Duskfire Professional Center - LoopNet...unEmploymEnt insurancE + 0.82% on first $7,000/employee =...
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Brandon Koplin • [email protected] DUSKFIRE PROFESSIONAL CENTER STABILIZED. VALUE ADD. OFFICE INVESTMENT. 1 & 51 W. ELLIOT RD | TEMPE, AZ 85284 EXCLUSIVE CONTACT: Brandon Koplin D 480.214.1103 M 602.373.4717 [email protected] PRICE REDUCED
Transcript of Duskfire Professional Center - LoopNet...unEmploymEnt insurancE + 0.82% on first $7,000/employee =...
DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
Duskfire Professional Center
staBiliZeD. Value aDD. offiCe inVestMent.1 & 51 W. elliot rD | teMPe, aZ 85284
EXCLUSIVE CONTACT:Brandon KoplinD 480.214.1103M [email protected]
PRICE REDUCED
DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
SALE
INFO
Address 1 & 51 W. Elliot RoadTempe, AZ 85284
Number of Buildings 3Year Built 1986Total Square Feet ±24,356Parcel No. 301-52-247Zoning R-OVacancy 20%Class BTenancy MultiFrontage W. Elliot Road
1 MI 3 MIPopulation 12,988 126,491Households 5,272 51,420Average Age 37.30 37.30Median HH Income $76,454 $68,047
Building Information
Demographics
• ±1.96AcreofLand• MonumentSignage• 3.7/1,000RSFParkingRatio• RecentRenovationsInclude:NewRoof,ParkingSlurry,NewStucco,NewFascia,&TenantImprovements
Property Features
The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to prior sale, lease, or withdrawal from the market without prior notice. Effective 03 12 19
Actual Pro-FormaGross Income $325,743 $403,733Expenses $128,693 $140,497Net Income $200,109 $263,235Purchase Price $2,695,000 $2,695,000Vacancy 20.0% 0%Cap Rate 7.43% 9.74%
EXCLUSIVE CONTACT: Brandon KoplinD 480.214.1103M [email protected]
Scottsdale
Fountain Hills
Mesa
GilbertChandler
Tempe
Phoenix
Glendale
Tolleson
Avondale
SurprisePeoria
Queen Creek
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DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
DUSKFIRE PROFESSIONAL CENTER
W. Elliot Road (33,036 VPD)
S. M
ill A
venu
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1 W. Elliot Road 51 W. Elliot Rd
DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
112 114 111 113 108 110
109106104
105101
101E 101B
101D
1 W. Elliot Road
LEASED
VACANT
DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
51 W. Elliot Road
LEASED
VACANT
112 109 108 110 111
101105 104 103 102106
DUSKFIRE PROFESSIONAL CENTER | TEMPE, AZ 85284 INVESTMENT SALEBrandon Koplin • [email protected]
+ Top job growth rate in the nation 2007+ Private-sector jobs as of mid-2007: 1,714,600+ Unemployment rate as of mid-2007: 3.0% Nation’s Fourth Lowest+ Private-sector trend since mid-2002: Added 325,100 jobs
+ One-year growth rate: 3.2%+ New jobs per week: 1,250+ Five-year growth rate: 23.4% Quadruple the National Rate
+ Workforce age 16+: 91,300 Tempe residents + Workforce in Tempe: 175,000+ Tempe Management/Executive positions: 36%+ Tempe mean travel time to work: 21 minutes
+ ACCRA Cost of Living Index Rate: 101+ Phoenix Metropolitan Area ranked second lowest in a Boyd Co. study of administrative-office costs for metro areas.
JOB GROWTH IN GREATER PHOENIX METROPOLITAN AREA
Construction 6,254
Industry# TempeResidentsEmployed
Manufacturing 7,536
Retail Trade 11,100
Transportation, Warehousing, Utilities, and Wholesale 6,600
Finance and Insurance, and Real Estate and Rental and Leasing 9,000
Professional, Scientific, and Information Services 11,000
Education and Health Care 19,665
Arts, Tourism and Hospitality 17,750
Public Administration 15,750
Business Owners 4,129
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FINANCE RATING, TAX RATES
tEmpE bond ratingFitch AAA Rating Moody’s Aa1 RatingStandard & Poor’s AAA Rating
tEmpE rEal and pErsonal propErty tax+ Primary City Rate $.52 for every $100 in assessed value+ Secondary City Rate $.83 for every $100 assessed value
unEmploymEnt insurancE+ 0.82% on first $7,000/employee = $57.40+ For new companies, the rate is 2.7% for two calendar years, then is set by Arizona Department of
Economic Security based on experience. The 0.82% is an average rate of all companies in Arizona
workErs compEnsation+ Arizona annual composite worker costs are among the lowest in the nation+ The National Council on Compensation Insurance determines coverage rates as endorsed by the
Arizona Department of Insurance+ Price is based on DOI-approved schedule ratings or rate deviations and on the dividend
performance of each carrier+ Companies may choose from three methods to insure employees + Self-insurance + Private carrier policy + State Fund
TRANSACTION PRIVILEGE TAX
CORPORATE INCOME TAX
8.1%
6.968%TEMPE
1
3
2
1 State2 City
3 County
5.6%1.8%
0.7%
TOTAL 8.1%TOTAL 7.4%
USE TAX
7.4%
TEMPE
1 State
2 City
5.6%
1.8%
1
2
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