171,700 VPD ARI SPIRO 480.634.8596 480.292.3697 [email protected]SEAN STUTZMAN 480.634.8194 480.363.4544 [email protected]VAL VISTA CROSSINGS VAL VISTA CROSSINGS 3617-3701 East Southern Avenue | Mesa 3617-3701 East Southern Avenue | Mesa North Southern Avenue Val Vista Drive 38,844 VPD Developable Pad Developable Pad GREENFIELD GATEWAY CLASS A OFFICE ANCHOR LOCATED IN 900 CITIES WORLDWIDE 18,058 VPD CLASS A OFFICE ANCHOR LOCATED IN 900 CITIES WORLDWIDE ZEMP AUTO REPAIR ZEMP AUTO REPAIR
17
Embed
North VAL VISTA CROSSINGSVAL VISTA CROSSINGS...4.3 miles 8 minutes 3.2 miles 11 minutes 4.7 miles 12 minutes 4.7 miles 13 minutes 5 miles 17 minutes 8 miles 11 minutes 4 miles only
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
ONLY GOODWILL WITHIN 3-MILE DRIVENUMBER OF LOCATIONS ON VAL VISTA DRIVE: 0
NUMBER OF LOCATIONS ON SOUTHERN AVENUE: 3
SOUTHERN AVENUE LOCATIONS:
A COUNTRY CLUB DRIVE - 12 MINUTES/6.2 MILES
B MCCLINTOCK DRIVE - 19 MINUTES/10.3 MILES
C 35TH AVENUE - 35 MINUTES/26.7 MILES
ONLY GOODWILL WITHIN 3-MILE DRIVE
VAL VISTA CROSSINGSVAL VISTA CROSSINGS
PROPERTY PHOTOS 6
REGUS (NAP) 7
-3,000 LOCATIONS, 900 CITIES, 120 COUNTRIES
The Corporate Center at Val Vista, totaling approximately 59,418 square feet, is a two-story flexible office and co-working space in the heart of Mesa. It offers a contemporary designed working environment equipped with high speed WiFi to get work done efficiently. Ready-to-use private office space, virtual office, shared co-working spaces, meeting rooms, and a business lounge are all readily available at Regus.
■ Gym/fitness suite found nearby ■ Outdoor seating area or terrace ■ Customer parking on-site or nearby ■ Videoconferencing facilities at this location
OVERVIEW
W O R K S P A C E S A T V A L V I S T A
FEATURES
VIRTUAL OFF ICE
BUSINESS LOUNGE
MEETING ROOMS
CO-WORKING SPACE
MEMBERSHIP
OFFICE SPACE
SHOPS A
SHOPS B SHOPS C
SHOPS D
PARCEL MAP 8
Southern Avenue
Val Vis
ta Dri
ve
38,844 VPD
18,058 VPD
140-57-345A
Developable Pad Developable Pad
PARCEL #:TAXES (2019):LAND SIZE:
140-57-345A, 140-57-348$76,026
8.25 Acres
NAP NAP 140-57-348ZEMP AUTO REPAIR
NAP
NAP
OBLIQUE AERIAL 9
Val Vista Drive
Southern Avenue
VAL VISTA CROSSINGSVAL VISTA CROSSINGSVAL VISTA CROSSINGS
VAL VISTA CROSSINGSVAL VISTA CROSSINGS
171,700 VPD
VAL VISTA LAKES
Located in Maricopa County and just 15 miles east of Phoenix, Mesa covers 138 square miles, is the third largest city in Arizona and the 36th largest city in the nation. The City provides the advantages of a thriving metropolis while maintaining the feel of a suburban environment. With dynamic recreational, educational and business opportunities, Mesa enjoys the best in a variety of amenities including parks within easy walking distance from home, a variety of sports facilities that cater to athletes young and old, highly rated golf courses for every skill level, a diversity of special events and community festivals, and Mesa's ever-popular Chicago Cubs and Oakland A's Spring Training baseball.
LOCATION 11
VAL VISTA CROSSINGSVAL VISTA CROSSINGS
171,700 VPD
VILLAGE SQUARE AT DANA PARKVillage Square at Dana Park, the 70 acre shopping center on the northwest corner of Val Vista Drive and Baseline Road in Mesa, Arizona, has been described as an “urban lifestyle center” because of its dynamic street scenes, its quality of stores and quality of presence. The center is characterized by the presence of approximately 500 date palms, cobblestone pavers, wide streets, beautiful domes, carved limestone fountains and marble columns accenting the commitment by the Triple Five of Arizona to build a center aligned with the upscale Mesa and Gilbert residents. Stores includes: Chico’s, Loft, White House/Black Market, Barnes & Noble, Anthropologie, Baker Bros., Downeast Outfitters, Francesca’s Collections, J.Jill, Jos A Bank, Talbot’s, Kirkland’s, Potato Barn, Z Gallerie, Lizard Thicket and AJ’s Fine Foods.
DOWNTOWN MESAA square mile of unique style. Explore charming districts in this vibrant downtown featuring boutiques, sidewalk cafes, salons and antique shops. Select Saturday’s in October through April, experience free all-day arts festival, Downtown Mesa Festival of the Arts (formerly known as MACFest). Or relax while enjoying free concerts at the Mesa Arts Center.
