downtown mesa main st & morris...

FOR SALE | INVESTMENT/REDEVELOPMENT

DOWNTOWN MESA MAIN ST & MORRIS OFFERINGMain St & Morris, Mesa, AZ 85210

Brad Broyles Senior Advisor | 480.610.2400 | [email protected]

480.610.2400 / [email protected]

BRAD BROYLESwww.acorn-group.net

Presented by:

coberea le s ta t e . com

Brad Broyles, Senior Advisor | P: 480.610.2400 | C: 480.797.5266 | [email protected] warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and some is subject to errors, omissions, withdrawal without notice, and any other special conditions imposed by our principals.

www.cobe r ea l e s t a t e . c om

LOCATION OVERVIEWFantastic location on Main Street and east of Country Club Drive in the Historic Downtown MesaDistrict. Property is adjacent to the Country Club Drive Light Rail Station allowing passengers access tothe many shops, restaurants, museums and other cultural attractions in the corridor. Downtown Mesa isundergoing a revitalization effort and recent announcements of the new Arizona State University'sDowntown Mesa Campus and the proposed Consolari Project are spurring tremendous growth,investment and redevelopment opportunities along Main Street.

PROPERTY HIGHLIGHTS• 4 Parcel Portfolio Offering Featuring 33,500 SF• Existing Retail/Office Building of 14,000 SF• Large Footprint with No Restriction on Building

Height• Prime Investment/Redevelopment Opportunity

with Main Street Frontage• Possible City Incentives May Be Available

Based on Project Proposed

• Adjacent to the Country Club Drive Light RailStation

• High Traffic Counts at Intersection of CountryClub and Main Street Exceeding 46,000 VPD

• Adjacent to Proposed $42 Million Mixed-UseDevelopment Featuring Housing and Retail

• Within 2.5 Miles of US 60 Freeway, 3.5 Milesof both Loop 202 & Loop 101

PROPERTY SUMMARYSale Price: Call for Pricing

Lot Size: 33,500 SF

APN #: 138-54-038 & 039, 138-54-036, 138-54-043

Zoning: C-DT (City of Mesa Downtown)

Cross Streets: Main Street & Country Club

Downtown Mesa Main St & Morris OfferingMain St & Morris, Mesa, AZ 85210


Many beautiful commercial buildings have been constructed recently, and a number

of existing buildings, including multi-tenant buildings on Main Street, have been

completely renovated into sparkling "new" offices and retail stores. Main Street

itself has been refurbished with wide sidewalks, landscaping and attractive street

furniture. The progress continues with many more revitalization projects planned

and in the works! - Downtown Mesa Association www.downtownmesa.com

As part of the revitalization effort there may be city incentives available such as

property tax abatement (GPLET) and reduction in permitting fees. Other incentives

may be available based on the type of project proposed. Contact Jeff McVay, Man-

ager of Downtown Transformation, City of Mesa (480) 644-5379 to discuss incen-

tives for project.

Revitalization Efforts

$2 Billion District

Downtown Mesa's unique specialty retail shops attract people from across

the Phoenix-Mesa metro area. Hotels, restaurants, the art center, museums,

boutiques, banks and offices also thrive downtown. The square-mile district

has an overall economic impact of $2 billion annually.

City of Mesa

On July 17, 1878, Mesa City was registered as a 1-square-mile (2.6 km2)

town site. Today Mesa encompasses over 133 square miles (344 square

kilometers) has growing population of almost 500,000. Mesa is the 3rd larg-

est city in Arizona. Located east of Phoenix, Mesa’s downtown district is

only 20 minutes from Phoenix Sky Harbor Int’l Airport and is within minutes

to the spring training facilities of the Chicago Cubs and Oakland A’s.





Station Area Destinations and Development Opportunities

2

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65 7

1

4

Main St

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Valley Metro RailValley Metro Rail Station¼ Mile or 5 Minute Walk

LEGEND

*All values are approximate. Refer to City Planning and Zoning departments for actual

land use codes, zoning district and parcel size.

