2020 Mclintock - LoopNet€¦ · 2020 MCCLINTOCK OFFERING MEMORANDUM 3 ELLIOT RD GUADALUPE RD CHANDLER BLVD QUEEN CREEK RD RIGGS RD APACHE TRL ... 24 Uncovered, unreserved Property

O F F E R I N G M E M O R A N D U M

2020 Mcclintock2020 S. Mcclintock Drive

teMpe, AZ 85282

CBRE.COM/PHOENIX

A ±11,309 SF OFFICE BUILDING FOR SALE

22020 MCCLINTOCK | OFFERING MEMORANDUM

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and

benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents,

including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2017 CBRE, Inc. All Rights Reserved.


ELLIOT RD

GUADALUPE RD

CHANDLER BLVD

QUEEN CREEK RD

RIGGS RD

APACHE TRL

HAPPY VALLEY RDHAPPY VALLEY PKWY

DEER VALLEY RD

THUNDERBIRD RD

CACTUS RD

DYNAMITE BLVD RIO VERDE DR

LONE MOUNTAIN RD

PINNACLE PEAK RD

CACTUS RD

BETHANY HOME RD

SUN VALLEY PKWY

PATTON RD

NORTHERN AVE

OLIVE AVE

YUMA RD

LOWER BUCKEYE RD

VAN BUREN ST

BUCKEYE RD

DOBBINS RD

BUCKEYE RD

40TH

ST

HIGLEY

APACHEJUNCTION

SUN LAKES

SUN CITY WEST

AVONDALE

SURPRISE

ANTHEM

HUNT HWY

10

10

17

58787

NORTH

NOT TO SCALE

2020 Mcclintock2020 McClintock


EXECUTIVE SUMMARY

2020 McClintock is a 100% leased, approximately 11,309 rentable square foot multi-tenant garden office building located in the heart of Tempe. Listed for sale at $1,575,000.00, this is a great opportunity for an owner/user or corporate headquarters to own their own building due to ±9,268 square feet coming available over the next 9 months as a result of ManageIT’s lease expiration at the end of September 2017, Complete Integrated Solution’s month-to-month tenancy and SequalCare of AZ not occupying the space but still paying rent. The building has prominent signage on McClintock Road, a major road serving Tempe, and its location makes for an easy commute as its located in the center of the Greater Phoenix Metropolitan Area and is surrounded by four major freeways. The building is conveniently located 0.7 miles south of the McClintock /Apache Light Rail Station and has abundant canopy and surface parking just steps away from the building.

The Tempe submarket is the Valley’s second largest submarket as tracked by CBRE, with an overall vacancy of 6.45%, and has become one of the premier locations for business in the Phoenix metropolitan area.

Property Name: 2020 McClintock

Property Address: 2020 South McClintock Drive, Tempe, AZ 85282

Sales Price: $1,575,000.00 ($139.27 Per Square Foot)

Property Type: Single-story, multi-tenant office building

Year Built: 1998

Building Size: ±11,309 Square Feet

Occupancy: 100%*±9,268 RSF could be available within the next 9 months

Site Area: ±0.97 Acres (42,209 square feet

Floors: 1

Parcel Number: 133-31-282A, 133-31-282B

Zoning: RO, Residential Office by the City of Tempe

Parking: 3.98/1,000 Square Feet45 Spaces; 21 Covered, reserved; 24 Uncovered, unreserved

Property Taxes: $20,272 (2016 Actual)

BUILDING SPECIFICATIONS


FINANCIALS

# TENANT ± SQ. FT. RENT OpEx Expiration

Date Notes

101 Corridor Mortgage Group 2,041

Paying $14.00Mar-2018 $14.50 2016

Base Year 2/28/19

104 ManagerIT, Inc. 2,023 Paying $11.95 2014 Base Year 9/30/17 Vacating at lease expiration

105 SequelCareof AZ, LLC 2,659 Paying $15.00 2012

Base Year 8/31/18 Paying rent but not occupying space

107Complete Integrated Solutions

1,760

Paying $13.40Sep-2017 $13.45, with $0.05 monthly

increases, thereafter.

2015 Base Year MTM month-to-month

109 Journeys Counseling Center 2,826 Paying $15.07 2011

Base Year 5/31/18

RENT ROLL


AMENITY MAP

1 1 12 2 23 3 34 4

1

1

2

3

12

3

4

3

4

2

Arizona State University (ASU) Tempe Campus

Tempe Town Lake

Tempe Diablo Stadium

Desert Botanical Garden / Phoenix Zoo / Papago Park

Tempe Marketplace

Tempe Center for the Arts

ASU Gammage

Sloan Park (Chicago Cubs Spring Training)

ASU Karsten Golf Course

Papago Golf Course

Rolling Hills Golf Course

2020 Mcclintock

ATTRACTIONS RETAIL / ENTERTAINMENT GOLF

McC

linto

ck D

rive

Broadway Road

Scot

tsda

le R

oad

Prie

st D

rive


NOT TO SCALE

2020 MCCLINTOCK

AERIAL AND PARKING MAPS

±2 Minutes

101

S McClintock D

r

E Broadway Road

Building - ±11,309 SF

45 Parking Spaces:21 Covered/Reserved Spaces24 Uncovered/Unreserved Spaces

Capacity:1 Space: 250 SF Ratio2 Spaces: 500 SF(1 Covered/1 Uncovered)


W.C.

ENTRY

NOT TO SCALE

2020 S. McCLINTOCK DR.SUITE 101 FLOOR PLAN | ±2,041 RSF

N



NOT TO SCALE

N

ENTRY

NETWORK&

PHONE



NOT TO SCALE N

ENTRY

OFFICE

OFFICE

OFFICE


2020 S. McCLINTOCK DR.SUITE 107 FLOOR PLAN | ±1,760 RSFENTRY

OFFICE

OPEN OFFICE

OFFICE OFFICE

BREAK ROOM

RESTROOM

CONFERENCEROOM

RECEPTION

NOT TO SCALE N



NOT TO SCALE N

ENTRY

BRAD ANDERSONExecutive Vice President+1 602 735 [email protected]

LAUREN ANDERSONSales Assistant+1 602 735 [email protected]

2415 E CAMELBACK RDPHOENIX, AZ 85016

INVESTMENT CONTACTS AND TO SCHEDULE A TOUR

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

MIKE STRITTMATTERSenior Associate+1 602 735 [email protected]

2020 Mclintock - LoopNet€¦ · 2020 MCCLINTOCK OFFERING MEMORANDUM 3 ELLIOT RD GUADALUPE RD CHANDLER BLVD QUEEN CREEK RD RIGGS RD APACHE TRL ... 24 Uncovered, unreserved Property

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