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FOR SALE • $8,900,000...housing and serviced apartment solutions through its two well-known...
Transcript of FOR SALE • $8,900,000...housing and serviced apartment solutions through its two well-known...
W Warner Rd
S Harl Ave
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. Data Source: CoStar 2019 Effective 04 10 19
Leroy BreinholtD 480.966.6593M [email protected]
David BeanD 480.214.1105M [email protected]
Cory SposiD 480.621.4025M [email protected]
Cory BreinholtD 480.889.2569M [email protected]
8945 S Harl Ave | Tempe, AZ 85284±55,221 SF Free-Standing Bldg
FOR SALE • $8,900,000100% Occupied - 6.48% CAP Rate
1.00% buyer broker fee offered
FOR SALE: $8,900,000100% Occupied - 6.48% CAP 6.48% CAP
PROPERTY DETAILS:• ±55,221 SF Industrial/Flex Bldg• ±5.37 Acres; APN: 301-59-845• 51% of GLA occupied by credit tenants• 5.1/1,000 Parking ratio• 7 GL Doors• Power: 277/480V, 2,500 A, 3P• High speed data line• HVAC unit info:
- 33 Package heat pumps (repaired as needed, costs included in reimbursable opex) - 12 Evaporative coolers (all were replaced in 2Q 2014 shortly after acquisition)
• Fitness center is being contemplated for part of that vacant lot surrounded partially by Harl and Greentree
• Walking distance to restaurants & amenities• Immediately Off I-10 & Warner Rd
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. Data Source: CoStar 2019 Effective 04 10 19
Leroy BreinholtD 480.966.6593M [email protected]
David BeanD 480.214.1105M [email protected]
Cory SposiD 480.621.4025M [email protected]
Cory BreinholtD 480.889.2569M [email protected]
8945 S Harl Ave | Tempe, AZ 85284±55,221 SF Free-Standing Bldg
144'
-7"
72'-2
"48
'-7"
161'-2"
71'-1
0"
LEASEEXPIRATION
03/31/2021
12/31/2017
(THIS LEASE BOOK IS PRELIMINARY IN NATURE AND IS SUBJECT TO CHANGE)
05/31/2020
10/31/2016
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112 110
AGAVE BUSINESS CENTER TENANCYSUITE SQ FT TENANT TERM EXPIRATION102/104 24,140 Logicalis, Inc 12/31/2022
106 11,661 SCP Distributors, LLC 7/24/2020
108 11,583 Oakwood Worldwide Corporate Housing, Inc 3/31/2021
110 3,594 Ninja Warriors 9/30/2024
112 4,243 Tomy International Inc 9/30/2025
Bldg 55,221
AGAVE BUSINESS CENTER PROFORMAINCOME Pro Forma 100% Occupancy
Pro Forma Rental Income (August 1, 2019- July 31, 2020) $619,239.86
Less 5% vacancy and reserve -$30,961.99
TOTAL INCOME: $588,277.87
OPERATING EXPENSES
NNN leases - Expenses are reimbursed by tenants
Assumed 5% costs for reimbursable expenses based on 5% vacancy (budgeted $4.32 PSF annual expenses)
$11,927.77
TOTAL OPERATING EXPENSES: $11,927.77
NET OPERATING INCOME: $576.350.10
CAP RATE: 6.48%SALES PRICE: $8,900,000.00SQUARE FEET 55,221PRICE PER FOOT $161.17
S H
arl
Ave* Disclaimer: This pro forma is solely for marketing potential investment opportunities. All financial information on the property
should be verified by potential buyers prior to submitting offers and/or purchasing.
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. Data Source: CoStar 2019 Effective 04 10 19
Leroy BreinholtD 480.966.6593M [email protected]
David BeanD 480.214.1105M [email protected]
Cory SposiD 480.621.4025M [email protected]
Cory BreinholtD 480.889.2569M [email protected]
8945 S Harl Ave | Tempe, AZ 85284±55,221 SF Free-Standing Bldg
Logicalis is a United Kingdom-based information and communications technology (ICT) infrastructure and service provider. The company is owned by Johannesburg, South Africa-based multinational ICT solutions and services group Datatec. www.logicalis.com
SCP Distributors LLC is part of a distribution network that leads the pack as the world’s largest wholesale distributor of swimming pool supplies, equipment and related leisure products.www.scppool.
com
TOMY International (www.tomy.com) is a leading global designer, producer and marketer of innovative, high-quality toys sold to children and adults under the TOMY, ERTL brands as well as products for parents, infants and toddlers under The First Years, Lamaze, JJ Cole Collections and Boon brands. www.tomy.com
Oakwood Worldwide®, based in Los Angeles, California, is the leading provider of corporate housing and serviced apartment solutions through its two well-known brands, Oakwood® and ExecuStay®. Both brands provide move-in-ready furnished housing designed to meet the needs of business travelers on long- and short-term assignments. Oakwood has access to the largest selection of housing options and a presence in all 50 United States and more than 55 countries. ExecuStay is the preferred corporate housing partner of Marriott® International and is the only corporate housing brand where guests can earn Marriott Rewards® points for stays at any ExecuStay location in the U.S. www.oakwood.com
AGAVE BUSINESS CENTER TENANTS
We offer a truly unique fitness experience for all ages. Whether you are looking to make a transformation, have a kid with “Ninja Fever” or have aspirations to be a competitive Ninja. We are here to help. So, I invite you to take a look around and see what best fits you. www.ninjaacademy.com
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. Data Source: CoStar 2019 Effective 04 10 19
Leroy BreinholtD 480.966.6593M [email protected]
David BeanD 480.214.1105M [email protected]
Cory SposiD 480.621.4025M [email protected]
Cory BreinholtD 480.889.2569M [email protected]
8945 S Harl Ave | Tempe, AZ 85284±55,221 SF Free-Standing Bldg
W Ray Rd
W Warner Rd
W Chandler Rd
TEMPEAUTOPLEX
FOOTHILLSCORPORATE
PARK
INTELCHANDLER CAMPUS
SITE
TRAFFIC COUNTSCollection Street Cross Street Traffic Vol DistanceW Warner Rd S Harl Ave E 32,320 0.15 miI- 10 E Warner Rd 6,988 0.32 miS Priest Dr W Knox Rd 22,291 0.36 miI- 10 E Warner Rd 186,879 0.48 mi
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. Data Source: CoStar 2019 Effective 04 10 19
Leroy BreinholtD 480.966.6593M [email protected]
David BeanD 480.214.1105M [email protected]
Cory SposiD 480.621.4025M [email protected]
Cory BreinholtD 480.889.2569M [email protected]
8945 S Harl Ave | Tempe, AZ 85284±55,221 SF Free-Standing Bldg