SITE C - Cushman & Wakefield SITE C SEC RIO SALADO PKWY & PRICE ... over 100 dining and shopping options, including more restaurants concentrated in one area ... Nordstrom Rack, Best

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Tempe Town LakeaSU KarSten

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Outdoor Shopping & Entertainment

1.3 M SF

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Papago ParkMill Avenue District

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Sloan Park Chicago Cubs

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MCCLINTOCK DRIVE

AVAILABLE FOR PURCHASE±9.29 Acre Premier Tempe Development Site SEC RIO SALADO PARKWAY & PRICE ROAD| TEMPE, AZ

David Fogler602.224.4443 [email protected]

Steven Nicoluzakis602.224.4429 [email protected]

MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS

SITE ±9.29 AC

SEC RIO SALADO PKWY & PRICE ROAD

Offered on Behalf of

THE OFFERING

±9.29 Acre Premier Tempe Development SiteSEC RIO SALADO PARKWAY & PRICE ROAD | TEMPE, AZ

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±9.29 acre infill development site located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, Arizona. The site is positioned between two outdoor destination shopping centers, Tempe Marketplace and Mesa Riverview with immediate access to the Loop 101 and 202 freeways, Sky Harbor International Airport and the rest of the Valley. Tempe Town Lake, Marina Heights (a two million square foot mixed use project and home to State Farm) and the Chicago Cubs spring training facility are all within close proximity. Arizona State University (ASU) is approximately two miles to the west of the site, and Downtown Tempe/Mill Avenue, with its many dining, shopping and entertainment options, is approximately three miles away. Downtown Tempe is one of the strongest and most actively developing submarkets in the entire Phoenix Metro area with a number of commercial and residential projects currently under construction or scheduled to begin in 2016.

Rio Salado Parkway

100,178 vehicles per day106,327 vehicles per day

20,804 vehicles per day

Price Road

SITE ±9.29 AC



SITE FEATURES

Traffic Counts**North of Rio Salado on Loop 101: 100,178 vehicles per day

South of Rio Salado on Loop 101: 106,327 vehicles per day

East of Loop 101 on Rio Salado: 20,804 vehicles per day

West of Loop 101 on Rio Salado: 23,422 vehicles per day

Parcel Map Site DetailsZoning: RI-6, City of Tempe

Parcel Number: 135-39-003A

Gross Site Area: ±9.29 Acres / ±404,770 Square Feet

Address: 2325 East Rio Salado Parkway, Tempe, AZ 85281

Current Use: ASU Surplus Property Facility

Demographics*1 Mile 3 Miles 5 Miles

Population (2015): 10,668 136,041 330,995

Population (2020 Projection): 11,653 146,492 350,399

Households (2015): 4,826 54,878 134,458

Households (2020 Projection): 5,318 59,749 143,311

Average Household Income (2015): $43,442 $45,860 $52,618

Median Age (2015): 27 27.7 30.2

*Source: Esri 2015 | **Source: Google Earth 2015, ADOT

815

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815’

496.79’

497’

Price Road

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UNIVERSITY DRIVE

RIO SALADO PARKWAY

MCCLINTOCK DRIVE

EVERGREEN ROAD

DOBSON ROADBroadway 101

Commerce Park

ChandlerFashion Square

Tempe

Chandler

Aerial Map Looking South


SITE ±9.29 AC



Riverview Park

Mesa RiverviewOutdoor Shopping &

Entertainment1.1 M SF

UNIVERSITY DRIVE

EVERGREEN ROAD

DOBSON ROAD

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Tempe

mesa

Aerial Map Looking East


SITE ±9.29 AC


AREA AMENITIESTempe is the Valley’s only true walkable, urban environment. It is also a bicycle friendly community. The Metro Light Rail connects Tempe to Phoenix, Mesa and Sky Harbor International Airport. The Orbit free bus connects Tempe neighborhoods and business to the Mill Avenue District.

Mill Avenue / Downtown Tempe The vibrant Mill Avenue/Downtown Tempe area has over 100 dining and shopping options, including more restaurants concentrated in one area than any other restaurant row in the Valley. Tempe residents can also catch a play at ASU Gammage or symphony performance at Tempe Center for the Arts.

Arizona State University (ASU) Tempe is home to the main campus of Arizona State University, the nation’s second-largest university campus with over 75,000 students. The campus is home to numerous Pac-12 sporting events and contains a wide diversity of arts venues and events.

Over 4 million tourists each year enjoy the Insight Bowl, Spring and Fall Festivals of the Arts, spring training games for the Anaheim Angels, New Year’s Eve Block Party and year-round cultural and sporting events at Arizona State University.

In addition to ASU, Tempe is home to more than a dozen trade schools, colleges and universities including the University of Phoenix, Rio Salado College, Southwest College of Naturopathic Medicine and the University of Advancing Technology.

Tempe Marketplace Nearby Tempe Marketplace has a unique selection of specialty and national retail stores such as Target, Nordstrom Rack, Best Buy, Barnes & Noble, DSW, GAP, JC Penney, BevMo, Old Navy, Total Wine, Pier 1 Imports and many more, plus a 16-screen

Harkins Theater and an assortment of nearly 26 upscale, casual-theme restaurants including King’s Fish House, California Pizza Kitchen, Lucille’s Smokehouse Bar-B-Que, The Thirsty Lion, Ruby Tuesday, Red Robin and The Keg.

