Embed Size (px)
Citation preview
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
Venture Court :: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A 8 5 0 8 6
F O R S A L E
P R O J E C T F E AT U R E S
: : Located in the master-planned community of Anthem
:: Excellent freeway visibility east of I-17 and south of West Anthem Way exit
: : Strong Medical and Office tenancy throughout the project
: : NNN Investments with well established groups & guaranteed leases
N O W A V A I L A B L E
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.4526 direct 602.616.8177 cell [email protected]
LO C AT I O N O V E R V I E W
• Located in the rapidly growing, family-friendly master-planned community of Anthem.
• Excellent freeway visibility east of I-17 and south of West Anthem Way.• Fully built out medical suite.• Across from Spectrum Retirement Communities, a 150,000 sf Assisted Living
facility (160 units) providing independent , assisted, and memory care options.• Adjacent to proposed Honor Health medical facility.
D E M O G R A P H I C S
• Population: +/- 30,000 (10,106 existing homes; additional 202 by the end of 2018).
• Median household income: $78,834.• Median age: 38.
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.526 direct 602.616.8177 cell
B U L D I N G S U M M A R Y
Building Size: 5,689 RSF
Parking Ratio: 5.2 / 1,000
P R O J E C T O V E R V I E W
Building E is part of a 57,000 SF medical and professional office building project
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
Copyright © 2019 Plaza Companies. All rights reserved. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
Venture Court :: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.526 direct 602.616.8177 cell
Year 1 Year 2 Year 3 Year 4 Year 5
For the Years Ending Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023
___________ ___________ ___________ ___________ ___________
Potential Gross Rev enue
Base Rental Rev enue $95,588 $97,145 $99,887 $102,614 $114,838
Absorption & Turnov er Vacancy (1,252)
Base Rent Abatements (18,162) (213)
___________ ___________ ___________ ___________ ___________
Scheduled Base Rental Rev enue 77,426 95,680 99,887 102,614 114,838
Expense Reimbursement Rev enue 37,936 41,765 45,584 46,732 48,199
___________ ___________ ___________ ___________ ___________
Total Potential Gross Rev enue 115,362 137,445 145,471 149,346 163,037
___________ ___________ ___________ ___________ ___________
Ef f ectiv e Gross Rev enue 115,362 137,445 145,471 149,346 163,037
___________ ___________ ___________ ___________ ___________
Operating Expenses
Insurance 2,990 3,065 3,141 3,220 3,300
Maint & Repairs 2,688 2,814 2,884 2,956 3,030
HVAC 2,453 1,125 1,154 1,183 1,212
Electric - Utiliities 895 923 946 969 993
Electric - Recov eries (895) (923) (946) (969) (993)
Management Fees 3% 3,461 4,123 4,364 4,480 4,891
Common Area 16,728 17,065 17,492 17,929 18,377
Real Estate Taxes 15,753 16,147 16,550 16,964 17,388
___________ ___________ ___________ ___________ ___________
Total Operating Expenses 44,073 44,339 45,585 46,732 48,198
___________ ___________ ___________ ___________ ___________
Net Operating Income 71,289 93,106 99,886 102,614 114,839
___________ ___________ ___________ ___________ ___________
Leasing & Capital Costs
Tenant Improv ements
Leasing Commissions 5,017
Security Deposits (3,683)
Inv estment of Capital 3,683
Distribution f rom Inv estment
Deposit Ref und
___________ ___________ ___________ ___________ ___________
Total Leasing & Capital Costs 5,017
___________ ___________ ___________ ___________ ___________
Cash Flow Bef ore Debt Serv ice $66,272 $93,106 $99,886 $102,614 $114,839
& Taxes =========== =========== =========== =========== ===========
Schedule Of Prospectiv e Cash Flow
In Inf lated Dollars f or the Fiscal Year Beginning 1/1/2019
41810
41810 N. Venture Driv e
Building E
Anthem, Arizona 85086
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
Venture Court :: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A
A B O U T T H E A N T H E M CO M M U N I T YAnthem is an unincorporated master planned community in north central Maricopa County. It was founded by Del Webb in 1999 and initially built out in 2008. A new development will add 202 homes to the community by 2020.
It was awarded “Best Master Planned Community” in 2001, named one of Phoenix Magazine’s “Best Family-Friendly Neighborhoods” in 2012 and awarded “Best Master Planned Community for Children” in 2016. Anthem is home to residential, commercial, office, industrial and public uses, making it unique as a master planned community. From award-winning parks to quality landscaping, sports programs for all ages to trails, golf courses and more, Anthem is home to more than 27,000 residents and nearly 300 store-front businesses.
• 27,000 residents (approx.) • 1,400 acres of protected washes and open space
• 10,106 homes (plus 202 by 2020) • $78, 834 median household income
• 3 homeowners’ associations • 38.3 years median resident age
• 5,920 acres (9.25 sq. miles) of land • $273,552 average price of homes sold (Parkside)
• 15 miles of walking, biking and pedestrian trails
• 17 miles to Phoenix (south to the 101 loop)
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.526 direct 602.616.8177 cell
O V E R V I E W
• NNN investment with below market rates.
• Staggered Lease expirations providing stability.
• Unique opportunity for Ownership in the quality commercial development within Anthem
• Tenants in the Building are Desert West Obstetrics, Gynecology and Peak Medical and Schaffer Vision.
F O R S A L E - P R O P E R T Y S U M M A R Y
Building Size: 5,689 RSF
Total Leased: 5,689 RSF (100%)
Total Vacant: 0 RSF (0%)
Asking Price: $1,520,000.00
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
Copyright © 2019 Plaza Companies. All rights reserved. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
Venture Court :: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A
SHELL
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.526 direct 602.616.8177 cell
Copyright © 2019 Plaza Companies. All rights reserved. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
:: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A
Venture Court
B U I L D I N G E
5 , 6 8 9 R S F
BUILDING FOR SALE
BUILDING E
F O R M O R E I N F O R M AT I O N
: : M A R G A R E T L LOY D Senior Vice President 623.344.4558 direct 602.828.7214 cell [email protected]
: : B I L L CO O K Senior Vice President 623.344.526 direct 602.616.8177 cell
Copyright © 2019 Plaza Companies. All rights reserved. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
P L A Z A C O M PA N I E S : : P E O R I A | S C O T T S D A L E : : P 6 2 3 . 9 7 2 . 1 1 8 4 | F 6 2 3 . 9 7 2 . 5 5 5 4 : : W W W . T H E P L A Z A C O . C O M
:: P R O F E S S I O N A L P L A Z A4 1 8 1 0 N O R T H V E N T U R E D R I V E | B U L I D I N G E | A N T H E M , A R I Z O N A
Venture CourtSorry! When printing directly from the browser your directions or map may not print correctly. For best results, try clicking the Printer-Friendly button.
[1500-1598] W Anthem WayPhoenix, AZ 85086
Directions and maps are informational only. We make no warranties on the accuracy of their content, road conditions or route usability or expeditiousness. You assume all risk of use. MapQuest and its suppliers shall not be liable to you for any loss ordelay resulting from your use of MapQuest.
Page 1 of 1Map of [1500-1598] W Anthem Way Phoenix, Arizona by MapQuest
5/19/2010http://www.mapquest.com/maps?city=Phoenix&state=AZ&address=%5B1500-1598%5D...
S I T E P L A N
