broker/Owner Commercial Sales & Leasing

[email protected] (602) 478-1525

Page 2: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

SUMMARY OF OFFERINGSUMMARY OF OFFERINGSUMMARY OF OFFERINGSUMMARY OF OFFERING

Sales Price:Sales Price:Sales Price:Sales Price: $1,$1,$1,$1,777799999999,000 ,000 ,000 ,000 ALL CASHALL CASHALL CASHALL CASH

Building Size:Building Size:Building Size:Building Size: 10,218+/10,218+/10,218+/10,218+/---- Square FeetSquare FeetSquare FeetSquare Feet

Price per SF:Price per SF:Price per SF:Price per SF: $1$1$1$176767676 Occupancy:Occupancy:Occupancy:Occupancy: 100%100%100%100% (2 (2 (2 (2 –––– 1,200SF suites1,200SF suites1,200SF suites1,200SF suites

will be available Jan 2019)will be available Jan 2019)will be available Jan 2019)will be available Jan 2019)

NOINOINOINOI :::: $12$12$12$122222,,,,555503030303

Cap Rate:Cap Rate:Cap Rate:Cap Rate: 6.6.6.6.8888%%%% The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm itsrm itsrm itsrm its accuracy and accuracy and accuracy and accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to the property to determine to the property to determine to the property to determine to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject to change without notice given. subject to change without notice given. subject to change without notice given. subject to change without notice given.

Page 3: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

PROPERTY INFORMATIONPROPERTY INFORMATIONPROPERTY INFORMATIONPROPERTY INFORMATION

Property Property Property Property Address:Address:Address:Address: 7825 East Gelding Drive, Scottsdale, Arizona 852607825 East Gelding Drive, Scottsdale, Arizona 852607825 East Gelding Drive, Scottsdale, Arizona 852607825 East Gelding Drive, Scottsdale, Arizona 85260

Location:Location:Location:Location: Situated within the Scottsdale Airpark in North ScottsdaleSituated within the Scottsdale Airpark in North ScottsdaleSituated within the Scottsdale Airpark in North ScottsdaleSituated within the Scottsdale Airpark in North Scottsdale

Property Type:Property Type:Property Type:Property Type: Office BuildingOffice BuildingOffice BuildingOffice Building

Property Type:Property Type:Property Type:Property Type: Freestanding multiFreestanding multiFreestanding multiFreestanding multi----tenant Office buildingtenant Office buildingtenant Office buildingtenant Office building

Building Size:Building Size:Building Size:Building Size: 10,218+/10,218+/10,218+/10,218+/---- Square FeetSquare FeetSquare FeetSquare Feet

Lot Size:Lot Size:Lot Size:Lot Size: 0.80 Acres0.80 Acres0.80 Acres0.80 Acres

Year Year Year Year Built:Built:Built:Built: 1997199719971997

No. of Floors:No. of Floors:No. of Floors:No. of Floors: One (1)One (1)One (1)One (1)

Zoning:Zoning:Zoning:Zoning: IIII----1, Light Industrial (City of Scottsdale)1, Light Industrial (City of Scottsdale)1, Light Industrial (City of Scottsdale)1, Light Industrial (City of Scottsdale)

Number of Suites:Number of Suites:Number of Suites:Number of Suites: Four (4)Four (4)Four (4)Four (4)

Construction:Construction:Construction:Construction: MasonryMasonryMasonryMasonry

Roof:Roof:Roof:Roof: Concrete Tile and pitchedConcrete Tile and pitchedConcrete Tile and pitchedConcrete Tile and pitched

Parking:Parking:Parking:Parking: 3.7/1000 (26 3.7/1000 (26 3.7/1000 (26 3.7/1000 (26 Open and Open and Open and Open and 12 12 12 12 Covered Covered Covered Covered SpSpSpSpaces)aces)aces)aces)

Comments:Comments:Comments:Comments: Quality construction with lots of upgrades in Suite 100, full kitchen with builtQuality construction with lots of upgrades in Suite 100, full kitchen with builtQuality construction with lots of upgrades in Suite 100, full kitchen with builtQuality construction with lots of upgrades in Suite 100, full kitchen with built----ins, a shower in the restins, a shower in the restins, a shower in the restins, a shower in the rest

room, coffered ceilings, custom woodwork throughout the suite, fireplace in the conference room androom, coffered ceilings, custom woodwork throughout the suite, fireplace in the conference room androom, coffered ceilings, custom woodwork throughout the suite, fireplace in the conference room androom, coffered ceilings, custom woodwork throughout the suite, fireplace in the conference room and

a water feature along the wall a water feature along the wall a water feature along the wall a water feature along the wall in the walkway.in the walkway.in the walkway.in the walkway. Several smaller suites (contiguous) will be available atSeveral smaller suites (contiguous) will be available atSeveral smaller suites (contiguous) will be available atSeveral smaller suites (contiguous) will be available at

beginning of year for owner/occupant.beginning of year for owner/occupant.beginning of year for owner/occupant.beginning of year for owner/occupant.

