Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM...

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Mary Jo Kirk, CCIM 928.710.4045 [email protected] Dan Frederiksen, CCIM 928.583.2579 [email protected] Exclusive Representation Professional Office Central Downtown Prescott 240 S. Montezuma, Prescott, Arizona 240 S. Mon- tezuma SUITE 100 712 SF $12/sf/yr SUITE 101 1,752 SF $12/sf/yr SUITE 105 1,130 SF $14/sf/yr SUITE 106 1,285 SF $12/sf/yr SUITE 202B 1,200 SF $12/sf/yr SUITE 204 423 SF $12/sf/yr SUITE 208 875 SF $12/sf/yr NNN $6.77 THE NNN’S INCLUDE UTILITIES Prescott Professional Court ___________________________________________________________________________________________________ Central to Downtown’s Walkable Core Excellent Access and Visibility Monument Signage On Site Parking, Front and Rear of the Building 1 Block from the City’s 4-Story Parking Garage Handicapped Accessable Zoned - Downtown Business District Serviced by Elevator and 2 Exterior Stairways Common Men’s and Women’s ADA Restrooms (4) Recently Painted Exterior Rent Incentives Available. TI’s Negotiable

Transcript of Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM...

Page 1: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Mary Jo Kirk, CCIM

[email protected]

Dan Frederiksen, CCIM

[email protected]

Exclusive Representation

Professional Office Central Downtown Prescott 240 S. Montezuma, Prescott, Arizona

240 S. Mon-tezuma

SUITE 100 712 SF $12/sf/yr

SUITE 101 1,752 SF $12/sf/yr

SUITE 105 1,130 SF $14/sf/yr

SUITE 106 1,285 SF $12/sf/yr

SUITE 202B 1,200 SF $12/sf/yr

SUITE 204 423 SF $12/sf/yr

SUITE 208 875 SF $12/sf/yr

NNN $6.77

THE NNN’S INCLUDE UTILITIES

Prescott Professional Court___________________________________________________________________________________________________

Central to Downtown’s Walkable Core

Excellent Access and Visibility

Monument Signage

On Site Parking, Front and Rear of the Building

1 Block from the City’s 4-Story Parking Garage

Handicapped Accessable

Zoned - Downtown Business District

Serviced by Elevator and 2 Exterior Stairways

Common Men’s and Women’s ADA Restrooms (4)

Recently Painted Exterior

Rent Incentives

Available.

TI’s Negotiable

Page 2: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 3

Floor Plans

First Floor

Second Floor

240 S. Mon-tezuma

SUITE 100 712 SF $12/sf/yr

SUITE 101 1,752 SF $12/sf/yr

SUITE 105 1,130 SF $14/sf/yr

SUITE 106 1,285 SF $12/sf/yr

SUITE 202B 1,200 SF $12/sf/yr

SUITE 204 423 SF $12/sf/yr

SUITE 208 875 SF $12/sf/yr

NNN $6.77

THE NNN’S INCLUDE UTILITIES

Page 3: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 2

Prescott Professional Court is a 12,760 square foot multi-tenant officebuilding situated in the very desirable trade area of downtown Prescott,Arizona, one block from the Courthouse Square.

Highlights

Highlights________________________________________________________________________

• Location: ideally positioned on State Route 89 with excellent proximityto the Yavapai County Courthouse Square which is not only the countyseat but the focal point of the Downtown Business District.

• Dense Downtown Core drawing significant traffic to the trade area andthe property with diverse dining, great shops, art galleries and endlessevents.

• Strong Co-Tenant Mix:National, regional and local Tenants, with attorneys,state agencies, and nationally affiliated companies.

• Located in the Largest MSA North of the Phoenix Metro Area, theproperty benefits from a large trade area with a population of over45,326 residents within a 5 mile radius.

• Well Managed Property with local management.

• Signage: Monument and building signage provide excellent visibility.

• Parking: Off-street parking, rare in the Downtown Business District,with a 4-story free city parking garage within one block.

