3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com

2166 EAST UNIVERSITY DRIVETEMPE, ARIZONA 85281

FOR SALE - INCOME PROPERTY

Ken McQueenkmcqueen@leearizona.comD 602.474.9564

Brian Paynebpayne@leearizona.comD 602.474.9571

FEATURES• 21,179 SF Freestanding Building• +8,000 SF 2-Story Office• 4,222 SF Office Lease in Place through

February 2020• Secure Yard• 21’ Clear Height• 5 Grade Doors• 1200 amps 120/208 3 phase power

INVESTMENT HIGHLIGHTS• 7.08% CAP• 13.49% Total Return• 5 Year Sale/Leaseback• $2,330,000 ($110/SF)

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

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3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com

2166 EAST UNIVERSITY DRIVETEMPE, ARIZONA 85281

FOR SALE - INCOME PROPERTY

Ken McQueenkmcqueen@leearizona.comD 602.474.9564

Brian Paynebpayne@leearizona.comD 602.474.9571

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

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RETAILERS RESTAURANTS

11 MINUTES TO SKY HARBOR INTERNATIONAL

LITE RAIL STOP LESS THAN 1 MILE

16,780 VEHICLES PER DAY (UNIVERSITY DR.)

3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com

2166 EAST UNIVERSITY DRIVETEMPE, ARIZONA 85281

FOR SALE - INCOME PROPERTY

Property Address Square Lease Lease Lease Monthly Monthly Annual LeaseTenant Feet Term (mos) Start End Rate Rent Rent Type

NNN sale/leaseback proposedColletti Design 16,957 60 0.59$ 10,005$ 120,056$ NNN As-Is with no TI to tenant

80.1% Evap cooled warehouse

Full Service rent (inc. utilities)Coal Creek Consulting 4,222 32 2/28/2020 1.00$ 4,222$ 50,664$ NNN 2nd floor office

19.9% Separate entrance & restrooms

Total Rents 14,227$ 170,720$

Annual SF/Mo.Total Occupied 21,179 100.0% Property Taxes $29,434 $0.116Total Vacant - 0.0% Property Insurance $2,500 $0.010 estimateProject Total 21,179 100.0% CAM $7,624 $0.030 estimate

Total OpEx $39,558 $0.156

Colletti Design 120,056$ Coal Creek Consulting 42,778$ NOI 162,834$

Comments

Acquisition Analysis2166 E. UniversityTempe, Arizona

Net Operating Income

Expenses

3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com

2166 EAST UNIVERSITY DRIVETEMPE, ARIZONA 85281

FOR SALE - INCOME PROPERTY

Total Invested Equity and New Loan

Purchase Price 2,330,000$ Price Per Square FootDown Payment 25% 582,500$ New Loan Current Loan Amount 75% 1,747,500$ Interest Rate 4.75% Amortization (years) 25 Monthly Payment 9,963$ Loan Points 1.0% 17,475$ Lender Costs 1.0% 17,475$ Buyer Acquisition Costs 0 -$

Total Initial Invested Equity 617,450$

T.I. 's for Leasing of Vacancy -$ Lease Term for Vacant Space 60 Leasing Fees for Vacant Space 0.0% -$ OpEx Carry on Vacancy 12 -$ Total Lease-Up Costs -$

Total Invested Equity at Stabilization 617,450$

Cash Flow Analysis

CurrentActual

Net Operating Income 162,834 Debt Service 119,554Cash Flow 43,280Principal Reduction 37,895Total Return 81,175

Return Analysis

Capitalization Rate 6.99%Cash-on-Cash Return 7.01%Total Return 13.15%

Tempe, AZ

Acquisition Analysis2166 E. University