SENIOR HOUSING LAND - FOR SALE · 2020. 4. 28. · SENIOR HOUSING LAND - FOR SALE 100 units of Assisted Living/Memory Care Colliers International 2390 E Camelback Rd | Suite 100 Phoenix,

SENIOR HOUSING LAND - FOR SALE100 units of Assisted Living/Memory Care

Colliers International2390 E Camelback Rd | Suite 100 Phoenix, AZ 85016P: +1 602 222 5000

TIM DULANY Senior Vice President DIRECT +1 602 222 5186 MOBILE +1 602 330 4468 [email protected]

PHILIP WURTH Executive Vice President DIRECT +1 480 655 3310 MOBILE +1 602 369 9261 [email protected]

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Colliers International8360 E Raintree Dr | Suite 130 Scottsdale, AZ 85260P: +1 480 596 9000

colliers.com/arizona

4302 E LONE MOUNTAIN RD CAVE CREEK, AZ 85331

5 Gross Acres

$2,350,000 ($23,500 per unit)

Presented by:

Colliers International2390 E Camelback Rd | Suite 100 Phoenix, AZ 85016P: +1 602 222 5000


CONFIDENTIALITY AND DISCLAIMER STATEMENTThis Offering Memorandum contains select information pertaining to the business and affairs of the Property at 4302 E LONE MOUNTAIN ROAD, CAVE CREEK, AZ. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers International and the property manager from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree:

1. The Offering Memorandum and its contents are confidential;

2. You will hold it and treat it in the strictest of confidence; and

3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of this Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

Colliers International8360 E Raintree Dr | Suite 130 Scottsdale, AZ 85260P: +1 480 596 9000

4302 E Lone Mountain RdCave Creek, AZ

TABLE OF CONTENTS

PROPERTY OVERVIEW 5

LOCATION OVERVIEW 15

DEMOGRAPHIC OVERVIEW 23

SENIOR HOUSING DATA 25


PROPERTY OVERVIEW

REGIONAL MAP SHOWING PROPERTY LOCATION

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Colliers International | 54302 E LONE MOUNTAIN ROAD | Offering Memorandum

DOVE VALLEY RANCH GOLF

CLUB

SUNCREST NURSERY 5 AC site

FOR SALE100 Units

Senior Living


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TATUM RANCH GOLF CLUB

(private championship 18-hole golf course)

DESERT WILLOW ELEMENTARY

SCHOOL

5 acre site

SUNCREST NURSERY

N 44TH

ST

N 44TH

ST

N 43RD STN 43RD ST

CAVE CREEK RDCAVE CREEK RD

Note : Nor th is paral le l to 4 4th S treet , not Cave Creek Rd



DESERT WILLOW ELEMENTARY

SCHOOL

SUNCREST NURSERY

N 44TH STN 44TH ST

5 AC site Approved for 100 units of

Assisted Living/Memory Care

CITY OF SCOTTSDALE

TATUM RANCH(Home Values $450K-$675K) TATUM RANCH

GOLF CLUB (private)

DESERT FOOTHILLS NORTH

(Home Values $550K-$800K)

N CAVE CREEK RDN CAVE CREEK RD


ADDRESS4302 E LONE MOUNTAIN RDCAVE CREEK, AZ

PARCEL NO. 211-36-003B

SIZE 5 AC Gross, 4.23 Net

LAND ZONINGPUD, City of PhoenixZoning Case Letter 222 2-28-14-2

APPROVALSUp to 100 beds maximum of Assisted Living/Memory Care

BUILDING HEIGHT Maximum 18 feet

SET BACKS 28-35 feet

TAXES$3,862.642019 Maricopa County Treasurer’s Office

TOPOGRAPHY Flat

MAX LOT COVERAGE 40% of net parcel area.

Allows for up to 73,703 sf building, plus up to 5% variance increase in size

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Asking Price: $2,350,000

5 AC site

Approved for 100 units of

Assisted Living/Memory Care



E S P I R I T U L O C IT h e S p i r i t o f t h e P l a c e

The information contained in this graphic has been supplied in whole or in part by theClient and/or their consultants and may have been altered in the whole or in part by

Espiritu Loci Incorporated at the request of the Client.

The drawings and information depicted herein are conceptual only and are notintended to represent final architecture, planning, or design concepts. We do notrepresent, warrant, or guarantee that such information is true or that it accurately

reflectes existing or future development.