Mesa RiverviewAlso nearby is Mesa Riverview, a regional, open-air destination shopping center featuring anchor stores such as Bass Pro Shops, Home Depot, Bed Bath and Beyond, Petco, Walmart, Marshalls, Office Max, Jo-Ann Fabrics, Howie’s Game Shack and Sports Authority. Dining options include Chili’s, Cracker Barrel, Logan’s Roadhouse, Panda Express, Yogi’s Teriyaki & Grill, Rubio’s Fresh Mexican Grill, Famous Dave’s, The Brass Tap and more. The Cinemark Theater offers 16 screens and electric-powered recliners. Tempe Beach Park One of the top recreational attractions in Arizona and centerpiece to the Tempe community, Tempe Beach Park offers more than five miles of paths and exercise trails, picnic areas and ramadas. Tempe Beach Park hosts over 75 events and festivals each year, including PF Chang’s Rock ‘n’ Roll Marathon, the Ironman Arizona triathlon, Octoberfest, Fourth of July Festival and many others.

Riverview Park After a major renovation project, Riverview is now home to the Cubs Spring Training Facility, Sloan Park, with its 15,000-seat ballpark and 7 practice fields, and the park itself has been transformed into a premier recreation destination. Riverview is home to Sloan Park, the new Spring Training home of the Chicago Cubs, a community fishing lake, spray ground with multiple water features, and a playground extraordinaire with a 50 foot tall Genesis climbing tower, a 60 foot long caterpillar mesh rope climbing structure and playground clusters.

Sources: Arizona Dept of Commerce, the Republic-azcentral.com, Tempe Chamber of Commerce, mesaaz.com, mesariverview.com, tempemarketplace.com and visitmesa.com


Company # of Employees

Arizona State University 11,185

State Farm (projected employees) 8,000

Maricopa Community Colleges 4,611

Salt River Project (SRP) 4,374

Safeway, Inc. 3,996

Wells Fargo 3,576

Freescale Semiconductor (Motorola) 3,000

Honeywell 3,000

Kyrene School District 2,401

Chase Manhattan Corporation 2,377

AREA EMPLOYMENTTempe’s prime location in the center of metropolitan Phoenix contributes to its success in attracting and keeping dynamic companies within its borders. Tempe is surrounded by freeways providing quick and easy access to Sky Harbor International Airport and major job centers around the Airport, in Downtown Phoenix, the Camelback Corridor, Downtown Scottsdale and the Loop 101 employment corridor extending north from Chandler.

Tempe is home to more than 100 office complexes and developments. Three of Tempe’s beautifully planned business parks – Arizona State University Research Park, Papago Park Center and Fountainhead Corporate Center – are home to internationally recognized companies. Broadway 101 Commerce Park, located southeast of the ASU site, is a 52-acre master planned business park with ±808,000 square feet of office, showroom, manufacturing and warehouse/distribution space in 11 buildings, and currently home to Aviall - a Boeing Company, NAPA, Mitel, World Wide Technology, Inc., Siemens, BraunAbility and Superior Pool, to name a few.

Many of Tempe’s manufacturing and service firms are international companies. Familiar names include State Farm, Honeywell, Insight, Wells Fargo and Medtronic Microelectronics. Tempe is the headquarters and executive office of companies such as Insight

Enterprises. Limelight Networks, LifeLock, First Solar, Fulton Homes and Mobile Mini. Tempe’s 170,373 residents are among the most educated in the metropolitan area. This means businesses looking for informed, well-trained employees will likely find them in Tempe.

Marina Heights The largest office development in Arizona history, Marina Heights in Tempe covers an area of approximately 20 acres. This 2 million square foot project includes five office towers of varying heights, three to four stand-alone retail buildings (40,000 square feet), and two below grade parking garage levels. State Farm will occupy approximately 1.9 million square feet of the development and will employ 8,000 workers. Price Corridor The Price Corridor is technology and employment stretching from Chandler through Tempe, with a commercial real estate mix of Class ‘A’ office, executive office suites, light industrial parks, mixed-use projects and corporate and technology campus settings. This burgeoning high-technology center along with friendly neighborhoods, excellent schools and a thriving shopping and dining scene, has made the Price Corridor a powerful magnet for notable industry leaders.

Top Tempe Employers

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MCDOWELL RD

MCKELLIPS RD

CURRY RD

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MesaRiverviewTempe

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Training Facility

Mesa Community College

Fiesta Mall

ASU

Arizona Mills

South Mountain Community College

PHOENIX SKY HARBOR INTL AIRPORT

Light Rail

Light RailEast Valley Institute

of Technology

Desert Palms

Cushman & Wakefield Copyright © 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushman & Wakefield is not responsible and expressly disclaims all liability for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.

For more information please contact:

David Fogler602.224.4443 [email protected]

Steven Nicoluzakis602.224.4429 [email protected]

LIGHT RAIL


MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS


LIGHT RAIL

SCOTTSDALE

FOUNTAINHILLS

PARADISE VALLEY

PHOENIXSKY HARBOR

AIRPORT

PHOENIX

TOLLESONGOODYEAR

AVONDALE

SURPRISE

GLENDALE

SUNCITY

GILBERT

QUEENCREEK

CHANDLER

TEMPE

PEORIA

MESA

Offered on Behalf of

Documents

SITE C - Cushman & Wakefield SITE C SEC RIO SALADO PKWY & PRICE ... over 100 dining and shopping options, including more restaurants concentrated in one area ... Nordstrom Rack, Best