The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, representations, representations, representations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy aexpressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy aexpressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy aexpressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and nd nd nd completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current orororor future performance of the property. You and your advisors should conduct a careful, independent investigation of the propertyfuture performance of the property. You and your advisors should conduct a careful, independent investigation of the propertyfuture performance of the property. You and your advisors should conduct a careful, independent investigation of the propertyfuture performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to to determine to to determine to to determine to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. Thisyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. Thisyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. Thisyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject to change without notice given. offering is subject to change without notice given. offering is subject to change without notice given. offering is subject to change without notice given.

Page 4: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

TENANT SUMMARYTENANT SUMMARYTENANT SUMMARYTENANT SUMMARY

RENT ROLLRENT ROLLRENT ROLLRENT ROLL ((((EffectiveEffectiveEffectiveEffective AugustAugustAugustAugust 1, 2011, 2011, 2011, 2018888))))

NO.NO.NO.NO.

TENANT(S)TENANT(S)TENANT(S)TENANT(S)

SIZESIZESIZESIZE (SF)(SF)(SF)(SF)

RENTALRENTALRENTALRENTAL INCOMEINCOMEINCOMEINCOME

RENTRENTRENTRENT

PER SFPER SFPER SFPER SF

LEASELEASELEASELEASE TYPETYPETYPETYPE

LEASELEASELEASELEASE

START DATESTART DATESTART DATESTART DATE

LEASELEASELEASELEASE

END DATEEND DATEEND DATEEND DATE

COMMENTSCOMMENTSCOMMENTSCOMMENTS

100100100100

AFTERMASTER, INC.AFTERMASTER, INC.AFTERMASTER, INC.AFTERMASTER, INC.

5,4185,4185,4185,418

$7,$7,$7,$7,449449449449....75757575

$16.$16.$16.$16.55550000

ModifiedModifiedModifiedModified

GrossGrossGrossGross

04/05/201604/05/201604/05/201604/05/2016

04/30/202104/30/202104/30/202104/30/2021

$7,675.50 $17.00/SF; 05/01/2019$7,675.50 $17.00/SF; 05/01/2019$7,675.50 $17.00/SF; 05/01/2019$7,675.50 $17.00/SF; 05/01/2019 $7,901.25 $17.50/SF; 05/01/2020$7,901.25 $17.50/SF; 05/01/2020$7,901.25 $17.50/SF; 05/01/2020$7,901.25 $17.50/SF; 05/01/2020

102102102102

TAYLOR FITZPATRICKTAYLOR FITZPATRICKTAYLOR FITZPATRICKTAYLOR FITZPATRICK

1,2001,2001,2001,200

$1,7$1,7$1,7$1,757575757....54545454

$17.$17.$17.$17.57575757

ModifiedModifiedModifiedModified Gross Gross Gross Gross (1)(1)(1)(1)

12/02/201312/02/201312/02/201312/02/2013

12/31/201812/31/201812/31/201812/31/2018

Will be vacating upon lease expirationWill be vacating upon lease expirationWill be vacating upon lease expirationWill be vacating upon lease expiration

103103103103

AFTERMASTER, INC.AFTERMASTER, INC.AFTERMASTER, INC.AFTERMASTER, INC.

2,4002,4002,4002,400

$3,$3,$3,$3,111100.0000.0000.0000.00

$15.$15.$15.$15.55550000

ModifiedModifiedModifiedModified

GrossGrossGrossGross

02/15/201702/15/201702/15/201702/15/2017

04/30/202104/30/202104/30/202104/30/2021

$3,200.00 $16.00/SF; 05/01/2019$3,200.00 $16.00/SF; 05/01/2019$3,200.00 $16.00/SF; 05/01/2019$3,200.00 $16.00/SF; 05/01/2019 $3,300.00 $16.50/SF; 05/01/2020$3,300.00 $16.50/SF; 05/01/2020$3,300.00 $16.50/SF; 05/01/2020$3,300.00 $16.50/SF; 05/01/2020

