EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking...

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WALTER UNGER, CCIM CCIM, CCSS, CCLS, Senior Associate Broker FOR MORE INFORMATION CONTACT: [email protected] (P) 602.759.1209 (C) 520.975.5207 KLCommercialGroup.com The 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 or representation about it. The Purchaser is advised to independently verify the accuracy and completeness of the information in order to determine the suitability of the property 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 Center 7303 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

Transcript of EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking...

Page 1: EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking to expand and/or relocate. The Phoenix Mesa Gateway Airport expansion and the 275-square-mile

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

Page 2: EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking to expand and/or relocate. The Phoenix Mesa Gateway Airport expansion and the 275-square-mile

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.

Page 3: EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking to expand and/or relocate. The Phoenix Mesa Gateway Airport expansion and the 275-square-mile

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

Page 4: EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking to expand and/or relocate. The Phoenix Mesa Gateway Airport expansion and the 275-square-mile

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

Page 5: EXECUTIVE SUMMARY Investment Property – CAP 7.00 % ... · well as prospering businesses looking to expand and/or relocate. The Phoenix Mesa Gateway Airport expansion and the 275-square-mile

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