Drawings and Specifications as instruments of service are the property of EspirituLoci Incorporated and may not be reproduced or used for any purpose without the

written permission of Espiritu Loci Incorporated.

29 APR 1714'12'

North

E S P I R I T U L O C IT h e S p i r i t o f t h e P l a c e

The information contained in this graphic has been supplied in whole or in part by theClient and/or their consultants and may have been altered in the whole or in part by

Espiritu Loci Incorporated at the request of the Client.

The drawings and information depicted herein are conceptual only and are notintended to represent final architecture, planning, or design concepts. We do notrepresent, warrant, or guarantee that such information is true or that it accurately

reflectes existing or future development.

Drawings and Specifications as instruments of service are the property of EspirituLoci Incorporated and may not be reproduced or used for any purpose without the

written permission of Espiritu Loci Incorporated.

29 APR 1714'12'

North

CONCEPTUAL ELEVATIONS


A1

A2

C

B

35'50'

25'

28'

53'

55'

35'

77' 60' 50' 35'

The information contained in this graphic has been supplied in w

hole or in part by the Client and/or their consultants and m

ay have been altered in the whole or in part by Espiritu Loci

Incorporated at the request of the Client. The draw

ings and information depicted herein are conceptual only and are not intended to represent final architecture, planning, or design concepts.

We do not represent, w

arrant, or guarantee that such information is true or that it accurately reflectes existing or future developm

ent. Draw

ings and Specifications as instruments of service

are the property of Espiritu Loci Incorporated and may not be reproduced or used for any purpose w

ithout the written perm

ission of Espiritu Loci Incorporated.

E S P I R

I T U

L O

C I

T h e S p i r i t o f t h e P l a c e

29APR

1750'

25'0'

North

Total N

umber of U

nits: 100

Proposed Site Plan - Lone Mountain Assisted Living

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NORTH SCOTTSDALE, CAVE CREEK AREASAREA HIGHLIGHTS

• Scottsdale is number one in the US for job seekers (source: WalletHub)

• Approximately 5,000+ new jobs announced (including Mayo Clinic expansion, Nationwide Insurance regional HQ and AMEX expansion) along 101 Corridor between SR-51 and Hayden

• Population growth has averaged 5%+ since 2000, more than double the Metro average

CAVE CREEKCave Creek is a town in the Sonoran Desert totaling 28.2 square miles of land,

according to the United States Census Bureau. It is adjacent to the town of

Carefree and shares local landmark Black Mountain with Carefree. As of 2017,

Cave Creek’s population was 5,423 according to Census estimates which marks

a 10% increase from 2010. Median Age for Cave Creek is 57.5, significantly

higher than Phoenix MSA’s 35 median age. Median Household Income in Cave

Creek is also significantly higher than the Phoenix MSA at $91,500.

There are two notable streams known as Cave Creek in Arizona. One flows

through the Town of Cave Creek and into Phoenix. This may be the origin of the

Town’s name. The other Cave Creek (Cave Creek Canyon) is in the Chiricahua

Mountains, 200 miles to the southeast.

Just off Cave Creek Road is Gateway Desert Awareness Park. With the hum of

traffic muffled by desert trees and the rolling topography, civilization seems to

disappear, though hints of it remain with scattered housing and, more on the

scene, a children’s playground, ramadas and barbecues for picnickers.

Two self-guided trails through Desert Awareness Park pass a variety of

naturally occurring desert plants, which are identified by signs. The Desert

Heritage Center highlights natural and cultural history of the area in a unique

building which also serves as a gathering place protected from the harsher

elements of the desert.

From its western lifestyle, rural development patterns, dramatic views, trails,

open spaces, and wildlife habitats, Cave Creek offers an array of attractions

for both residents and visitors. O utdoor recreation includes hiking, road

and mountain biking, horseback riding, boating, and golfing at the par 70

championship course, Rancho Manana Golf Club.


