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NWC SHEA BLVD AND SAGUARO BLVD, FOUNTAIN HILLS, AZ
Land for Sale | Zoning Approved: Senior Assisted and Independent Living
TIM DULANY VICE PRESIDENT | NATIONAL SENIOR HOUSING GROUP+1 602 222 5186 | MOBILE +1 602 330 4468 [email protected]
Exclusively Listed By
Asking Price > $2,000,496 ($8.00 per SF)
Land Size > 5.74 Acres
> 250,062 SFZoning of Land > C-1. Zoned approved for 134-bed assisted living, memory care and independent living
The Hemingway at Fountain Hills
PEORIA
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SUN LAKES
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BROADWAY RD BROADWAY RD
LOST DUTCHMAN BLVD
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APACHE TRSUPERSTITION BLVD
WILLIAMS FIELD RD
RITTENHOUSE RD
CHANDLER BLVD
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HUNT HWY
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This planned senior housing land site is entitled for seven separate assisted living/memory care buildings, two independent buildings and one clubhouse building. Each building includes offices, laundry, beauty parlor, medicine storage, living room, library, dining area, warming kitchen and patio area.
Price includes all working construction drawings, design plans and entitlements.
SCOTTSDALE
DESERT CANYON GOLF CLUB
SITE
5.74 ACRES LAND FOR SALE
5.74 Acres Land AvailableThe Hemingway at Fountain Hills
Address:Northwest corner of Saguaro Blvd and Trevino Drive, Fountain Hills, AZ
Square Feet: 250,062
Price Per SF: $8.00
Asking Price: $2,000,496
TIM DULANY VICE PRESIDENT | NATIONAL SENIOR HOUSING GROUP
+1 602 222 5186 | MOBILE +1 602 330 4468 [email protected]
Shea
Blv
d
Shea Blvd
Sagu
aro
Blvd
Proposed Elevation Drawings
5.74 AcresThe Hemingway
Entitlements > 134 senior housing units on 5.74 acres with 90 parking spaces
Site Data > Zoned and entitled for 7 buildings of assisted living at 16 units per building and 2 buildings of independent living with 11 units per building, plus clubhouse
Sizes > Buildings: AL - 10,679 SF
IL - 11,169 SF > Assisted units - 343-414 SF (interior units) > Independent units - 548-909 SF (interior units) > Clubhouse - 4,620 SF (commercial kitchen, dining area)
Comments > Construction plans complete, ready to submit for city permit
> 14,500 population in all age categories 50 years and older ad $101,000 incomes both within a 5-mile radius
> Scottsdale Mayo Hospital is 5 miles away and Scottsdale Memorial Hospital is 9 miles away
> Shea corridor zoned for senior housing use is extremely rare; currently none exist
The Hemingway at Fountain Hills
TIM DULANY VICE PRESIDENT | NATIONAL SENIOR HOUSING GROUP
+1 602 222 5186 | MOBILE +1 602 330 4468 [email protected]
Assisted Living Floor Plan
Independent Living Floor Plan
The Hemingway at Fountain Hills
TIM DULANY VICE PRESIDENT | NATIONAL SENIOR HOUSING GROUP
+1 602 222 5186 | MOBILE +1 602 330 4468 [email protected]
Art Walk
Veterans Memorial Plaza
Art Walk
Stroll in the Glow
Fountain Hills, Arizona
FOUNTAIN HILLS is a destination like no other! With our painted Arizona skies, outdoor recreation and adventure, hiking and biking, special events, Sonoran Golf Trail, arts and culture, unique restaurants and award winning spas, the weekend never looked so good.
FUN – An array of outdoor adventures is waiting for you! Hiking, horseback riding, off road Jeep tours, kayaking, golfing, luxurious spas, and fine dining are all within minutes of each other. A Fountain Hills adventure is truly right around the corner.
FRESH – Why live the same day twice? Experience more than
40 special events every year and gain a fresh perspective on what it means to live for the weekend.
FAMILY – Jump from sprinkler to sprinkler in our splash pad, browse the Thursday afternoon Art Walk and Farmers Market, or spread out your blanket for a movie in the park for family friendly fun.