104104104104

COMMERCIAL INVESTMENT COMMERCIAL INVESTMENT COMMERCIAL INVESTMENT COMMERCIAL INVESTMENT ADVISORSADVISORSADVISORSADVISORS

1,2001,2001,2001,200

$1,8$1,8$1,8$1,888888.708.708.708.70

$18.$18.$18.$18.88889999

ModifiedModifiedModifiedModified

GGGGrossrossrossross

11/08/201311/08/201311/08/201311/08/2013

01/31/201901/31/201901/31/201901/31/2019

Will be vacating upon lease expirationWill be vacating upon lease expirationWill be vacating upon lease expirationWill be vacating upon lease expiration

TOTALSTOTALSTOTALSTOTALS

10,21810,21810,21810,218

$1$1$1$14,1954,1954,1954,195....99999999

$16.$16.$16.$16.67676767

ModifiedModifiedModifiedModified

GrossGrossGrossGross

(1)(1)(1)(1) Tenant pays Landlord the sum of $175.00 per month additional as a utility reimbursement cost.Tenant pays Landlord the sum of $175.00 per month additional as a utility reimbursement cost.Tenant pays Landlord the sum of $175.00 per month additional as a utility reimbursement cost.Tenant pays Landlord the sum of $175.00 per month additional as a utility reimbursement cost.

The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm itsrm itsrm itsrm its accuracy and accuracy and accuracy and accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to the property to determine to the property to determine to the property to determine to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject to change without notice given. subject to change without notice given. subject to change without notice given. subject to change without notice given.

Page 5: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

FINANCIAL SUMMARYFINANCIAL SUMMARYFINANCIAL SUMMARYFINANCIAL SUMMARY

ACTUALACTUALACTUALACTUALSSSS INCOMEINCOMEINCOMEINCOME

Gross IncomeGross IncomeGross IncomeGross Income $1$1$1$170,35270,35270,35270,352 Additional IncomeAdditional IncomeAdditional IncomeAdditional Income (Utility Reimbursement)(Utility Reimbursement)(Utility Reimbursement)(Utility Reimbursement) 2,1002,1002,1002,100 Total Effective IncomeTotal Effective IncomeTotal Effective IncomeTotal Effective Income $1$1$1$172,45272,45272,45272,452 EXPENSESEXPENSESEXPENSESEXPENSES

Real Estate TaxesReal Estate TaxesReal Estate TaxesReal Estate Taxes (201(201(201(2017777)))) $ 20,389$ 20,389$ 20,389$ 20,389 InsuranceInsuranceInsuranceInsurance 1,1,1,1,800800800800 UtilitiesUtilitiesUtilitiesUtilities 6666,,,,555500000000 MMMManagement Feesanagement Feesanagement Feesanagement Fees @ 4%@ 4%@ 4%@ 4% 6,6,6,6,888800000000 Trash RemovalTrash RemovalTrash RemovalTrash Removal 2,5002,5002,5002,500 MMMMaintenance & Repairsaintenance & Repairsaintenance & Repairsaintenance & Repairs 5555,180,180,180,180 LandscapingLandscapingLandscapingLandscaping 2,2802,2802,2802,280 Administrative/AccountingAdministrative/AccountingAdministrative/AccountingAdministrative/Accounting 2,02,02,02,000000000 ReservesReservesReservesReserves 2,2,2,2,555500000000 Total Operating ExpensesTotal Operating ExpensesTotal Operating ExpensesTotal Operating Expenses $ $ $ $ 49,94949,94949,94949,949 NET INCOMENET INCOMENET INCOMENET INCOME $122,503$122,503$122,503$122,503 The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, expressed orrepresentations, expressed orrepresentations, expressed orrepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future perfor future perfor future perfor future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determiormance of the property. You and your advisors should conduct a careful, independent investigation of the property to determiormance of the property. You and your advisors should conduct a careful, independent investigation of the property to determiormance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to ne to ne to ne to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject to change without notice given. subject to change without notice given. subject to change without notice given. subject to change without notice given.

Page 6: NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE …€¦ · NORTH SCOTTSDALE AIRPARK OFFICE BUILDING AVAILABLE FOR LEASE/SALE For More Information Contact: STEVEN J. SCHNITZER

