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[Secs 16.1 Dunlap] Conservation Laws - II [Secs 2.2, 2.3, 16.4, 16.5 Dunlap]
Dunlap Village Center - LoopNet · Dunlap Village Center is located at the busy intersection of ....
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Dunlap Village Center OFFERING MEMORANDUM 100% OCCUPIED INVESTMENT SW CORNER OF 35TH AVE AND DUNLAP DUNLAP VILLAGE CENTER
Transcript of Dunlap Village Center - LoopNet · Dunlap Village Center is located at the busy intersection of ....
Dunlap Village CenterOFFERING MEMORANDUM 100% OCCUPIED INVESTMENT
SW CORNER OF 35TH AVE AND DUNLAP
DUNLAP VILLAGE CENTER
Kidder Mathews | Dunlap Village Center | Investment Opportunity
The OfferingDunlap Village Center is located at the busy intersection of Dunlap and 35th Avenue, near Metrocenter and I-17. The Phoenix City Council approved a new zoning plan for the 130 acres in and around the Metrocenter regional shopping center, allowing owner Carlyle Development to add more retail, restaurants, senior housing, and healthcare facilities at the mall. New Planned Urban Development zoning permits Metrocenter to grow from 800,000 square feet to 1.6 million square feet, and construct three electronic billboards along Interstate 17 between Peoria and Dunlap roads. Light rail is scheduled to be extended to Metrocenter by 2023.
Investment Summary 3501 W DUNLAP AVE, PHOENIX, AZ 85051
$1,200,000ASKING PRICE
100%OCCUPANCY
$81,459.60NOI
C-2ZONING
7.0%CAP RATE
16,345 SFLAND SIZE
6,430 SFBUILDING SIZE
W Dunlap AveN 35th Ave
Site Plan
Kidder Mathews | Dunlap Village Center | Investment Opportunity
DUNLAP VILLAGE CENTER
Suite Tenants Square Footage
3501 Modern Cuts 1,150 SF
3503 LA Insurance Agency 880 SF
3505 The Frame Mender 800 SF
3507 Q Smoke Shop 1,778 SF
3509 Metro PCS 1,822 SF
Suite 3501
Suite
35
03
Suite
35
05
Suite 3507
Suite 3509
N 3
5th
Ave
W Dunlap Ave
DUNLAP VILLAGE CENTER
METRO CENTER
MANZANITA ELEMENTARY SCHOOL
APOLLO HIGH SCHOOL
AmericasDrive•In
CORTEZ HIGH SCHOOL / ALTA VISTA ELEMENTARY
W Dunlap Ave
N 3
5th
Ave
N 4
3rd
Ave
W Peoria Ave
W Northern Ave
Kidder Mathews | Dunlap Village Center | Investment Opportunity
Dunlap Village Center Market Trends
AREA MAP
5-YEAR MARKET TRENDS
Availability Survey 5-Year Avg Inventory Survey 5-Year Avg
Rent Per SF $11.41 $11.69 Existing Buildings 263 260
Vacancy Rate 18.0% 19.2% Existing SF 6,528,887 6,495,394
Vacant SF 1,173,458 1,247,514 12 Mo. Const. Starts 5,821 8,875
Availability Rate 19.0% 21.1% Under Construction 0 6,526
Available SF 1,241,274 1,369,661 12 Mo. Deliveries 19,963 11,606
Sublet SF 33,465 54,138
Months on Market 25.1 29.7
Demand Survey 5-Year Avg Sales Past Year 5-Year Avg
12 Mo. Absorption SF 190,790 36,407 Sale Price Per SF $194 $88
12 Mo. Leasing SF 258,296 259,000 Asking Price Per SF $230 $190
Sales Volume (Mil.) $33 $39
Cap Rate 7.4% 7.7%
Inventory Survey 5-Year AvgExisting Buildings 263 260Existing SF 6,528,887 6,495,39412 Mo. Const. Starts 5,821 8,875Under Construction 0 6,52612 Mo. Deliveries 19,963 11,606
Availability Survey 5-Year AvgNNN Rent Per SF $11.41 $11.69Vacancy Rate 18.0% 19.2%Vacant SF 1,173,458 1,247,514Availability Rate 19.0% 21.1%Available SF 1,241,274 1,369,661Sublet SF 33,465 54,138Months on Market 25.1 29.7
Sales Past Year 5-Year AvgSale Price Per SF $194 $88Asking Price Per SF $230 $190Sales Volume (Mil.) $33 $39Cap Rate 7.4% 7.7%
Demand Survey 5-Year Avg12 Mo. Absorption SF 190,790 36,40712 Mo. Leasing SF 258,296 259,000
Vacancy Rate NNN Asking Rent Per SF
Net Absorption Probability of Leasing in Months
Copyrighted report licensed to Kidder Mathews - 172278.11/16/2017
Inventory Survey 5-Year AvgExisting Buildings 263 260Existing SF 6,528,887 6,495,39412 Mo. Const. Starts 5,821 8,875Under Construction 0 6,52612 Mo. Deliveries 19,963 11,606
Availability Survey 5-Year AvgNNN Rent Per SF $11.41 $11.69Vacancy Rate 18.0% 19.2%Vacant SF 1,173,458 1,247,514Availability Rate 19.0% 21.1%Available SF 1,241,274 1,369,661Sublet SF 33,465 54,138Months on Market 25.1 29.7
Sales Past Year 5-Year AvgSale Price Per SF $194 $88Asking Price Per SF $230 $190Sales Volume (Mil.) $33 $39Cap Rate 7.4% 7.7%
Demand Survey 5-Year Avg12 Mo. Absorption SF 190,790 36,40712 Mo. Leasing SF 258,296 259,000
Vacancy Rate NNN Asking Rent Per SF
Net Absorption Probability of Leasing in Months
Copyrighted report licensed to Kidder Mathews - 172278.11/16/2017
Inventory Survey 5-Year AvgExisting Buildings 263 260Existing SF 6,528,887 6,495,39412 Mo. Const. Starts 5,821 8,875Under Construction 0 6,52612 Mo. Deliveries 19,963 11,606
Availability Survey 5-Year AvgNNN Rent Per SF $11.41 $11.69Vacancy Rate 18.0% 19.2%Vacant SF 1,173,458 1,247,514Availability Rate 19.0% 21.1%Available SF 1,241,274 1,369,661Sublet SF 33,465 54,138Months on Market 25.1 29.7
Sales Past Year 5-Year AvgSale Price Per SF $194 $88Asking Price Per SF $230 $190Sales Volume (Mil.) $33 $39Cap Rate 7.4% 7.7%
Demand Survey 5-Year Avg12 Mo. Absorption SF 190,790 36,40712 Mo. Leasing SF 258,296 259,000
Vacancy Rate NNN Asking Rent Per SF
Net Absorption Probability of Leasing in Months
Copyrighted report licensed to Kidder Mathews - 172278.11/16/2017
DUNLAP VILLAGE CENTER
Kidder Mathews | Dunlap Village Center | Investment Opportunity
W Dunlap Ave N 35th Ave
31,492+ DAILY31,819+ DAILY
Investment Contacts:
kiddermathews.comThis information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.
DunlapVillage Center
Jenette Bennett, CCIM602.513.5113 [email protected] LIC #SA557543000
W Dunlap Ave
N 35th A
ve