Page 4: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 4

1 Courthouse Square

2 Sharlott Hall Museum

3 Chase Bank

4 The Wild Iris Coffee House

5 El Gato Azul

6 Mile High Middle School

7 City Parking Lot/Garage

8 National Bank of Arizona

9 Marino’s Bistro

10 Yavapai Title Company

11 Keller Williams Realty

12 Genovese's

13 Hotel & Caffe' St Michael

14 Palace Restaurant

15 Highland Hotel

16 Prescott Lobster & Seafood Co.

17 Pangea Bakery

18 Monk’s Cafe

19 Peregrine Books

20 Wells Fargo Bank

21 Murphy's Restaurant

22 Raven Café

23 Papa's Downtown

24 Territorial Courthouse Membership Gym

25 The Office Restaurant

26 Bashford Courts

27 Chamber of Commerce

28 Post Office

29 Cuppers Coffee House

30 Hotel Vendome

31 The Rose Restaurant

32 Foxworth Galbraith

33 Cross Fit

34 Mountain Artist Guild

35 Northern Arizona Coalition of Governments Economic Workforce Development

36 Prescott Fine Arts

37 Hassayampa Inn and Event Center

38 Washington School

39 City Hall

40 Springhill Suites by Marriott

41 Depot Marketplace

A Vibrant Downtown___________________________________________________Downtown Events AttendeesMonthly Downtown Gallery Art Walk_________________________________________________Whiskey Mountain Bike Festival/Race 15,000_________________________________________________Arizona Craft Brewers Guild Tasting_________________________________________________Whiskey Row Marathon 7,000_________________________________________________Saint Patricks Day Celebration and Pub Crawl_________________________________________________Mustang Car Show and Cruise _________________________________________________Cinco de Mayo Music and Food Tasting_________________________________________________26th Annual Arts and Crafts Memorial Day Show 5,000_________________________________________________Frontier Days and Oldest Rodeo in the World 40,000_________________________________________________Frontier Days Parade & Shoot Out on Whiskey Row_________________________________________________17th Annual Indian Art Market 5,000_________________________________________________Summer Weekly Music & Events 7,000/wk_________________________________________________Cowboy Poets Gathering 3,000_________________________________________________Prescott Corvette Car Show_________________________________________________Annual Holiday Light Parade_________________________________________________60th Annual Courthouse Lighting 10,000_________________________________________________32nd Annual Christmas Parade_________________________________________________Acker Music Festival 10,000_________________________________________________New Years Eve Whiskey Row Boot Drop 8,000_________________________________________________

Location

The information contained herein has been obtained from sources believed reliable. While we do not doubt itsaccuracy we have not verified it and make no guarantee, warranty or representation about it. It is your re-sponsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions,or estimates used are for example only and do not represent the current or future performance of the property.The value of this transaction to you depends on tax and other factors which should be evaluated by your tax,financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of theproperty to determine to your satisfaction the suitability of the property for your needs.

“Best Place to Live.” – Money Magazine

“One of the Top Retirement Towns.” – Top Retirements.com

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Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 5

Phoenix 90 mi.

Flagstaff 90 mi.

Las Vegas 200 mi.

Los Angeles 300 mi.

San Diego 300 mi.

Albuquerque 400 mi

Location Map

The City of Prescott is located 90 miles northwest of Phoenix in an area described as the the Central Highlands.Prescott is easily accessible through a number of major thoroughfares, including Arizona Highways 69, 89, 89Aand 169. Interstate 17, which is ± 36 miles southeast of the community, can be reached via Arizona Highway 69or 169. Additionally Interstate 40 can be accessed via Highway 89, just 50 miles north of Prescott. The PrescottMunicipal Airport, is 7 miles from downtown Prescott with flights to Los Angeles and Denver, and 96 milesfrom Phoenix Sky Harbor International Airport to the south.

Page 6: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 6

The City of Prescott is noted by its quality of life, nicknamed “Everybody’s Hometown”. At an elevation of 5,400 feet with a nearperfect 4-season climate, it is a highly desirable place to live and work. It offers very low crime rates, easy commuting, affordablehousing, excellent air quality and a wide variety of recreational and cultural attractions. Prescott faces few natural disasters making itideal for companies considering relocating or expanding.