SALES COMPARABLESSALES COMPARABLESSALES COMPARABLESSALES COMPARABLES

Size Size Size Size Price Year CapPrice Year CapPrice Year CapPrice Year Cap

LocationLocationLocationLocation Sales Price Sales Price Sales Price Sales Price Sales Date (SF) Sales Date (SF) Sales Date (SF) Sales Date (SF) per SF Built Rate Comments per SF Built Rate Comments per SF Built Rate Comments per SF Built Rate Comments The Links BuildingThe Links BuildingThe Links BuildingThe Links Building $4,225,000$4,225,000$4,225,000$4,225,000 11/13/201711/13/201711/13/201711/13/2017 15,81615,81615,81615,816 $267$267$267$267 1998199819981998 N/AN/AN/AN/A InvestmentInvestmentInvestmentInvestment 15615 North 7115615 North 7115615 North 7115615 North 71stststst StreetStreetStreetStreet SSSScottsdale, Arizonacottsdale, Arizonacottsdale, Arizonacottsdale, Arizona

Center @ McDowell MountainCenter @ McDowell MountainCenter @ McDowell MountainCenter @ McDowell Mountain $2,$2,$2,$2,999999999999,,,,555500000000 00001111////18181818/201/201/201/2018888 15,69115,69115,69115,691 $191$191$191$191 2002002002004444 N/AN/AN/AN/A InvestmentInvestmentInvestmentInvestment 8330 East Hartford Drive8330 East Hartford Drive8330 East Hartford Drive8330 East Hartford Drive Scottsdale, ArizonaScottsdale, ArizonaScottsdale, ArizonaScottsdale, Arizona 15900 North 78th Street15900 North 78th Street15900 North 78th Street15900 North 78th Street $$$$2,522,522,522,525555,000,000,000,000 00009999////22220000/201/201/201/2017777 13,95213,95213,95213,952 $$$$181181181181 1991991991996666 N/AN/AN/AN/A Buyer intends to occupyBuyer intends to occupyBuyer intends to occupyBuyer intends to occupy ScottsdaleScottsdaleScottsdaleScottsdale, Arizona, Arizona, Arizona, Arizona Northsight 101 CorporateNorthsight 101 CorporateNorthsight 101 CorporateNorthsight 101 Corporate $$$$1,4601,4601,4601,460,0,0,0,044440000 00009999////28282828/201/201/201/2017777 6,6,6,6,348348348348 $2$2$2$230303030 2002002002004 N/A4 N/A4 N/A4 N/A Buyer intends to occupyBuyer intends to occupyBuyer intends to occupyBuyer intends to occupy 14201 North 8714201 North 8714201 North 8714201 North 87thththth Street, Bldg CStreet, Bldg CStreet, Bldg CStreet, Bldg C Scottsdale, ArizonaScottsdale, ArizonaScottsdale, ArizonaScottsdale, Arizona 9831 East Bell Road9831 East Bell Road9831 East Bell Road9831 East Bell Road $1,$1,$1,$1,321,936321,936321,936321,936 07070707////11117777/201/201/201/2017777 6666,512,512,512,512 $$$$222203030303 2002002002005555 N/AN/AN/AN/A Buyer intends to occupyBuyer intends to occupyBuyer intends to occupyBuyer intends to occupy Unit 6 Unit 6 Unit 6 Unit 6 ---- 110110110110 Scottsdale, ArizonaScottsdale, ArizonaScottsdale, ArizonaScottsdale, Arizona

SSSSUBJECT PROPERTYUBJECT PROPERTYUBJECT PROPERTYUBJECT PROPERTY:::: 7825 East Gelding Drive7825 East Gelding Drive7825 East Gelding Drive7825 East Gelding Drive $1,$1,$1,$1,777799999999,000,000,000,000 10,214 10,214 10,214 10,214 $$$$111177776666 1995 6.1995 6.1995 6.1995 6.8888%%%% Scottsdale, ArizonaScottsdale, ArizonaScottsdale, ArizonaScottsdale, Arizona

The informatioThe informatioThe informatioThe information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representationn contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representationn contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representationn contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracs, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracs, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracs, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and y and y and y and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the propeor future performance of the property. You and your advisors should conduct a careful, independent investigation of the propeor future performance of the property. You and your advisors should conduct a careful, independent investigation of the propeor future performance of the property. You and your advisors should conduct a careful, independent investigation of the property trty trty trty to determine to o determine to o determine to o determine to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject to change without notice given. subject to change without notice given. subject to change without notice given. subject to change without notice given.