LOCATION OVERVIEW


1. Scottsdale is #1 in the US for job seekers (source: WalletHub)

2. Top 10 City to Launch a Startup (source: Datafox)

3. Best City to Raise Children (source: MyLife.com)

4. No. 7 Safest City in the US (source: Law Street Media)

5. More than 17% of corporate headquarters in the Phoenix Metro area are located in Scottsdale

6. More than 9 million people visit Scottsdale annually

7. Scottsdale’s computer related workforce has grown 37% (2012-2017), higher than both the Phoenix MSA (23%) and nationally (14%)

8. Scottsdale’s healthcare and bioscience workforce increased 18% (2012-2017), higher than both the Phoenix MSA (15.9%) and nationally (10.7%)

9. Scottsdale’s financial services workforce increased 24.9% (2012-2017), higher than both the Phoenix MSA (16%) and nationally (9.5%)

10. Approximately 5,000+ new jobs announced (including Mayo Clinic expansion, Nationwide Insurance regional HQ & AMEX expansion) along 101 Corridor between SR-51 and Hayden Road

SCOTTSDALE MARKET OVERVIEWCITY OF SCOTTSDALE

The city of Scottsdale is located in the northeast portion of the Phoenix-Mesa-Glendale metro area. The local population in the city totals more than 250,000 residents, and is expanding at a pace of nearly 2 percent annually, faster than the state average as a whole. The city is the seventh largest in Arizona by population, trailing only Phoenix, Tucson, Mesa, Chandler Gilbert and Glendale. Scottsdale has three distinct districts. South Scottsdale, which encompasses Old Town Scottsdale, is the premier entertainment and tourism segment. South Scottsdale features dozens of restaurants and bars, the 1.6 million square foot Scottsdale Fashion Square Mall (whose tenants include Neiman Marcus, Nordstrom, Tiffany, Macy’s, Coach and Louis Vuitton) as well as approximately 5 million square feet of office space. These attractive amenities and a growing live/work/play culture is prompting multifamily development in South Scottsdale, where projects totaling nearly 1,500 new units were in the development pipeline as of mid-2015.

Central Scottsdale is more of the residential hub in Scottsdale, with master-planned communities such as Gainey Ranch and McCormick Ranch that have thousands of residents, primarily living in single-family housing. Many of the residents in Central Scottsdale commute to the nearby employment corridors to the north and south, but the area also has a significant and growing office

environment. The Central Scottsdale submarket features approximately 7 million square feet of office space - buildings are located along Scottsdale Road, Hayden Road, Shea Boulevard and the Loop 101 - and the primary expansion areas surround the Salt River Pima-Maricopa Indian Community. Recent developments on the reservation have included the 496-room Talking Stick Resort, Top Golf and the Salt River Fields sports complex. These projects surround one of the larger retail projects in Scottsdale, the 950,000 square foot Pavilions shopping center located at the Loop 101 and Indian Bend Road. The area is amenity-rich, with a number of local restaurants and bars that cater to the needs of both the local residential population as well as the daytime employees that work in the area during the week. The area is also is well-suited to accommodate the high-end business or recreational traveler. In addition to the Talking Stick Resort, Central Scottsdale also includes the 493-room Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.

North Scottsdale is the primary business district in Scottsdale. The area includes the Scottsdale Airpark, which has nearly 12 million square feet of office space and 6.7 million square feet of industrial/flex space. The area is home to several hundred businesses employing more than 40,000 workers. Multifamily construction in the Airpark is beginning to materialize, with projects totaling more than 900 units currently under way.


MAYO CLINIC PHOENIX CAMPUS EXPANSION

The capital improvement project will include, among other elements, a six-story patient

tower that will increase the number of patient beds from 280 to 374 by 2023. The expansion also will add a new emergency department, an outpatient surgery center and a 1,000-space underground patient parking garage, among other improvements to its 210-acre campus located near Loop 101 and 56th Street in North Phoenix. In total, the project will add 1.4 million square feet of building space to the existing 1.7 million and add an additional 2,000+ jobs.

AMERICAN EXPRESS (AMEX) NORTH PHOENIX EXPANSION

American Express is creating a fourth building on its 90-acre

Desert Ridge campus at 56th Street and Mayo Boulevard in North Phoenix. The new four-story, 300K SF-plus building will be located on the north side of the campus, closest to Mayo Boulevard and “will have four wings, an outdoor common area and a modern and collaborative work environment.” There are currently three buildings on the campus. When finished, roughly 3,000 employees move from a leased facility on North 31st Avenue and occupy the new building.

NATIONWIDE INSURANCE REGIONAL HEADQUARTERS

Nationwide Realty, the real estate investment arm of Nationwide Insurance, purchased 134 acres from the State Land Trust in September 2018 at auction for $83 million.

