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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
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.
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.
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.
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.
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.
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
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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