value added multi-tenant retail center for sale€¦ · 7th st mcdowell rd chandler blvd. the...
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E Baseline 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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
value added multi-tenant retail center for sale1337 S Gilbert Road Mesa, AZ 85204
(SEC Gilbert Rd & Southern Ave)PRICE: $4,550,000 ($126 PSF)
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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
1337 s Gilbert road mesa, aZ 85204center features The center is constructed of block with a decorative brick facade.
The walkway is covered by an attractive copper colored metal roof and features a decorative bronze fascia on the underside.
The property has relatively good visibility from Gilbert Rd. and features a multi-tenant monument sign on Gilbert Rd.
There are 23 suites although some tenants occupy more than one suite.
HiGHliGHts• 60.7% Leased• $126 PSF• 43,111 VPD on Gilbert Rd• Great Value Added Potential with Current 39% Vacancy• Current Capitalization Rate of 6.22% at 61% Occupancy;
Potential Capitalization Rate of 10.2% at 93% Occupancy
property details• Attractive 39,618 SF Multi-Tenant Retail Building• 3.33 Acre Parcel• Constructed in 1986• Zoning: LC, City of Mesa (Formerly called C-2)• Suites can be used for Retail, Office, or Medical
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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
1337 s Gilbert road mesa, aZ 85204
Bell Rd
7th
Ave
Buckeye Rd
Elliot Rd
Peoria Ave
Southern Ave
Happy Valley Pkwy Happy Valley Rd
85
Camelback Rd
Gilb
ert R
d
Verr
ado
Way
Thomas Rd
Lake
Ple
asan
t
University Dr
Ray Rd
Mille
r Rd
Wat
son
Rd
99th Ave
Dunlap Ave
Mes
a Dr
Warner Rd
University Dr
Northern AveGlendale Ave
107t
h Av
e
19th
Ave
Sariv
al A
ve
Ellsw
orth
Rd
Arizo
na A
ve Pow
er R
d
Shea Blvd
Tatu
m B
lvd
Cave
Cree
k Rd
Coun
try C
lub
Rura
l Rd
Bell Rd
75th
Ave
7th
St
McDowell Rd
Chandler Blvd
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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
1337 s Gilbert road mesa, aZ 85204
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles
Population 20,622 160,074 401,372
Households 6,808 55,628 146,623
Average Age 33.0 35.2 36.5
Median HHI $51,767 $51,328 $53,841
Daytime Employees 5,799 54,788 141,056
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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
Item Annualized Amount Comments
Projected 2017 Rent At Existing 61% Occupancy
$445,416Based On Lease Summary Attached On An Annualized Basis Including Cam Payments ($37,118/Mo X 12)
Cam Reimburesment From Two Pad Buildings Under Different Ownership
$10,269 Based On Actual Nnn Reimbursement 1/2017 - 5/2017 Annualized
Projected 2017 Total Income At Existing Occupancy
$455,685
Projected 2017 Expenses At Existing Occupancy
$144,607 ($3.65/PSF)
Based On 2016 Operating Expenses Plus 2.25% City Of Mesa Rental Tax Which Were Not Included In These Expenses Minus Interest Expense & Internal Overhead Expenses. (Note: The Expenses Shown Include A 4% Management Fee)
Projected 2017 Net Operating Income At 61% Occupancy
$311,078 6.22% Capitalization Rate At 61% Occupancy
Potential Additional Income From Lease Up To 93% Occupancy
$199,09793% X 39,618 SF= 36,845 SFOccupied At 93% Occupancy36,845 SF- 23,925 SFCurrently Leased = 12,920 Additional SFTo Lease For 93% OccupancyAdditional 12,920 SFX ($12 Nnn + $3.41 Cam) = $199,097 Additional Income At 93% Leased
Potential Net Operating Income At 93% Leased
$510,175 10.2% Indicated Capitalization Rate At 93% Occupancy
value added multi-tenant retail center for sale1337 S Gilbert Road Mesa, AZ 85204
proforma income & eXpense
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 price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 07/05/17
Exclusively Listed By: Thomas Semancik, Senior Vice PresidentD: 480.966.0419M: [email protected]
P:\1337 S. GILBERT ROAD (TABLELAND VILLAGE 2)\Copy of Tableland Village II 05 2017 (2).xls
TABLELAND VILLAGE II 2012 NNN's: $0.25 psf
1337 S. Gilbert Road Mesa, AZ 85204 7/10/2014
Lease Lease Lease Monthly $ Total
Suite Tenant Start End Sq. Ft. Rent PSF Payment (w/NNN) Notes
101-103 Blood Systems, Inc. 8/1/2013 7/31/2018 5,689 $8,305.94 17.52 $10,668.70 Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 10% Admin Fee(cam,taxes,Insurance); 2 (3 yrs) Option.
104 Blood Systems, Inc. 8/1/2013 7/31/2018 see aboveReimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 10% Admin Fee(cam,taxes,Insurance); 2 (3 yrs) Option.
105ABarbara De Carmine (Bridal Supply)
5/1/2015 4/30/2018 1,623 $1,278.89 9.46 $1,722.54
105Sienna Physical Medicine, LLC
9/1/2015 8/31/2018 2,317 $2,386.51 12.36 $2,987.24 Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 4% of Gross Income. 15% Admin Fee. 2 options to renew, 1 yr each
106-110 DSI Renal, Inc. 11/20/1993 6/30/2020 11,904 $13,888.00 14.00 $18,520.47 Reimburses Pro-Rata Share of CAM,Taxes,Insurance; 4% Mgmt Fee. 10% Admin Fee(CAM)
111 Vacant 2,022
112 Vacant 1,310
113 Vacant 1,310
114-115 Vacant 3,541
116 Vacant 1,617
117 Vacant 1,632
118-119 Vacant 1,611
120 Vacant 811
121-122 Vacant 1,622
124 Active Bodies 10/9/2008 10/31/2018 2,392 $2,238.91 11.23 $3,218.66 Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 5% of Gross Income. No Admin Fee.
TOTALS: 28,098.25 14.09 $37,118.00
TOTAL LEASED 23,925 (60.60%)
TOTAL VACANT 15,476 (39.30%)
BLDG TOTAL: 39,401 (100%)
value added multi-tenant retail center for sale1337 S Gilbert Road Mesa, AZ 85204
suite breakdown, rates, & comments