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*recommended dimensions: 6” x 4” (horizontal version), 200 DPI or higher *recommended dimensions: 6” x 4” (horizontal version), 200 DPI or higher Steve Broker Steve Broker John Agent John Agent Executive Vice President Investments First Vice President Investments Vice President Investments Vice President Investments Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797 Fax: (650) 391-1715 Fax: (916) 724-1410 Fax: (650) 391-1715 Fax: (650) 391-1715 [email protected] [email protected] [email protected] [email protected] License: CA 01234567 License: CA 01234567 NV 01234 License: CA 01234567 License: CA 01234567 PRESENTED BY PRESENTED BY DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET 1502 E Van Buren St • Phoenix, AZ 85006 OFFERING MEMORANDUM Douglas R. Fielding, Jr. Associate Phoenix Office Tel: (602) 687-6765 Fax: (602) 687-6722 [email protected] License: AZ SA647849000
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OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

Jun 25, 2020

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Page 1: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

*recommended dimensions: 6” x 4” (horizontal version), 200 DPI or higher

*recommended dimensions: 6” x 4” (horizontal version),

200 DPI or higher

Steve Broker Steve Broker John Agent John AgentExecutive Vice President Investments First Vice President Investments Vice President Investments Vice President InvestmentsPalo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto OfficeTel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797Fax: (650) 391-1715 Fax: (916) 724-1410 Fax: (650) 391-1715 Fax: (650) [email protected] [email protected] [email protected] [email protected]: CA 01234567 License: CA 01234567

NV 01234License: CA 01234567 License: CA 01234567

P R E S E N T E D B YP R E S E N T E D B Y

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

1502 E Van Buren St • Phoenix, AZ 85006

OFFERING MEMORANDUM

Douglas R. Fielding, Jr.AssociatePhoenix OfficeTel: (602) 687-6765Fax: (602) [email protected]: AZ SA647849000

Page 2: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKETPhoenix, AZACT ID Z0070214

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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INVESTMENT

OVERVIEW

Page 4: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

OFFERING SUMMARY

Price $110,000

Down Payment 100% / $110,000

Loan Type All Cash

Lot Size (SF) 6,665

Price/SF $16.50

Lot Size (Acres) 0.15 acre(s)

Price/Acre $718,920

Price/Unit $0

Density 14.5

Allowable Buildable SF 3,325

Number of Lots 1

Price/Lot $110,000

Type of Ownership Fee Simple

#

EXECUTIVE SUMMARY

OFFERING SUMMARY

#

ASSET PERFORMANCE DATA

CURRENT

CAP Rate 0.0%

Net Operating Income $0

Net Cash Flow 0.00% / $0

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

4

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Freeport-Mcmoran Miami Inc 10,530

Astraco LLC 6,500

Associated Insur Co For Excess 5,003

Central Valley Insulation 4,772

Arizona Department Trnsp 4,700

Police Department 4,661

Communication and Cmnty Partnr 4,500

City of Phoenix 3,750

Parks and Recreation Dept 3,663

Viads Mktg & Events Group 3,054

Cyprus Climax Metals Company 2,930

Human Services Department 2,897

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 15,937 118,096 350,767

2010 Census Pop 13,972 106,017 317,171

2017 Estimate HH 5,081 39,809 123,355

2010 Census HH 4,568 36,751 114,247

Median HH Income $18,574 $31,165 $34,714

Per Capita Income $11,010 $17,490 $19,414

Average HH Income $31,329 $48,981 $53,425

* # of Employees based on 5 mile radius

Page 5: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

OFFERING SUMMARY

§ Busy Downtown Phoenix Van Buren Automotive Corridor Location.

§ Across from James Beard Award-Winning Chef Chris Bianco's Roland's Cafe

Market Bar.

§ Hard Corner Exposure.

§ Nearby Access to All Freeways.

§ C-3 Zoning, Many Types of Businesses Would Do Well in This Location.

§ Motivated Seller, Bring All Offers.

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present the opportunity to acquire a vacant commercial infill land parcel in the heart of Phoenix, Arizona. The commercially zoned hard-

corner lot is located in the downtown area on East Van Buren Street, a major arterial thoroughfare connecting Downtown Phoenix to the 44th Street/Gateway corridor and

the City of Tempe to the east. Van Buren Street is the downtown areas primary automotive corridor, a popular used automobile trade area that features many used car

dealerships and auto repair businesses. The well-exposed hard corner has 50 feet of frontage along East Van Buren Street (16,703 VPD) and 133 feet of frontage along

North 15th Street. The site benefits from significant redevelopment opportunity and activity in the immediate vicinity. James Beard Award Winning Chef Chris Bianco's

new Roland's Cafe Market Bar, an adaptive reuse of a historical building, is across the street.

