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KW COMMERCIAL
2500 S Power Rd. Suite 121
Mesa, AZ 85209
TONY PRESTONManaging Director0: 480.854.2400C: [email protected] #BR107734000
3 Building Office Portfolio - Phoenix (Metro Center)
VALUE-ADD OFFICE PORTFOLIO
PRESENTED BY:
PHOENIX, AZ
VALUE-ADD OFFICE PORTFOLIO
Jason CoxDirector
Osagie Erhabor Researcher
Each Office Independently Owned and Operated kwcommercial.com 2
KW COMMERCIAL
2500 S Power Rd. Suite 121
Mesa, AZ 85209
Confidentiality & Disclaimer
TONY PRESTONManaging Director0: 480.854.2400C: [email protected] #BR107734000
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources
are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance
with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the
property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or
completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that
may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of
significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in
writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and
investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the
party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial
makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial
does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or
performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be
established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market
conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with
an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the
party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental
requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All
properties and services are marketed by Integrity First Realty -- Mesa/Gilbert in compliance with all applicable fair housing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It
is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include
projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors
should conduct your own investigation of the property and transaction.
VALUE-ADD OFFICE PORTFOLIO
PRESENTED BY:
PHOENIX, AZ
DirectorO: [email protected]
Jason Cox
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATION3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER)
VALUE-ADD OFFICE PORTFOLIO
Each Office Independently Owned and Operated kwcommercial.com 4
OFFERING SUMMARY
SALE PRICE: Contact for price
CAP RATE: 8.5%
LOT SIZE: 0 Acres
YEAR BUILT: 1985
BUILDING SIZE: 172,000 SF
ZONING:Commercial OfHce
(C-O)
MARKET: Phoenix
PRICE / SF: -
PROPERTY OVERVIEWRare ofHce investment opportunity, Ideal for value add investors looking for largeupside post acquisition. These 3 buildings are all located along the I-17 corridorclose to the Metro Center Mall area. Part of the portfolio is located in a FederalOpportunity Zone (tax beneHts.) The various properties boast nice lobby/receptionareas, indoor/outdoor atriums, conference rooms, training rooms, kitchen andbreak areas. Convenient to business support services such as retail, restaurants,hotels, public transportation etc.
Building 1 - 62,938 SFBuilding 2 - 60,321 SFBuilding 3 - 48,980 SF
Large upside post acquisition as this portfolio is 48% occupied. Lease up spaceand turn the property for a sizable return.
PROPERTY HIGHLIGHTS•
Executive Summary
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 5
PROPERTY OVERVIEW
Rare ofHce investment opportunity, Ideal for value add investors
looking for large upside post acquisition. These 3 buildings are all
located along the I-17 corridor close to the Metro Center Mall area.
Part of the portfolio is located in a Federal Opportunity Zone (tax
beneHts.) The various properties boast nice lobby/reception areas,
indoor/outdoor atriums, conference rooms, training rooms, kitchen
and break areas. Convenient to business support services such as
retail, restaurants, hotels, public transportation etc.
Building 1 - 62,938 SF
Building 2 - 60,321 SF
Building 3 - 48,980 SF
Large upside post acquisition as this portfolio is 48% occupied.
Lease up space and turn the property for a sizable return.
LOCATION OVERVIEW
PT NW4 OF LOT 4 SEC 6 BEG NW COR OF SD SEC E 267F S
282.03F TO POB E 179.45F N 105F E 110F N 177.04 F TO PT ON
N LN E 62F S 657.74F W 319.17F N 300F W 33F N 75F TPOB EX
N 40F RD & EX S 25F W 216.17F & EX RD P/D 85 035202
LA MANCHA MCR 193-19 PT LOT 8 DESC AS FOL COM S4 COR
SEC 36 N 40.01F N 344.12F PT OF CURV CIR CUR CONC SELY
RAD 500F TH ALG CUR 170.13F TO TANG N 19D 45M E 101.06F
TO CURV RAD 500F ALG CUR 257.72 F TPOB CONT ALG CUR
136.53F TO TANG N 25D 24M W 317.69F N 64D 35M E 30F TO
SW COR PARCEL 4 OF LA MANCHA E 316.19F CONT E 23.81 F
S 25D 24M E 100F S 09D 38M E 171.82F S 08D 27M E 111.35F S
22D 07M W 76.57F N 85D 20M W 220F S 80D 13M W 30F TPOB
& EX W 30F RD
LAKE BILTMORE VILLAGE MCR 166/4 LOT 16 EX BEG SW COR
LOT 16 TH N 216F TH E 117F TH S 74D 14M E 84. 18F TH E 110F
TH S 91.56F TH S 01D 39M W 100.02F TH W 306.23F POB
Property Description
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
SALE PRICE CONTACT FOR PRICE
LOCATION INFORMATION
Building Name 3 Building OfHce Portfolio - Phoenix
(Metro Center)
Street Address Value Add - Phoenix OfHce Portfolio
City, State, Zip Phoenix, AZ 85021
County/Township Maricopa
Market Phoenix
BUILDING INFORMATION
Building Size 172,000 SF
Cap Rate 8.5%
Price / SF -
Year Built 1985
Building Class B
Tenancy Multiple
Number Of Floors 2
Load Factor Yes
Construction Status Existing
Number Of Buildings 3
PROPERTY DETAILS
Property Type OfHce
Property Subtype OfHce Building
Zoning Commercial OfHce (C-O)
Lot Size 0 Acres
Property Details
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 7
Additional Photos
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
2LOCATION INFORMATION3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER)
A PROPOSAL FOR COMMERCIAL SERVICES
Each Office Independently Owned and Operated kwcommercial.com 9
3 Building Office Portfolio -Phoenix (Metro Center)
Regional Map
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 2 | LOCATION INFORMATION
DEMOGRAPHICS
3 | DEMOGRAPHICS
DEMOGRAPHICS MAP
3DEMOGRAPHICS3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER)
A PROPOSAL FOR COMMERCIAL SERVICES
Each Office Independently Owned and Operated kwcommercial.com 11
POPULATION 1 MILE 3 MILES 5 MILES
Total population 15,499 159,318 428,332
Median age 30.5 34.4 34.1
Median age (male) 31.1 33.8 33.0
Median age (Female) 30.0 35.1 35.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 6,930 60,516 161,762
# of persons per HH 2.2 2.6 2.6
Average HH income $44,225 $55,552 $59,013
Average house value $343,042 $259,648 $263,505
* Demographic data derived from 2010 US Census
Demographics Map
3 BUILDING OFFICE PORTFOLIO - PHOENIX (METRO CENTER) 3 | DEMOGRAPHICS