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PHOTOS OF THE PROPERTYPHOTOS OF THE PROPERTYPHOTOS OF THE PROPERTYPHOTOS OF THE PROPERTY

Large Conference Room with Large Conference Room with Large Conference Room with Large Conference Room with high coffered ceilingshigh coffered ceilingshigh coffered ceilingshigh coffered ceilings and band band band builtuiltuiltuilt----iiiin n n n ccccabinetsabinetsabinetsabinets and a and a and a and a ffffireplaceireplaceireplaceireplace in the cornerin the cornerin the cornerin the corner

Fully Equipped Kitchen with BuiltFully Equipped Kitchen with BuiltFully Equipped Kitchen with BuiltFully Equipped Kitchen with Built----In In In In Refrigerator & DishwasherRefrigerator & DishwasherRefrigerator & DishwasherRefrigerator & Dishwasher

Reception Area in Suite 100Reception Area in Suite 100Reception Area in Suite 100Reception Area in Suite 100

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RENTAL COMPARABLESRENTAL COMPARABLESRENTAL COMPARABLESRENTAL COMPARABLES

Available Office Space For LeaseAvailable Office Space For LeaseAvailable Office Space For LeaseAvailable Office Space For Lease (1,000SF (1,000SF (1,000SF (1,000SF –––– 3,000SF; Scottsdale Airpark; 1.0 Mile Ring)3,000SF; Scottsdale Airpark; 1.0 Mile Ring)3,000SF; Scottsdale Airpark; 1.0 Mile Ring)3,000SF; Scottsdale Airpark; 1.0 Mile Ring)

PROPERTY ADDRESSPROPERTY ADDRESSPROPERTY ADDRESSPROPERTY ADDRESS

BUILDING BUILDING BUILDING BUILDING

SIZESIZESIZESIZE

YEARYEARYEARYEAR BUILTBUILTBUILTBUILT

AVAILABLEAVAILABLEAVAILABLEAVAILABLE SPACE (SF)SPACE (SF)SPACE (SF)SPACE (SF)

RENTALRENTALRENTALRENTAL

RATERATERATERATE

LEASELEASELEASELEASE TYPETYPETYPETYPE

14201 North 8714201 North 8714201 North 8714201 North 87thththth StreetStreetStreetStreet Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

6,3486,3486,3486,348

2004200420042004

1,5001,5001,5001,500----3,0003,0003,0003,000

$24.00$24.00$24.00$24.00

Modified GrossModified GrossModified GrossModified Gross

8591 East Bell Road8591 East Bell Road8591 East Bell Road8591 East Bell Road Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

10,36910,36910,36910,369

2002200220022002

1,5421,5421,5421,542

$21.00$21.00$21.00$21.00

NNNNNNNNNNNN

8147 East Evans Drive8147 East Evans Drive8147 East Evans Drive8147 East Evans Drive Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

11,45711,45711,45711,457

1998199819981998

1,0801,0801,0801,080

$19.00$19.00$19.00$19.00

Full ServiceFull ServiceFull ServiceFull Service

13860 N. Northsight Blvd, Bldg B13860 N. Northsight Blvd, Bldg B13860 N. Northsight Blvd, Bldg B13860 N. Northsight Blvd, Bldg B Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

8,4458,4458,4458,445

2000200020002000

2,4602,4602,4602,460

$22.00$22.00$22.00$22.00

Full ServiceFull ServiceFull ServiceFull Service

7585758575857585----7595 East Redfield Road7595 East Redfield Road7595 East Redfield Road7595 East Redfield Road Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

22,71222,71222,71222,712

1984198419841984

1,4511,4511,4511,451

$18.50$18.50$18.50$18.50

Full ServiceFull ServiceFull ServiceFull Service

15010 North 7815010 North 7815010 North 7815010 North 78thththth WayWayWayWay Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

41,86441,86441,86441,864

2002200220022002

1,0001,0001,0001,000----2,6642,6642,6642,664

$21.00$21.00$21.00$21.00

Full ServiceFull ServiceFull ServiceFull Service

SUBJECT PROPERTY:SUBJECT PROPERTY:SUBJECT PROPERTY:SUBJECT PROPERTY: 7825 East Gelding Drive7825 East Gelding Drive7825 East Gelding Drive7825 East Gelding Drive Scottsdale, AZScottsdale, AZScottsdale, AZScottsdale, AZ

10,21810,21810,21810,218

1997199719971997

1,2001,2001,2001,200

$18.0$18.0$18.0$18.00000

Modified GrossModified GrossModified GrossModified Gross

The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or The information contained herein has been obtained from sources we believe to be reliable, however, we make no warranties or representations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirepresentations, expressed or implied as to the accuracy of the information. It is your responsibility to independently confirm itsrm itsrm itsrm its accuracy and accuracy and accuracy and accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the currentcompleteness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to the property to determine to the property to determine to the property to determine to your satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering isyour satisfaction the suitability of the property for your needs. Buyer bears all risk for any inaccuracies. This offering is subject tsubject tsubject tsubject to change without notice given. o change without notice given. o change without notice given. o change without notice given.

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