T R A N S I T O R I E N T E D D E V E L O P M E N T P R O F I L E S H E E T 2 0 1 6T RT RT RRT RT R AAA N S I T O R I E N T E DD DD D E V E L O P M E N T P R O F I L E S H E E T

Country Club/Main St Station

Development Opportunities*

Vacant | .8 acres | Downtown Business

Vacant | 1 acre | Downtown Business

Vacant | 3 acres | Downtown Business

Vacant | .2 acres | Downtown Core




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C O U N T R Y C L U B / M A I N S T S T A T I O N T R A N S I T O R I E N T E D D E V E L O P M E N T P R O F I L E S H E E T 2 0 1 6

Sources:1 2015 Origins and Destinations Survey 2 Maricopa Association of Governments, 2015 valleymetro.org | 602.253.5000

19th Ave/Montebello

19th Ave/Camelback

7th Ave/Camelback

Central Ave/Camelback

Campbell/Central Ave

Indian School/Central Ave

Osborn/Central Ave

Thomas/Central Ave

Encanto/Central Ave

McDowell/Central Ave

Roosevelt/Central Ave

Van Buren/Central AveVan Buren/1st Ave

Washington/Central AveJefferson/1st Ave

3rd St/Washington3rd St/Jefferson

12th St/Washington12th St/Jefferson

24th St/Washington24th St/Jefferson

38th St/Washington

44th St/Washington

Priest Dr/Washington

Center Pkwy/Washington

Mill Ave/Third St

Veterans Way/College Ave

University Dr/Rural

Dorsey Ln/Apache Blvd

McClintock Dr/Apache Blvd

Smith-Martin/Apache Blvd

Price-101 Fwy/Apache Blvd

Sycamore/Main St

Alma School/Main St

Country Club/Main St

Center/Main St

Mesa Dr/Main St

Stapley Dr/Main St (2018)

Gilbert Rd/Main St (2018)

MESA

TEMPE

PHO

ENIX

P

P

P

P

P

P

P

P

P

P

P 19th Ave/Dunlap

Northern/19th Ave

Glendale/19th Ave

PFeatured Station

Station

Park-and-Ride

Transit Center

LEGEND

Transit Services and Facilities » Park-and-ride spaces: N/A

» Park-and-ride utilization: N/A

» Bicycle parking spaces: 0

» Connections - Local routes: 40 and 112 - LINK route: AZ Ave

0 10 20 30 40 50 60 70 80Percentage

Work

School

Shopping

Medical

Airport

Other

Trip Type1

112

112

40

40

ALNK

ALNK

Main St

Pepper Pl

1st St

1st Ave

Co

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try

Clu

b R

d

Ro

bso

n

Mo

rris

Ma

cD

on

ald

Da

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Valley Metro Rail StationBus Stop

LEGEND

Station Area CharacteristicsLight Rail Route

Valley Metro Rail

Residential / Single Family

Residential / Multy Family

Commercial

Office

Industrial

Public and Other

Open Space

Multiple Use

Vacant

LEGEND

Main St

Co

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lub

Dr

0 1 2 3 4Number of Boardings (Thousands)

Weekday

Saturday

Sunday/Holiday

Average Boardings

User Profile

Station Location

Land Use (¼ mile)

Demographics2 (¼ mile)

0 10 20 30 40 50 60 70Percentage

CommercialIndustrial

Multi Family ResidentialMultiple Use

OfficeOpen Space

Public and Other Single Family Residential

TransportationVacant

Existing Development2 (¼ mile)

Thousands

Population

Employment

Dwelling Units0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Country Club/Main St Station