A 134-acre development focused around a regional headquarters for insurer Nationwide will break ground around the middle of 2020 in Scottsdale. The mixed-use complex at the southwest corner of Hayden Road and Legacy Boulevard north of Loop 101, will feature office buildings, apartments, stores, restaurants, a parking structure and two hotel sites.

Nationwide, the first anchor tenant of what will be known as Cavasson, will move roughly 2,200 employees to the facility, starting in late 2020, with room to expand. The facility will consolidate more than 1,700 Nationwide employees currently working in various offices in and around Scottsdale. Most additional workers will be new hires in the area.

The site will feature 1.8 million square feet of commercial office space, 1,600 apartment units and $30 million in infrastructure investments including roads, sidewalks and flood-control improvements.


The Scottsdale Airpark is the primary business district in the city of Scottsdale. The Scottsdale Airpark features more than 30 million square feet of commercial real estate, including nearly 13 million square feet of office space.

Discount Tire, which is the world’s largest tire and wheel retailer, has been headquartered in the Scottsdale Airpark for more than 15 years, and recently purchased the company’s headquarters building, ensuring that the company will maintain a large presence for years to come. Another local company with a headquarters in the Scottsdale Airpark is Axon, which was formerly known as Taser International. The company’s headquarters and manufacturing are operated out of the Scottsdale Airpark, where the company has had a presence for approximately 20 years.

Financial companies have long played a large role in the Scottsdale Airpark. Financial giant Vanguard has nearly 2,000 employees in a company-owned campus in the Scottsdale Airpark, and the company has expanded its local employee base by approximately 20 percent over the past five years. Other prominent financial and insurance companies operating in the Scottsdale Airpark include: Morgan Stanley, New York Life and Mass Mutual.

The area received an economic boost in 2016, when North Carolina-based manufacturing company Carlisle Companies announced plans to move the company’s corporate headquarters to the Scottsdale Airpark. The Fortune 1000 company moved 40 jobs to Scottsdale and will ultimately bring about 120 jobs from North Carolina.

The Scottsdale Airpark has traditionally been a popular area with local homebuilders, which could be a source of growth in the years to come as the local housing market gains momentum. Pulte Homes, Meritage Homes and Maracay Homes are all located in the Scottsdale Airpark. Many lenders and title companies also operate within the submarket.

The Scottsdale Airpark is an amenity-rich area, featuring more than 8 million square feet of retail space. The Kierland area is a high-end area for retailers. The mix of top retailers, 5-star resorts, and upscale restaurants truly make Kierland a luxurious destination. There is over 720,000 square feet of retail space in this neighborhood, featuring the 150,000 square foot lifestyle center called Kierland Commons. Significant retailers in this shopping center include Tommy Bahama, Michael Kors, Z Gallerie, Crate and Barrel, and Allen Edmonds. Mastro’s Ocean Club is also located in this high-end lifestyle center.

Not located directly in Kierland, but located within walking distance from Kierland is the Scottsdale Promenade. The Scottsdale Promenade is a 78-acre shopping center located at Frank Lloyd Wright and North Scottsdale Road. This shopping center has a wide variety of tenants ranging all the way from Living Spaces Furniture to Saks Fifth Avenue. Other large tenants in this shopping center include Nordstrom Rack, Michaels Arts and Crafts, Steinmart, Pier 1 Imports, and OfficeMax. Some up-scale dining options include The Capital Grille, Maggianos, and Benihana.

The Scottsdale Airpark features a mix of power centers, neighborhood, lifestyle and community centers. The Scottsdale 101 power center is located at the Loop 101 and Scottsdale Road. The center features a Harkins Theatre, an Ashley Furniture, a Dick’s Sporting Goods and several other retailers. In addition to traditional retailers, there is an auto mall for luxury autos including Porsche, Land Rover, Audi and Jaguar. The 41-acre site includes nearly a dozen franchises.

The Scottsdale Airpark features hundreds of hotel rooms, at luxury resorts such as the Westin Kierland resort, the Fairmont Scottsdale Princess and several others. Scottsdale is a travel destination for both business and leisure travel, and is the home to the PGA Tour’s Waste Management Phoenix Open, which is the most heavily attended professional golf event in the U.S.