FAST – Located on the outskirts of the valley, a mere 25 minutes from the airport and Downtown Phoenix, Fountain Hills is closer than you think. A world of activities less than a world away.
Source: experiencefountainhills.org
ARE YOU ALL ABOUT ART?
At over a staggering 150 pieces, Fountain Hills is home to one of Arizona’s largest public art collections. From our public Art Walks to the Fountain Hill’s Artists’ Gallery Special Events, there is no shortage of creativity here! Fountain Hills features Docent Led, Self Guided and Special Reservation tours November through April each year.
Source: experiencefountainhills.org
Fountain Hills’ peaceful Veterans Memorial Plaza is the setting for our annual Veteran’s Day tribute. The plaza is a wonderful illustration how vision and dedication bring wonderful public-private projects to fruition.
TRIBUTE TO EACH WAR'S HEROES
Honoring all branches of the Armed Services, the commemorative plaques by local sculptor and Navy veteran Carlos Hadaway offer thanks and recognition of those who have served our county. Overlooking the lake and mountains, it is a peaceful place of contemplation and remembrance. Hadaway’s tribute to the men who served on the USS Arizona and his loving rendition of Bob Hope’s long service are worth a visit in themselves.
Source: thesonoranlifestyle.com
Every year the town of Fountain Hills spends weeks putting thousands of lights up on the Avenue of the Fountains for the holiday season. On the first Saturday of December, all of this preparatory effort culminates in a much-loved event called "Stroll in The Glow." After dark, a brief ceremony ends with the master switch being thrown, bathing the Avenue in a multicolored glow of holiday cheer!
Source: experiencefountainhills.org
POPULATION 1 mi Ring
3 mi Ring
5 mi Ring
2010 Population 1,804 14,399 27,513
2015 Population 1,943 15.921 28,844
2020 Projection 2,090 17,218 30,853
% Population Change 2010 to 2015 7.71% 10.57% 4.84%
% Population Change 2015 to 2020 7.57% 8.15% 6.97%
Growth 2015-2020 7.57% 8.1% 6.97%
HOUSEHOLDS 1 mi Ring
3 mi Ring
5 mi Ring
2010 Households 808 6,775 12,220
2015 Households 848 7,414 12,683
2020 Projection 908 8,004 13,542
Growth 2015-2020 7.08% 7.96% 6.77%
Growth 2010-2015 4.95% 9.43% 3.79%
SENIOR HOUSING 1 mi Ring
3 mi Ring
5 mi Ring
Independent Living 0 0 106
Assisted Living 0 63 91
Nursing Care 0 0 48
FOUNTAIN HILLS BASIC INFORMATION / ECONOMICS
Incorporated 1989
Elevation 1,905-2,100 feet
Nearby freeways SR-87
2016 population 24,008
Average age 53.8 years
# of occupied homes 11,352
# of homes with 65+ resident 7,243
Average Household Income 2016 $101,904
Average Household Net Worth (2016) $1,045,249
Education (some college or higher) 14,979 (77.3%)
Demographic Heat Map Median Age
INCOME 1 mi Ring
3 mi Ring
5 mi Ring
2015 Median Household Income $81,097 $73,518 $83,555
2015 Average Household Income $114,674 $100,733 $111,130
2015 Households by HH Income($100,000-$125,000) 78 631 1,257
2015 Households by HH Income($125,000-$150,000) 49 470 929
2015 Households by HH Income($150,000-$200,000) 106 886 1,444
Demographic Heat Map Income
TIM DULANY VICE PRESIDENT | NATIONAL SENIOR HOUSING GROUP
+1 602 222 5186 | MOBILE +1 602 330 4468 [email protected]
PROPERTY ADVISOR REPORT TM - 3rd Qtr 201610 mile radius - Saguaro Rd & Shea Blvd., Fountain Hills, AZ
Prepared by: Tim Dulany of Colliers International Vice President - National Senior Housing Group 602-330-4468 / [email protected]
© 2015 National Investment Center for Seniors Housing & Care (NIC). All rights reserved. Data believed to be accurate but notguaranteed; subject to future revision. This report is a part of the NIC MAP® Data Service (NIC MAP). Distribution of this reportor any part of this report without prior written consent or license by NIC is prohibited. Subject to the NIC Terms of Use. Forlicense information please contact NIC at 410-267-0504. Date Printed: 10/21/2016 2:09:55 PM
