HIGLEY PARK COMMONS Buildings 5 & 6 1515-1519 S. Higley ... · Phoenix (City) Mesa 0 10 20 30 40 50 60 70 80 90 100 Source: ESRI, 2018 dollars Median and Average Household Income

7377 E. Doubletree Ranch Road | Suite A-160 | Scottsdale, Arizona 85258 | 480.505.0919 www.esceecommercial.com

HIGLEY PARK COMMONS1515-1519 S. Higley Road Gilbert, AZ 85296

PRESENTED BY: STEVE COOK (owner/agent) | [email protected]

Buildings 5 & 6

13,660 SF AVAILABLE PRICE: $3,140,000.Building #5: 6,830 SFBuilding #6: 6,830 SFTotal: 13,660 SFLease Rate: $17.00 NNN

*15.64% of Higley Commons Condo Assn.

DISCLAIMER:

ESCEE Commercial Properties, dba, as an Arizona Corporation (collectively, the “Agent”) has prepared this confidentialof-fering summary (the ”Offering Memorandum”) intended solely for your limited use in evaluating the purchase of Higley Park Commons - Buildings 5 & 6 (the “Property”), located in Gilbert, Arizona. ESCEE Commercial Properties has been exclusively retained as the Agent to market the ownership’s interest in the Property.

The Offering Memorandum does not purport to provide a necessarily accurate summary of the Property, or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective purchases may need, or desire. All financial projections are based either upon assumptions provided by the Owner, or upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and the Agent, and therefore, are subject to material variation. The Offering Memorandum does not constitute an indication that there has been no change in the business of affairs of the Property of the Owner since the date of preparation of the Offering Memorandum. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers.

Neither the Owner nor ESCEE Commercial Properties nor any of their respective officers, agents or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Mem-orandum or any of the Contents. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

The Owner and ESCEE Commercial Properties expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with an entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such sale of the Property is approved by the Owner, and a contract to purchase the Property is approved by the Owner, and a contract to purchase the property has been fully executed, delivered, and approved by the Owner and its legal counsel, and any conditions to the Owner’s obligations there under have been satisfied or waived.

This Offering Memorandum and the Contents, except such information, which is a matter of public record or is provided in sources available to the public (such contents as so limited herein called the “Contents”), are of a confidential nature and are not to be made available to persons not receiving copies directly from the Agent. By accepting the Offering Memoran-dum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the Contents any other entity (except for outside advisors retained by you if necessary, in your opinion, for your determination of whether or not to make a proposal) without the prior written authorization of the Owner or Agent, and that you will not use the Offering Memorandum or any of the Contents in any fashion or manner detrimental to the interest of the Owner or Agent.

Building 5 & 6

7377 E. Doubletree Ranch Road | Suite A-160 | Scottsdale, Arizona 85258 | 480.505.0919 www.esceecommercial.comSellers and brokers make no representation as to the environment, financial, or other conditions of the property and recommend the purchaser investigate fully. Information contained herein has been obtained from the owner or other sources. Brokers do not guarantee the accuracy of the information. Members of ESCEE are members of the ownership and have Arizona real estate licenses.



Building 5 & 6




202

Hig

ley

Ro

adH

igle

y R

oad

Ray RoadRay Road

Tra�c Counts:

Ray Road 21,148 cpd

Higley Road 28,026 cpd

Source: Costar 2019

PLANNED AGRITOPIA EPICENTER

PLANNED AGRITOPIA EPICENTER

EPICENTER

HIGLEY PARK COMMONSHigley & Ray Road Gilbert, AZ

Building 5 & 6


6

5



Property Highlights:

• Two separate buildings

• NEC of Higley & Ray Road

• Approximately 13,660 SF

• Signage opportunities

• Covered parking available

• Close access to Loop 202 Fwy.


Building 5 & 6




AREA BUSINESS:


Building 5 & 6

Gilbert’s current population of 250,000+ has doubled every five years from 1980-2000. By 2030, Gilbert is expected to be fully built out, with an anticipated population of over 300,000. While Gilbert is growing to be one of the largest municipalities in Arizona, the community remains youthful and vibrant. With a median age of 33.6 and 68 percent of the population under the age of 45, Gilbert provides an abundant pipeline of talent to support the growth of business and industry.

With attractive demographics, award-winning amenities, strategically identified business incentives and high-profile developments, Gilbert offers immediate, attainable economic opportunity for industry-leading companies.




DEMOGRAPHICS:

percent

Percent of Population by Age Group

0 - 4 5 - 9 10 - 14 15 - 24 25 - 34 35 - 4445 - 54 55 - 64 65 - 74 75 - 84 85 +

Gilbert

Mesa

Scottsdale

Tempe

Chandler

Phoenix (City)

0 10 20 30 40 50 60 70 80 90 100

Source: ESRI, 2018

popu

latio

n

Population 2000-2018 (& 2023 Projection)

Gilbert Mesa Scottsdale Tempe Chandler Phoenix (City)

2000 2005 2010 2015 20200

500k

1,000k

1,500k

2,000k

Source: ESRI, 2018

percent

Percent of Population 25+ with a BA or Higher

57.157.1

44.444.4

43.743.7

43.043.0

28.728.7

26.826.8

Bachelor's Degree or Higher

Scottsdale

Tempe

Gilbert

Chandler

Phoenix (City)

Mesa

0 10 20 30 40 50 60 70 80 90 100

Source: ESRI, 2018

dollars

Median and Average Household Income

Median HH Income Average HH Income

Gilbert

Scottsdale

Chandler

Mesa

Phoenix (City)

Tempe

0 20k 40k 60k 80k 100k 120k 140k

Source: ESRI, 2018pe

rcen

t

Percent of Households by Income Level

<$15,000 $15,000 - $24,999 $25,000 - $34,999$35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999$100,000 - $149,999 $150,000 - $199,999 $200,000+

Gilbert Mesa Scottsdale Tempe Chandler Phoenix (City)0

25

50

75

100

Source: ESRI, 2018

Documents

HIGLEY PARK COMMONS Buildings 5 & 6 1515-1519 S. Higley ... · Phoenix (City) Mesa 0 10 20 30 40 50 60 70 80 90 100 Source: ESRI, 2018 dollars Median and Average Household Income