SCOTTSDALE AIRPARK


RANKING FOR US JOB SEEKERS

RANK CITY TOTAL SCORE

JOB MARKET RANK

SOCIO-ECONOMICS RANK

1 SCOTTSDALE, AZ 66.58 2 6

2 Columbia, MD 65.78 4 5

3 Orlando, FL 64.76 1 48

4 San Francisco, CA 64.67 3 25

5 Colorado Springs, CO 62.85 6 42

6 Portland, ME 62.81 8 36

7 PLANO, TX 62.62 5 55

8 Washington, DC 61.79 11 32

9 Boston, MA 61.70 7 73

10 Chandler, AZ 61.65 14 11

The city is growing at an annual rate of approximately 1.5 percent per year, slightly faster than the statewide pace of expansion. This pace of growth has been driven by the well-educated local workforce and companies that continue to target Scottsdale as a favorable location to do business. More than 95 percent of adults in Scottsdale have at least a high school diploma (compared to 85 percent statewide) and more than 50 percent of Scottsdale residents have a bachelor’s degree or higher (compared to 27 percent statewide). Businesses looking to establish a presence in Arizona due to the state’s pro-business climate and affordable cost of living consistently target Scottsdale to attract the talent they need to run their enterprises.

Demographics in Scottsdale are favorable, with a median household income of nearly $85,000 per year

more than 40 percent higher than the statewide median. Elevated incomes have resulted in two housing-related outputs: elevated home ownership (nearly 70 percent of households) and high home prices (a median of nearly $471,800, more than double the statewide figure). These trends also impact rental housing, as apartment rents in Scottsdale average approximately $1,377 per month.

Scottsdale has a diverse economic base and elevated incomes. The city is the premier tourism destination in the Phoenix metro area, with high-end resorts such as The Phoenician, The Camelback Inn, the Four Seasons and the Fairmont Princess. Annual tourism volumes top 7 million visitors for the more than 15,000 hotel rooms in the city. The city is home to the Waste Management Phoenix Open each winter, which annually sets records

for attendance of more than 500,000 for tournament week and the Barrett-Jackson Collector Car Auction.

The healthcare industry is a large and growing segment of the local economic base. HonorHealth, which is the new name of the combined Scottsdale Healthcare and John C Lincoln Health Network, is the largest employer in Scottsdale. The five-hospital organization boasts approximately 10,500 workers, making the company the seventh largest employer in the state of Arizona, immediately behind semiconductor giant Intel. Other prominent healthcare employers in Scottsdale include CVS Caremark’s Corporate Office (2,200 workers) and the world-renowned Mayo Clinic (2,100 workers), which was named by U.S. News and World Report as the top-performing hospital in Arizona.

Scottsdale ranks No. 1 in the US for job seekers, according to a new study

by WalletHub. The Washington, D.C.-based financial

advice website compared more than 180 cities with

30 metrics concerning job-market strength.

HEAT MAP - AVERAGE HOUSEHOLD INCOME


HEAT MAP - AVERAGE HOME VALUE


HEAT MAP - POPULATION DENSITY



DEMOGRAPHIC OVERVIEW

Source: National Investment Center for Seniors Housing & Care (NIC) www.nic.org/nic-map


TRADE AREA5 MI RADIUS

45-645 MI RADIUS

65-745 MI RADIUS

75+10 MI RADIUS

65-7410 MI RADIUS

65-7410 MI RADIUS

75+

No. Households 88,770 3,896 1.977 50,459 19,812 10,519

Growth Rate* -0.52% 3.05% 7.49% -0.01% 3.31% 6.39%

% Of Total Households 47.16% 20.95% 10.63% 39.42% 15.48% 8.22%

Median Income $118,444 $95,209 $54,490 $95,208 $77,277 $46,270

Median Home Value $456,906 $339,932

DEMOGRAPHICS

*Projected Annualized Growth rate 2018-2023Source: ESRI 2018

GEOGRAPHYCOUNTY45-64

COUNTY65-74

COUNTY75+

METRO45-64

METRO65-74

METRO75+

NATIONAL45-64

NATIONAL 65-74

NATIONAL75+

No. Households 559,082 227,756 170,069 607,210 254,286 186,381 46,604,267 18,572,717 13,846,197

Growth Rate* -0.11% 2.65% 4.07% -0.07% 2.60% 4.15% -0.75% 2.54% 3.24%

% Of Total Households 34.81% 14.18% 10.59% 34.70% 14.53% 10.65% 37.55% 14.96% 11.16%

Median Income $73,698 $56,123 $37,133 $72,254 $55,458 $36,910 $71,024 $52,012 $33,107

Median Home Value $237,947 $230,637 $218,492


SENIOR HOUSING DATA


Occupancy Charts | Property Advisor Report | 4302 E Lone mountain Road, phoenix, AZ - 10 Mile

© 2020 National Investment Center for Seniors Housing & Care, Inc. (NIC). All rights reserved. Data believed to be accurate but not guaranteed; subject to future revision.