www.NICMAP.org© National Investment Center for Seniors Housing & Care
PROPERTY ADVISOR REPORT
Top 5 OperatorsShareUnitsPropertiesOperator
31.8%3672Senior Lifestyle Corporation (Multiple)
18.7%2161Atria Senior Living (PID# 5809)
11.6%1341Belmont Village Senior Living (PID#14464)
8.9%1031Blue Harbor Senior Living (PID# 1972)
8.7%1001Statesman USA (PID# 4049)
Total Number of Operators: 9
Comp Set Characteristics
Maricopa (AZ)Counties
Phoenix, AZMetros
14Avg Age
1154Units
14Properties
3Q16Annual Change3Q16Annual ChangeQuarterly Change3Q16Inventory
RPIAverage RentOccupancy
Segment Data
$4,1052.3%$4,620613 bps137 bps86.4%462Independent Living
$5,0387.6%$5,822-633 bps-495 bps85.3%463Assisted Living
$5,6750.8%$6,784-530 bps349 bps83.4%229Memory Care
N/A1.4%$307-1,229 bps-377 bps66.4%265Nursing Care
Entrance FeeAverage RentOccupancyUnit MixInventoryUnit TypeSegment
Unit Data
N/AProtectedProtected0.1%1StudioIndependent Living
N/A$4,10282.7%16.9%2371 BedroomIndependent Living
N/A$5,11789.8%14.6%2052 BedroomIndependent Living
N/AProtectedProtected0.2%33 BedroomIndependent Living
N/A$5,08286.6%10.1%142StudioAssisted Living
N/A$6,03385.9%16.7%2341 BedroomAssisted Living
N/A$6,46581.6%6.2%872 BedroomAssisted Living
N/A$6,84685.8%11.5%162StudioMemory Care
N/A$6,65977.0%4.3%611 BedroomMemory Care
N/AProtectedProtected0.4%62 BedroomMemory Care
N/A$30766.4%18.9%265BedsNursing Care
Average Rent By Unit TypeOccupancy By Unit Type
NIC MAP® Property Advisor Report -© National Investment Center for Seniors Housing & Care 23Q16
Date Printed: 10/21/2016 2:09:55 PM
PROPERTY ADVISOR REPORT
Segment Occupancy
NIC MAP® Property Advisor Report -© National Investment Center for Seniors Housing & Care 53Q16
Date Printed: 10/21/2016 2:09:55 PM
PROPERTY ADVISOR REPORT
Segment Average Rent
Segment Relative Performance Indicator (RPI)
NIC MAP® Property Advisor Report -© National Investment Center for Seniors Housing & Care 63Q16
Date Printed: 10/21/2016 2:09:55 PM
Colliers International | National Seniors Housing GroupSpecialized Real Estate Services
Tim Dulany VICE PRESIDENT MEDICAL, SENIOR HOUSING & INVESTMENTS | SALES & LEASING
EDUCATION AND QUALIFICATIONS Bachelor of Science, Community & Regional Planning Iowa State University – Dean’s List Minnesota Real Estate Sales License – 1994 Arizona Dept. of Real Estate Sales License – 1997 Broker’s License – 2005
AFFILIATIONS AND MEMBERSHIPS
Colliers Healthcare Services Practice Group
Colliers Senior Housing Practice Group
National Association of Industrial & Office Properties (NAIOP)
Greater Phoenix Economic Council (GPEC) Ambassador
Commercial Investment Real Estate Institute
Chambers of Commerce: > Greater Phoenix Valley Partnership
CONTACT DETAILS
MOB +1 602 330 4468 DIR +1 602 222 5186 FAX +1 602 222 5001
Colliers International 2390 E Camelback Road Suite 100 Phoenix, AZ 85016
AREA OF EXPERTISE Tim Dulany joined Colliers International in 2009 as an associate vice president and associate broker, specializing in sales and leasing of medical, office and investment properties. He is also a member of Colliers International’s Healthcare Services and Senior Housing practice groups, which are dedicated to providing real estate solutions for the healthcare industry. Tim is a highly respected medical, office, and investment properties specialist in metro Phoenix. With more than 21 years experience, Tim has extensive knowledge of all facets of commercial real estate and financing. He provides the full range of real estate services, including tenant/buyer and landlord/seller representation, consulting services, asset management, development, office condos and condo conversions, strategic planning, build-to-suits, and portfolio management.