Station Art

Featured Station Station Average

LEGEND

MESA: QUICK FACTS With a population of nearly 500,000, Mesa is the 38th largest city in the U.S., 3rd largest in Arizona, and 2nd largest in the Phoenix-Mesa metro area. Larger than Miami, Minneapolis, Atlanta and St. Louis, Mesa covers 133 square miles inside a 21-city region with a population of 4.4 million, projected to be 6 million by 2030. Year Incorporated 1883 Elevation 1,255’ Cost of Living Index 95.0 Average High/Low Temperature 88 / 56 Median Age 35.5 Average Household Income $64,480 Number of Mesa Households 174,273

POPULATION (Projected)

Population 2015 2020 Mesa 462,376 490,337 Arizona 6,720,515 7,104,114

Pop. Growth 1990-2000 2000-2010 2010-2015 Mesa 35.5% 16.6% 5.3% Arizona 40.0% 31.4% 5.1% Mesa Population by Age Age 2015 15-34 28.3% 35-54 23.6% 55-74 19.8% 75-85+ 7.3% Source: ESRI Community Analyst, 2015

EDUCATIONAL ATTAINMENT

Within a 30-Minute Drive of Downtown Mesa 550,000+ professionals, 42.2% (age 25+) with an

associate’s degree or higher. Associate’s Degree 8.5% Bachelor’s Degree 21.0% Graduate’s Degree 12.7%

Source: ESRI Community Analyst, 2015

EDUCATIONAL INSTITUTIONS Mesa Community College 22,711 Arizona State University – Polytechnic 12,029 East Vallet Institute of Technology 3,000 Chandler-Gilbert Community College 2,125 A.T. Still University 1,230 Northern Arizona University – Mesa 1,682 Benedictine University 1,000* Upper Iowa University 750* Wilkes University 425* *=Projected Future Enrollment by 2018 Other Private & For Profit Institutions Include: Arizona College, Carrington College, Devry University, Pima Medical Institute and University of Phoenix

AVAILABLE LABOR FORCE

Mesa Phx Metro Labor Force 216,445 2,081,375 Unemployment Rate 5.4% 5.4%

Within a 30-Minute Drive of Downtown Mesa

Population 2,005,751 Households 772,103 Labor Force (16+) 969,358

Source: Bureau of Labor Statistics, ESRI Community Analyst, 2015

MESA’S LARGE EMPLOYERS Banner Health Systems 9,573 Mesa Public Schools 8,770 The Boeing Company 4,900 City of Mesa 3,715 Maricopa County Government 2,644 Maricopa Community Colleges 1,951 Aviall Inc. 842 Empire Southwest 736 CBI Medical & Behavioral Health 655 Mountain Vista Medical Center 530 Able Engineering 400 Special Devices Inc. 400 Drivetime Automotive Group 300 Crescent Crown Distributing 274

Source: Reference USA, MAG Employer Database, Hoover’s, 2014

AIRPORTS Phoenix-Mesa Gateway Airport • Allegiant Air flies to 35 destinations nationally. • Private aircraft and air cargo service • By 2030, projected to serve 10 million total

passengers • Three runways • 250+ acres of developable land available • Fastest growing airport in the U.S. Falcon Field • 5th busiest general aviation airport in the U.S.

and second busiest in Phoenix-Mesa metro area.

• 700+ aircraft based at Falcon Field with 260,000+ flight operations.

• On-airport facilities for aviation businesses, 120 acres available for development.

• FAA air traffic control tower Sky Harbor International Airport • 15 minutes from Mesa • 1,200+ daily flights serving 100 domestic and

16 international cities.

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INDUSTRIES OF OPPORTUNITY Mesa has a diverse business community with strong competitive advantage and opportunity in the following industry clusters.

Healthcare Technology Education Tourism Aviation/Aerospace

TRANSPORTATION Mesa is easily accessed via a robust freeway system including Interstate 10, State Highway 60, Loops 101 and 202, and State Route 24. Mesa is also part of the Phoenix-Mesa metro area light rail system with stops going into Downtown Mesa.