Prescott offers residents a full range of educational, outdoor and cultural activities. There are 20 public schools and five charter schoolsoperated by the Prescott Unified School District in Prescott as well as four private schools. Four colleges include Prescott College(4 year) Yavapai College (2 year), Embry-Riddle Aeronautical University (4 year). Northern Arizona University and Old DominionUniversity also offer higher education through their satellite campuses.There are 12 parks for hiking and picnicking, five lakes forfishing and water activities, more than 70 miles of hiking and biking trails, two activity and community centers and four golf courses.Cultural activities include plays and performances at four performing arts theaters, three historical museums, a children’s museum andthe Heritage Park Zoo.

Prescott’s quaint, small town and slower paced lifestyle appeals most to those nearing retirement as 54% of the population is 45 andolder. The City has retained it’s small town charm with historic buildings, storefronts and Victorian style homes. Over 800 buildingsin Prescott are on the National Register of Historic Places.

Prescott Overview

“ Third in the country for job growth and economic vitality.”

– INC. Magazine

City of Prescott Snapshot2013 Estimated Population 51,688_________________________________2018 Projected Population 52,710_________________________________2010 Census Population 51,295_________________________________2000 Census Population 40,490_________________________________Growth 2010-2013 0.77%_________________________________Growth 2013-2018 3.5%_________________________________2013 Estimated Median Age 54.48_________________________________2013 Estimated Average Age 48.97

Whiskey Row, Downtown Prescott

Page 7: Professional Office Central Downtown Prescott 240 S. … · 2017-06-27 · Mary Jo Kirk, CCIM 928.710.4045 mjkirk@arizonacommercial.net Dan Frederiksen, CCIM 928.583.2579 dan@arizonacommercial.net

Prescott Professional Court, 240 S. Montezuma, Prescott, Arizona I Lease Opportunity Mary Jo Kirk, CCIM 928.710.4045 I Dan Frederiksen, CCIM 928.583.2579 I Arizona Commercial I Page 7

The Prescott Metropolitan Service Area houses 82,500 residents within the combined city limits with a population base of approximately130,000. The trade area is approximately 220,000, the majority of those living within a 10 mile radius of downtown Prescott. The city’sgrowth has been steady at about 4% per year for the past decade and is expected to continue at that rate with an estimated five yearmarket growth projected at 16.2% within a 30 mile radius. Prescott has settled into a strong pace of economic recovery, with employment3.5% higher than a year ago. The unemployment rate is at 5.9% well below the national average of 6.3%. In addition, every majorindustry other than information is growing on a year-over-year basis. The trade, transportation and utilities sector is the largest industryin the metro area and has also been one of the strongest. Employment in that industry has reached its prerecession peak and is now5.0 % higher than a year earlier. Professional & business services are also joining the recovery with payrolls climbing a whopping 8.%higher over the year.

The retail service area extends 50 miles from the center of Prescott. Many residents in outlying areas travel to Prescott for medicalservices, employment, entertainment, government offices and shopping. Approximately 500,000 visit overnight each year. Those visitorsinclude a growing number of people from the Phoenix area, who make the 90 minute trip during the summer to escape the desert heat,as well as the fall and winter visitors looking to take advantage of the year round mild and sunny climate. Population gains, which arerunning more than twice the national average thanks to positive net migration, should help move home sales and prices. The influx ofresidents should also boost consumption of local goods and services.

Market Overview

Major Employers Yavapai County_________________________________Yavapai County Government 1,414_________________________________Yavapai Regional Medical Center 1,402_________________________________Veterans Admin. Medical Center 889_________________________________Phelps Dodge 871_________________________________WalMart 750________________________________Humboldt Unified School District 631_________________________________Sturm Ruger & Co 579_________________________________Yavapai College 564_________________________________State of Arizona 560_________________________________Prescott Unified School District 495_________________________________City of Prescott 463_________________________________Embry-Riddle University 375_________________________________Yavapai Gaming 294_________________________________Lockheed Martin 300

“ Third best metro in the country for job creation.”– Milken Institute