GILBERT, AZGilbert is a community with agricultural roots that show-up in the local food scene and in uniquely handcrafted creations. Gilbert has a family-friendly vibe and an emerging nightlife, all of which has been created in alignment with our local love of great food, craft beer, Arizona wine, handmade goods, bike trails, open space, and our four-legged friends. Once known as the “Hay Shipping Capital of the World,” more recently Gilbert has received nods like, “Phoenix’s Coolest Suburb,” and a “top 5 foodie neighborhood in metro Phoenix,” it is now known more for its people food than its alfalfa. Gilbert is also consistently recognized as one of the safest cities and best places to live in the U.S. All this adds up to making Gilbert your home base for Arizona explorations. Gilbert has 22 national parks (including the Grand Canyon) and 35 state parks here in Arizona to explore, many within an hour to a day-trip away from Gilbert.
RENT ROLL 12
BuildingSuite Number Tenant
Percent ofCenter
Square Footage LeaseBegin
TermEnd
Rentper Month
Rentper Year
Rentper SF
CAMper Month
CAMper Year
CAMper SF
RentalDate
IncreasesAmount
SHOPS A
3617A01 One Source Cabinets LLC 1.94% 1,245 5/1/2017 4/30/2020 1,504$ 18,053$ 14.50$ 510.45$ 6,125$ 4.92$ 1 3 Year Option
Vacancy Actual of 16% | 5% Proforma ACTUAL $55,089
Total Adjusted Gross Revenue $933,027 $1,046,690
Operating Expenses $221,118 $221,118
Net Operating Income $711,909 $825,572
THE OFFERING Actual Proforma
Offering Price $8,900,000 8.00% CAP Rate 9.28% CAP Rate
JANUARY 2020 YEAR FORWARD INCOME & EXPENSE
$138.54 psf
TENANT PROFILES 15
Goodwill is an American nonprofit 501(c)(3) organization that provides job training, employment placement services, and other community-based programs for people who have barriers preventing them from otherwise obtaining a job. Goodwill is funded by a massive network of retail thrift stores, which operate as nonprofits as well. Founded in 1947, Goodwill of Central and Northern Arizona operates more than 80 stores and donation centers today, and no-cost Goodwill career centers across the state. Annually, they fight unemployment by providing thousands of Arizonans with job preparation resources to connect local job seekers with hiring companies. Goodwill is the largest used goods retailer in the United States. www.goodwill.org
Impact Dance is dedicated to providing extraordinary technical training in a positive environment that focuses on the life skills of hard work, dedication, teamwork, responsibility and respect for others. They believe in longevity and balance. Classes offered include hip hop, jazz, tap, ballet, Improv, tumbling, pom and contemporary. www.impactdance.net
Gyro House is a Greek and Mediterranean family-owned and operated restaurant located in Mesa, Arizona open since July 2012. They offer the juiciest and most flavorful authentic Greek gyro in town, as well as Shish Kabobs and Hummus. Gyro House has been open since July 2012. www.ordergyros.com
Cousins Maine Lobster is the leading provider of Maine lobster rolls on the west coast. Their Maine lobster is sent straight to California, where it is served 24 hours later at east coast prices. They serve up fresh and authentic Maine seafood from their food trucks and online. Cousins Maine Lobster prides itself on an extra friendly staff and a unique experience. Founded in 2012, Cousins Maine Lobster rose to national recognition after being featured on the hit ABC series Shark Tank in 2013. www.cousinsmainlobster.com
Arizona Contractor License Center is committed to providing contractors the necessary tools to pass their license exam, establish their entity, acquire their contractor license, secure bonding coverage, insure their risk and outsource their employer responsibilities. We provide Licensing and Business Solutions for Contractors. www.azclc.com
One Source Cabinets is a service-oriented and budget-minded company, stocking seven premium, professionally built cabinets. They offer pick up or delivery from their distribution centers, and currently have two locations - Arizona and Colorado. www.onesourcecabinets.com
Vapor Grande is one of Arizona’s most distinguished provider of electronic cigarette hardware and hand crafted e-juices. They are a vapor lounge and e-cigarette vendor, with two locations in Arizona and one in Mexico. www.vaporgrande.com
Friends in Style is a full-service family salon offering many services including Brazilian blowouts, hair extensions, color, weaves, waxing, haircuts and styles. www.facebook.com/pages/category/Hair-Salon/Friends-In-Style-351235244996808/
Friendsin Style
2018 SUMMARY (SOURCE: ESRI) ONE MILE THREE MILE FIVE MILE
DAYTIME POPULATION 21,848 182,019 486,621
POPULATION 16,957 147,375 364,712
AVERAGE HOUSEHOLD SIZE 2.76 2.60 2.72
AVERAGE HOUSEHOLD INCOME $78,714 $73,123 $77,640
MEDIAN AGE 34.2 37.4 36.4
DAYTIME POPULATION
AVERAGE HHINCOME
MEDIANAGE
486,621
$78,714
34.21 Mile
DEMOGRAPHICS 16
1 Mile
5 Mile
www.orionprop.com
AGENT CONTACT:
All materials and information received or derived from ORION Investment Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither ORION Investment Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. ORION Investment Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. ORION Investment Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. ORION Investment Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by ORION Investment Real Estate in compliance with all applicable fair housing and equal opportunity laws.
ORION Investment Real Estate | 7328 East Stetson Drive | Scottsdale, AZ