Centrally situated on what was once the most traveled street in Phoenix, the location provides immediate proximity to major employers, business centers, government

offices and top-quality civic, sports, cultural and entertainment venues. In addition, the area is very walkable. The property is within walking distance of every Walkable

Urban amenity in a vibrant downtown that includes prominent university campuses such as the new University of Arizona College of Medicine, hospital campuses like St.

Lukes Medical Center, and boasts a variety of hotels, restaurants

and other popular establishments. These immensely positive attributes of the locale are supporting revitalization measures along East Van Buren Street, encouraging

private and public efforts to identify redevelopment opportunities in the immediate area. Rising development standards and plans for higher density and intensity of land

use surrounding the site are influencing change and stabilization in what was once a problematic area. This high-transition area is being impacted by the explosive

economic growth of Phoenix' s downtown corridor and the city's planned rejuvenation of it's historic Van Buren Street.

INVESTMENT OVERVIEW

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

PROPERTY SUMMARY

OFFERING SUMMARY

THE OFFERING

Property Downtown Phoenix C-3 Zoned Hard Corner Lot Across From Roland's Market

Price $110,000

Property Address 1502 E Van Buren St, Phoenix, AZ

Assessors Parcel Number 116-18-027

Zoning C-3

General Plan Commercial, Eastlake-Garfield Transit-Oriented Development District

Lot Size Dimensions 50' x 133'

SITE DESCRIPTION

Lot Size (SF) 6,650

Price/SF $16.54

Lot Size (Acres) 0.153

Price/Acre $718,954

Allowable Buildable SF 3,350

Number of Lots 1

Type of Ownership Fee Simple

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#

LOCATION OVERVIEW

CLOSE PROXIMITY TO:

1502 E Van Buren St, Phoenix, AZ 85006

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEDOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

PRICING AND VALUATION MATRIX

PROPERTY NAME

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

LOCATION OVERVIEW

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REGIONAL MAP

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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LOCAL MAP

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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AERIAL PHOTO

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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PROPERTY PHOTO

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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PROPERTY PHOTO

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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PARCEL MAP

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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FINANCIAL

ANALYSIS

Page 15: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

FINANCIAL ANALYSIS

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

PROPERTY SUMMARY

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MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.

We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.

Our dedicated, knowledgeable experts understand the challenges of financingand work tirelessly to resolve all potential issues to the benefit of our clients.

National platform operating

within the firm’s brokerage offices

$5.63 billion total national

volume in 2017

Access to more capital sources than any other firm in the industry

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

Closed 1,707 debt and equity

financings in 2017

ACQUISITION FINANCING

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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MARKET

OVERVIEW

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MARKET OVERVIEW

PHOENIXOVERVIEW

1

The Phoenix metro is often referred to as the Valley of the Sun and consists of Maricopa and Pinal counties. The region is hemmed in by mountains to the north and east. American Indian reservations to the east and south limit development in those directions, leaving the southeastern corridor and western half of the metro as the primary growth areas. The most populous city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of nearly 1.6 million. Interstate 10 is a major trucking route directly connecting the region to Southern California, which is supporting a growing distribution industry. Various rail and air lines connect the metro to cities around the world.

MARKET OVERVIEW

METRO HIGHLIGHTS

EMPLOYMENT GROWTHJob gains will increase faster than the national rate during the next five years, drawing new residents to the metro.

HIGH-TECH MANUFACTURING BASEIntel Corp., Motorola Inc., Honeywell and others have large Phoenix operations, attracting additional companies serving these corporations.

ACTIVE TOURISM INDUSTRYWarm winters and amenities including golf courses and resorts draw vacationers.

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

Page 19: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

MARKET OVERVIEW

ECONOMY§ Phoenix claims multiple Fortune 500 headquarters, including Freeport-McMoRan, Republic

Services, Insight Enterprises and Avnet.§ The construction, high-tech manufacturing, healthcare and tourism industries dominate the

Phoenix economy.§ Healthcare is a critical industry, with around 20 hospitals and the UA medical school located in

the metro. Also, the Mayo Clinic has added multiple facilities located throughout the Valley.