QUALITY OF LIFE Golf Courses Mesa hosts more than 40 golf courses, most within a half-hour drive of downtown; more than 200 in the surrounding Phoenix-Mesa metro area. Arts and Culture Home to Mesa Arts Center, The Southwest’s largest urban art and entertainment campus featuring 14 artist studios, five galleries, and four theaters on seven acres; Arizona Museum For Youth, the first museum dedicated to youth and art in the U.S.; and Arizona Museum of Natural History, the state’s largest repository for fossils found in the Southwest. Performing Arts Groups Mesa is home to Symphony of the Southwest, the Millennial Choir and many other performing arts groups. In the Phoenix-Mesa metro area you’ll also find the Phoenix Symphony, Arizona Opera and many ballet, dance and theatre troupes. Major League Baseball Spring Training Since 1952, Mesa has hosted the Chicago Cubs for Spring Training baseball. In 2014, the Cubs moved into the newly constructed Sloan Park where they continue to lead Major League Baseball in Spring Training attendance, averaging nearly 14,000 fans per game. The Oakland A’s also call Mesa home for Spring Training, playing at the recently renovated Hohokam Stadium. The Phoenix-Mesa metro area is home to a large number of teams playing in the Cactus League providing fans with some of the best Spring Training baseball in the nation. Professional and College Sports The Phoenix-Mesa metro area hosts the Arizona Cardinals, Phoenix Suns, Arizona Diamondbacks, Phoenix Coyotes, Arizona Rattlers, and many other major and minor league teams. The area is also home to Arizona State University’s Sun Devils and Grand Canyon University’s Antelopes, both NCAA Division I schools.

Outdoor Recreation 57 Parks; 9 public pools; miles and miles of hiking and biking trails; quick access to major lakes and rivers for boating and water sports; close proximity to mountain areas for hunting, fishing and camping; vast numbers of organized recreational sports leagues. Restaurants and Nightlife More than 3,000 restaurants, eateries, nightclubs, microbreweries, and pubs of all types, styles and price points call Mesa home. Resorts and Hotels 65 hotels and resorts, combined total of 5,000+ rooms and on-property meeting space ranging from 200 to 10,000 square feet. Mesa Convention Center Located on 22 acres of mature parkland, features include 19,000 square feet of exhibit space along with an additional 19,000 square feet of flexible meeting space; 15 meeting rooms offer a wide variety of sizes and configurations. Rainfall and Sunshine Average yearly rainfall (inches) 7.74 Average yearly days of sunshine 325 -- more than San Diego or Miami Beach.

RANKINGS Phoenix-Mesa metro #1 in nation for economic growth. – Brookings Institute, 2013 Arizona ranked #2 for workforce. – CNBC, 2013 Arizona ranked 6th best for business. – Chief Executive magazine, 2013 Phoenix-Mesa metro #8 for top sustainable metros. – Site Selection magazine, 2013

RECENT ANNOUNCEMENTS Apple will bring its $2 billion global command center to Mesa employing 150 people. American Traffic Solutions will be housing 600 employees at their new 108,000 sq. ft. headquarters by 2017 at the Waypoint office development in Mesa. Matheson Gas, a subsidiary of one of the world’s largest suppliers of industrial, medical and electronic gases, breaks ground in Mesa for $40 million large capacity air separation facility. Bridgestone Americas opens new bio-rubber process research center in Mesa.

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* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 19,006 156,433 326,442

Population Density 6,050 5,533 4,156

Median Age 29.7 29.4 31.1

Median Age (Male) 28.6 28.8 30.1

Median Age (Female) 32.1 30.1 32.4

Total Households 6,609 56,905 120,997

# of Persons Per HH 2.9 2.7 2.7

Average HH Income $43,974 $48,717 $57,700

Average House Value $159,598 $159,876 $210,167

downtown mesa main st & morris...

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