This report is a part of the NIC MAP® Data Service (NIC MAP). Distribution of this report or any part of this report without prior written consent or license by NIC is strictly prohibited.

Subject to the NIC Terms of Use. For license information please contact NIC at 410-267-0504.

Date Printed: 4/13/2020 12:29:27 PM

Source: NIC MAP® Data Service. Use of NIC MAP® data is subject to the NIC MAP® Data Attribution Requirements (https://map.nic.org/#/dataAttributionStandalone).

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SEGMENT OCCUPANCY TRENDS - Q1 202010-mile Radius - 4302 E Lone Mountain Rd, Cave, Creek, AZ

Average Rent Charts | Property Advisor Report | 4302 E Lone mountain Road, phoenix, AZ - 10 Mile

© 2020 National Investment Center for Seniors Housing & Care, Inc. (NIC). All rights reserved. Data believed to be accurate but not guaranteed; subject to future revision.

This report is a part of the NIC MAP® Data Service (NIC MAP). Distribution of this report or any part of this report without prior written consent or license by NIC is strictly prohibited.

Subject to the NIC Terms of Use. For license information please contact NIC at 410-267-0504.

Date Printed: 4/13/2020 12:29:27 PM

Source: NIC MAP® Data Service. Use of NIC MAP® data is subject to the NIC MAP® Data Attribution Requirements (https://map.nic.org/#/dataAttributionStandalone).

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18

4Q20

19

SH Phoenix, AZ Metro SH Comparable Set Primary Markets

$500$1,000$1,500$2,000$2,500$3,000$3,500$4,000$4,500$5,000

4Q20

05

4Q20

06

4Q20

07

4Q20

08

4Q20

09

4Q20

10

4Q20

11

4Q20

12

4Q20

13

4Q20

14

4Q20

15

4Q20

16

4Q20

17

4Q20

18

4Q20

19

IL Phoenix, AZ Metro IL Comparable Set Primary Markets

$1,500$2,000$2,500$3,000$3,500$4,000$4,500$5,000$5,500$6,000$6,500

4Q20

05

4Q20

06

4Q20

07

4Q20

08

4Q20

09

4Q20

10

4Q20

11

4Q20

12

4Q20

13

4Q20

14

4Q20

15

4Q20

16

4Q20

17

4Q20

18

4Q20

19

AL Phoenix, AZ Metro AL Comparable Set Primary Markets

$3,000$3,500$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500

4Q20

05

4Q20

06

4Q20

07

4Q20

08

4Q20

09

4Q20

10

4Q20

11

4Q20

12

4Q20

13

4Q20

14

4Q20

15

4Q20

16

4Q20

17

4Q20

18

4Q20

19

MC Phoenix, AZ Metro MC Comparable Set Primary Markets



SEGMENT AVERAGE RENT TRENDS - Q1 202010-mile Radius - 4302 E Lone Mountain Rd, Cave, Creek, AZ


4302 E Lone mountain Road, phoenix, AZ

Existing Inventory

Pin No. Property Name Address City State ZIP Operator Property

StatusTotal Open Spaces Distance

1 Lone Mountain Memory Care

7171 East Lone Mountain Road Scottsdale AZ 85266 Spectrum Retirement

Communities, LLC Open

IL Units: 0AL Units: 0MC Units: 12NC Beds: 0

3.6

2 LivGenerations Pinnacle Peak

23733 North Scottsdale Road Scottsdale AZ 85255 Retirement Community

Specialists Open


6.1

3 Vi at Silverstone 23415 N Scottsdale Rd Scottsdale AZ 85255 Vi Senior Living Open


6.2

4 The Heritage at Carefree Independent Living 36590 N Pima Rd Carefree AZ 85377 N/A Open


6.4

5LifeStream Complete Senior Living at Northeast Phoenix

20802 N Cave Creek Rd Phoenix AZ 85024 Lifestream Complete

Senior Living Open


7.1

6 Sagewood 4555 E Mayo Blvd Phoenix AZ 85050 Life Care Services LLC Expansion


7.2

7 Brookdale Desert Ridge 4050 E Bluefield Ave Phoenix AZ 85032 Brookdale Senior Living Open


8.1

https://www.microsoft.com/en-us/maps/product/terms-april-2011Bing Maps Terms:

Properties in 10.0 Mile Radius: 14 Total Spaces: 2,287Properties in 5.0 Mile Radius: 1

3Site Information Report Date Printed: 6/4/2019 10:57:14 AM

© 2019 National Investment Center for Seniors Housing & Care, Inc. (NIC). All rights reserved. Data believed to be accurate but not guaranteed; subject to futurerevision. This report is a part of the NIC MAP® Data Service (NIC MAP). Distribution of this report or any part of this report without prior written consent or license byNIC is strictly prohibited. Subject to the NIC Terms of Use. For license information please contact NIC at 410-267-0504.

Pin No. Property Name Address City State ZIP Operator Property

StatusTotal Open Spaces Distance

8 Vi at Grayhawk 7501 E Thompson Peak Pkwy Scottsdale AZ 85255 Vi Senior Living Open


8.2

9 Life Care Center of Paradise Valley 4065 E Bell Rd Phoenix AZ 85032 Life Care Centers Of

America Open


9.1

10 Merrill Gardens at Anthem 2800 West Rose Canyon Circle Anthem AZ 85086 Merrill Gardens, L.L.C. Open


9.2

11 Pacifica Senior Living 16621 N 38th St Phoenix AZ 85032 Pacifica Senior Living Expansion


9.2

12 Ridgecrest Healthcare 16640 N 38th St Phoenix AZ 85032 N/A Open


9.2

13 Maravilla Scottsdale 7325 E Princess Blvd Scottsdale AZ 85255 Senior Resource Group Open


9.5

14 Sunshine Village 2606 E Greenway Pkwy Phoenix AZ 85032 Viewpoint LLC Open


10.0

Source: NIC MAP Data Service.*

4302 E Lone mountain Road, phoenix, AZ

Existing Inventory

4Site Information Report Date Printed: 6/4/2019 10:57:14 AM

© 2019 National Investment Center for Seniors Housing & Care, Inc. (NIC). All rights reserved. Data believed to be accurate but not guaranteed; subject to futurerevision. This report is a part of the NIC MAP® Data Service (NIC MAP). Distribution of this report or any part of this report without prior written consent or license byNIC is strictly prohibited. Subject to the NIC Terms of Use. For license information please contact NIC at 410-267-0504.


EXISTING INVENTORY - Q1 2019

Pim

a Rd

Carefree Hwy

Van Buren St

Buckeye Rd

Cent

ral A

ve

Camelback Rd

Peoria Ave

Northern Ave

67th

Ave

Shea Blvd

Bell Rd

McKellips Rd

Main St

Bush Hwy

Scot

tsda

le R

d

Ells

wor

th R

d

Pow

er R

d

Queen Creek Rd

Litc

hfiel

d Rd

Reem

s Rd

Cotto

n Ln 51

st A

ve

Lake

Ple

asan

t Pkw

y

Cave

Cre

ek R

d

Happy Valley Rd

7th

StBell Rd

7th

St

7th

Ave

Baseline Rd

Rura

l Rd

Baseline Rd

Camelback Rd

51st

Ave

67th

Ave

Riggs Rd

1

1276

511

3

8

10

2

4

914

13



EXISTING INVENTORY - Q1 2019

Presented by:

TIM DULANY Senior Vice President DIRECT +1 602 222 5186 MOBILE +1 602 330 4468 [email protected]

PHILIP WURTH Executive Vice President DIRECT +1 480 655 3310 MOBILE +1 602 369 9261 [email protected]

COLLIERS INTERNATIONAL2390 E Camelback Rd | Suite 100 Phoenix, AZ 85016P: +1 602 222 5000

COLLIERS INTERNATIONAL8360 E Raintree Dr | Suite 130 Scottsdale, AZ 85260P: +1 480 596 9000


Documents

SENIOR HOUSING LAND - FOR SALE · 2020. 4. 28. · SENIOR HOUSING LAND - FOR SALE 100 units of Assisted Living/Memory Care Colliers International 2390 E Camelback Rd | Suite 100 Phoenix,