MAJOR AREA EMPLOYERS

Banner Health

JPMorgan Chase & Co.

Arizona State University

Wells Fargo

Intel Corp.

Mayo Clinic Hospital

Arizona Public Service

American Airlines

Bank of America

American Express* Forecast

2

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

HEALTH SERVICESEDUCATION AND

AND UTILITIESTRADE, TRANSPORTATION

+19%

SHARE OF 2017 TOTAL EMPLOYMENT

MANUFACTURING6%

GOVERNMENT

OTHER SERVICES 3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

CONSTRUCTION

PROFESSIONAL ANDBUSINESS SERVICES

2%INFORMATION

17%

6%

12% 11% 9%

15%

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MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

§ The metro is expected to add almost 455,000 people over the next five years, resulting in the formation of more than 200,000 households.

§ A median home price of nearly $255,000 allows 62 percent of households to own a home, which is slightly below the national homeownership rate.

§ Roughly 29 percent of people age 25 and older hold bachelor’s degrees and 10 percent also obtained a graduate or professional degree.

Phoenix offers a lower cost of living than other metros its size, a moderate climate and a

variety of recreational and cultural options. In addition to outdoor activities, sports

enthusiasts can enjoy one of the most complete lineups of major-league teams found in

any city, including teams in all four major sports. The Cactus League holds spring training

baseball throughout the Valley, and the area has numerous golf courses and tennis courts.

Phoenix is home to the world-famous Heard Museum and Frank Lloyd Wright’s Taliesin

West. Music venues include Phoenix Symphony Hall and the Orpheum Theatre. Higher-

education institutions include Arizona State University, Grand Canyon University and

community colleges.

QUALITY OF LIFE

3

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

36.42017

MEDIAN AGE:

U.S. Median:

37.8

$55,900 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

$56,300

4.7M2017

POPULATION:

Growth2017-2022*:

9.7%

1.7M2017

HOUSEHOLDS:

11.8%

Growth2017-2022*:

