EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking...
Transcript of EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking...
WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate BrokerFOR MORE INFORMATION CONTACT:
[email protected] (P) 602.759.1209 (C) 520.975.5207KLCommercialGroup.comThe information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of theproperty for the Purchaser’s needs.
PROPERTY HIGHLIGHTS
• Very low rents
• Monument Sign /signage available.
• Tenants: Capacity Mgt LLC, SDA Mundo, Li, White Mtn. Dermatology,
Hair Saloon, What the Hell Restaurant/ Bar.
• One of the fastest growing areas in the US
• Two of the best cities to find a job in the U.S. are in the PHX East Valley.
• East Valley becomes a hotbed for innovation and a great place to live
• Eastmark- DMB
• Phoenix-Mesa Gateway Airport
• Superstition Vistas
• 17.00 % Vacancy
Investment Property – CAP 7.00 % - Retail - Office Strip Center7303 E. MAIN STREET , MESA, AZ
EXECUTIVE SUMMARY
OFFERING SUMMARY
Offering Price: $1,500,000
Cap Rate: 7.0%
NOI: $103,387
Lot Size: 1.69 Acres
Building Size: 17,980 SF
Year Built: 1989
Zoning: C-2
7303 E. Main Street , Mesa, AZ, 85207
UNITS:LOT SIZE: 1.69 AC
BUILDING SIZE: 17,980 SF
PARCEL: 218—18-001Q
COOLING/HEATING:PARKING:ROOF:CONSTRUCTION:BUILT: 1989
UTILITIES:ZONING: C-2
LAUNDRY:
Directions:
SITE INFORMATION
PROPERTY DESCRIPTION
East Valley is comprised of cities such as Tempe, Mesa, Chandler, ApacheJunction, Gilbert and the Town of Queen Creek. It is a national initiative toadvance business and quality of life in this region, including expansion ofhigh-tech job growth. The East Valley has become an ideal location for thoseseeking an environment that is well-suited for innovative entrepreneurs aswell as prospering businesses looking to expand and/or relocate. ThePhoenix Mesa Gateway Airport expansion and the 275-square-mileSuperstition Vista project that is master-planned for 800,000 people as wellas major projects in the PHX East Valley.
Situated at the convergence of several Valley freeways
$1,500,000 Offering Price$1,500,000 Down Payment
Proposed Loan (%)
Projected Cash Flow$103,387 NOI
- Loan Payments$103,387 Annual Cash Flow
Return on Investment$103,387 / $1,500,000 6.89% (Cash on Cash)
INCOME & EXPENSESCURRENT PROFORMA
Units Mix Size (sf) Rent Rent/sf Total Rent Total
0 0 0 0
Investment Property – CAP 7.00 % - Retail -Office Strip Center
Gross MonthlyIncome
$17,523
Gross OperatingIncome
$178,204
Less EstimatedExpenses
-$74,817
Net OperatingIncome
$103,387
Estimated AnnualExpenses
TOTAL $74,817
Per Unit / SF - / $4.16
FINANCING AND INVESTMENT RETURN
Current RentsOffering Price $1,500,000Price / Unit -Price / sf $83.43Cap Rate 7.0%GRM 7.1
SALE INFORMATION
Investment Property – CAP 7.00 % - Retail - Office Strip Center7303 E. MAIN STREET , MESA, AZ
INVESTMENT SUMMARY
WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate BrokerFOR MORE INFORMATION CONTACT:
[email protected] (P) 602.759.1209 (C) 520.975.5207KLCommercialGroup.comThe information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of theproperty for the Purchaser’s needs.
WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate BrokerFOR MORE INFORMATION CONTACT:
[email protected] (P) 602.759.1209 (C) 520.975.5207KLCommercialGroup.comThe information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of theproperty for the Purchaser’s needs.
Investment Property – CAP 7.00 % - Retail - Office Strip Center7303 E. MAIN STREET , MESA, AZ
ADDITIONAL PHOTOS
WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate BrokerFOR MORE INFORMATION CONTACT:
[email protected] (P) 602.759.1209 (C) 520.975.5207KLCommercialGroup.comThe information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of theproperty for the Purchaser’s needs.
Investment Property – CAP 7.00 % - Retail - Office Strip Center7303 E. MAIN STREET , MESA, AZ
LOCATION MAPS
WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate BrokerFOR MORE INFORMATION CONTACT:
[email protected] (P) 602.759.1209 (C) 520.975.5207KLCommercialGroup.comThe information contained herein is from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of theproperty for the Purchaser’s needs.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 12,197 89,031 232,145
Median age 46.6 47.2 43.4
Median age (Male) 46.1 45.8 42.3
Median age (Female) 46.8 48.4 44.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 5,548 38,410 94,061
# of persons per HH 2.2 2.3 2.5
Average HH income $46,543 $56,171 $64,652
Average house value $120,540 $167,683 $205,685
* Demographic data derived from 2010 US Census
Investment Property – CAP 7.00 % - Retail - Office Strip Center7303 E. MAIN STREET , MESA, AZ
DEMOGRAPHICS MAP & REPORT