Tim also has comprehensive knowledge of all aspects of office building and condo development, including design, manage-ment, financing, construction, sales, and leasing. Tim is a national speaker and educator on the topic of office condos.
PROFESSIONAL ACCOMPLISHMENTS
Tim has represented more than 600 companies and investors to purchase, sell, develop or lease real estate. Tim has consistently been a top producer for transaction volume. At Landmark TCN, he was the #1 sales agent in 2008 and the #2 sales agent in 2006. He was the #1 sales agent at Cavan Commercial in 2003 and 2004.
BUSINESS BACKGROUND Prior to joining Colliers, Tim was an Owner and Associate Broker with Landmark TCN in Phoenix. He was previously with NAI Horizon, Cavan/Logan Commercial, GSIC REIT, and Grubb & Ellis in metro Phoenix. Tim started his commercial real estate career in 1994 with Colliers International’s Minnesota office before moving to Phoenix in late 1997.
COMMUNITY INVOLVEMENT • USA Hockey Association • NAIOP • Greater Phoenix Economic Council • Greater Phoenix Chamber of Commerce • In-Line Skate Association • East Valley Commercial Brokers Network • Valley Partnership
4 NATIONAL SENIORS HOUSING GROUP Colliers International
Our goal is to continue to build the best and most experienced group of seniors housing professionals in the business. Our focus is firmly centered on delivering superior results to our clients with passion and enthusiasm.
GROUP RESOURCES
> Brokerage Services - Facilitating the acquisition and disposition of portfolios and individual facilities nationwide.
> Capital Market Services - Utilizing our vast network of capital markets partners, we connect debt and equity sources with innovative new projects.
> Consulting and Advisory - The National Seniors Housing Group at Colliers International provides a wide array of consulting and advisory services. From strategic planning and site assessment to market research and financial analysis, we are here to assist you from start to finish.
SERVICES OFFERED
> Acquisition/Disposition of Portfolio’s and Individual Facilities
> Sale/Leaseback
> Capital Market Services (Debt/Equity Sourcing)
> Joint Venture Partners
> Land/Development
> Property Valuation and Financial Analysis
> Advisory/Consulting Services
> Market Research
NATIONAL SENIORS HOUSING GROUP
Our VisionSeniors housing institutions are unique and often require creative solutions. The National Seniors Housing Group delivers a full-service platform designed to address the varied needs of all seniors housing asset types, from assisted and independent living facilities to skilled nursing and rehab facilities.
The National Seniors Housing Group aligns our clients’ real estate decisions with their core business goals, customer needs and government regulations.
Accessibility
Financial
Infrastructure
Security
Regulatory
Location
Founding member of the World Green Building Council
Member of World Economic Forum
Named Top 100 service provider more times than any other real estate firm
Ranked #1 real estate company
The second-most-recognized commercial real-estate brand
2012
™
Colliers International NATIONAL SENIORS HOUSING GROUP 7
Updated May 2012
Colliers International offers a comprehensive portfolio of real estate services to occupiers, owners and investors on a local, regional, national and international basis.
In addition to these sectors, we provide our clients with a deep level of knowledge in specialized industries and product types, such as law, technical facilities, and healthcare.
OUR SERVICES 554 OFFICES IN 66 COUNTRIES
Real estate advisors in more than