2017 Population by Age

0-4 YEARS

6%5-19 YEARS

21%20-24 YEARS

7%25-44 YEARS

27%45-64 YEARS

24%65+ YEARS

15%

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PROPERTY NAME

MARKETING TEAM

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

DEMOGRAPHICS

Source: © 2017 Experian

Created on September 2018

POPULATION 1 Miles 3 Miles 5 Miles§ 2022 Projection

Total Population 15,298 116,528 350,186

§ 2017 Estimate

Total Population 15,937 118,096 350,767

§ 2010 Census

Total Population 13,972 106,017 317,171

§ 2000 Census

Total Population 17,098 118,995 338,318

§ Daytime Population

2017 Estimate 29,655 253,581 608,599

HOUSEHOLDS 1 Miles 3 Miles 5 Miles§ 2022 Projection

Total Households 5,170 41,467 128,391

§ 2017 Estimate

Total Households 5,081 39,809 123,355

Average (Mean) Household Size 2.85 2.65 2.61

§ 2010 Census

Total Households 4,568 36,751 114,247

§ 2000 Census

Total Households 4,695 36,807 114,746

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles§ 2017 Estimate

$250,000 or More 0.50% 1.32% 1.46%

$200,000 - $249,999 0.21% 0.81% 1.00%

$150,000 - $199,999 1.35% 2.17% 2.39%

$125,000 - $149,999 0.79% 1.63% 2.18%

$100,000 - $124,999 2.74% 4.18% 4.80%

$75,000 - $99,999 2.89% 7.41% 8.01%

$50,000 - $74,999 7.81% 13.29% 15.09%

$35,000 - $49,999 9.99% 14.35% 14.72%

$25,000 - $34,999 12.07% 12.51% 13.08%

$15,000 - $24,999 19.64% 16.85% 15.56%

Under $15,000 42.01% 25.50% 21.71%

Average Household Income $31,329 $48,981 $53,425

Median Household Income $18,574 $31,165 $34,714

Per Capita Income $11,010 $17,490 $19,414

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PROPERTY NAME

MARKETING TEAM

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

DEMOGRAPHICS

Source: © 2017 Experian

Created on September 2018

POPULATION PROFILE 1 Miles 3 Miles 5 Miles§ Population by Age

0 to 4 Years 9.23% 8.03% 7.83%

5 to 14 Years 16.65% 14.38% 14.23%

15 to 17 Years 4.56% 4.18% 4.03%

18 to 19 Years 2.49% 3.60% 2.97%

20 to 24 Years 7.70% 8.89% 8.54%

25 to 29 Years 9.43% 8.73% 9.11%

30 to 34 Years 8.44% 8.09% 8.66%

35 to 39 Years 7.23% 7.10% 7.30%

40 to 49 Years 13.15% 13.36% 13.05%

50 to 59 Years 10.61% 11.71% 11.47%

60 to 64 Years 3.46% 3.99% 4.02%

65 to 69 Years 2.35% 2.66% 2.92%

70 to 74 Years 1.88% 2.04% 2.18%

75 to 79 Years 1.33% 1.41% 1.46%

80 to 84 Years 0.80% 0.91% 1.06%

Age 85+ 0.70% 0.91% 1.16%

Median Age 29.97 31.31 31.84

POPULATION PROFILE 1 Miles 3 Miles 5 Miles§ Population 25+ by Education Level

2017 Estimate Population Age 25+ 9,463 71,953 218,863

Elementary (0-8) 21.85% 15.86% 13.08%

Some High School (9-11) 15.72% 13.38% 12.30%

High School Graduate (12) 27.57% 25.28% 25.11%

Some College (13-15) 14.32% 18.48% 19.96%

Associate Degree Only 3.94% 4.51% 5.42%

Bachelors Degree Only 7.80% 12.17% 14.14%

Graduate Degree 4.42% 7.48% 7.44%

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IncomeIn 2017, the median household income for your selected geography is $18,574, compare this to the US average which is currently $56,286. The median household income for your area has changed by 5.79% since 2000. It is estimated that the median household income in your area will be $20,588 five years from now, which represents a change of 10.84% from the current year. The current year per capita income in your area is $11,010, compare this to the US average, which is $30,982. The current year average household income in your area is $31,329, compare this to the US average which is $81,217.

PopulationIn 2017, the population in your selected geography is 15,937. The population has changed by -6.79% since 2000. It is estimated that the population in your area will be 15,298.00 five years from now, which represents a change of -4.01% from the current year. The current population is 52.97% male and 47.03% female. The median age of the population in your area is 29.97, compare this to the US average which is 37.83. The population density in your area is 5,072.81 people per square mile.

HouseholdsThere are currently 5,081 households in your selected geography. The number of households has changed by 8.22% since 2000. It is estimated that the number of households in your area will be 5,170 five years from now, which represents a change of 1.75% from the current year. The average household size in your area is 2.85 persons.

EmploymentIn 2017, there are 15,064 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 22.98% of employees are employed in white-collar occupations in this geography, and 77.32% are employed in blue-collar occupations. In 2017, unemployment in this area is 6.66%. In 2000, the average time traveled to work was 25.00 minutes.

Race and EthnicityThe current year racial makeup of your selected area is as follows: 46.99% White, 9.18% Black, 0.08% Native American and 1.22% Asian/Pacific Islander. Compare these to US averages which are: 70.42% White, 12.85% Black, 0.19% Native American and 5.53% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 72.78% of the current year population in your selected area. Compare this to the US average of 17.88%.

PROPERTY NAME

MARKETING TEAM

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

HousingThe median housing value in your area was $98,192 in 2017, compare this to the US average of $193,953. In 2000, there were 1,261 owner occupied housing units in your area and there were 3,434 renter occupied housing units in your area. The median rent at the time was $349.

Source: © 2017 Experian

DEMOGRAPHICS

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DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

DEMOGRAPHICS

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TRAFFIC COUNTYEAR COUNT

2010 23,164

2010 22,048

2010 16,281

MARKETING PLAN

#

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEDOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

PRICING AND VALUATION MATRIX

PROPERTY NAME

DOWNTOWN PHOENIX C-3 ZONED HARD CORNER LOT ACROSS FROM ROLAND'S MARKET

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MARKET OVERVIEW

Source: © 2017 Experian

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Page 26: OFFERING MEMORANDUM - LoopNet...Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797

www.MarcusMillichap.com

Douglas R. Fielding, Jr.

Associate

Phoenix OfficeTel: (602) 687-6765Fax: (602) 687-6722

[email protected]

License: AZ SA647849000

P R E S E N T E D B Y

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