The Villages at Troon North - LoopNet...The Villages at Troon North commercial development, was built on a 12-15 acre site zoned C-2, in the city of Scottsdale, and offers an adequate

COLLIERS INTERNATIONAL P. 1The Villages at Troon North, Scottsdale | INVESTMENT OPPORTUNITY

For Sale > Investment Opportunity > North Scottsdale

The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 (Bldg G) • SCOTTSDALE, ARIZONA 85255

PRESENTED BY

Greg HopleyExecutive Vice President

480 655 [email protected]

COLLIERS INTERNATIONAL 8360 E. Raintree Dr. Suite 130Scottsdale, AZ 85260480 596 9000www.colliers.com/arizona


The Villages at Troon North, building G, is a one-story approximately ±15,050 square foot garden-style office condo building (subject suite is ±6,000 SF), built in 2006 and has since maintained a valued and synergistic Tenant mix.

The Villages at Troon North commercial development, was built on a 12-15 acre site zoned C-2, in the city of Scottsdale, and offers an adequate 4.3 parking spaces per 1,000 square foot, six (6) covered spaces come with the sale. Built with a classic Southwest-Spanish style architecture, the project offers stunning mountain and desert views. Tenants and visitors are welcomed by a vast courtyard adorned by a large water feature.

This North Scottsdale office/retail property offers the investor a pride of ownership, in one of the most sought after submarkets in the Phoenix metro area.

Improvements include a turn-key, beautiful Class “A” office build-out, exterior pavers, and desert landscaping throughout the courtyard and surrounding the property, all of which have reduced operating costs and have significantly enhanced the properties appearance.

This beautiful commercial property, located in North Scottsdale, should deliver fruitful returns to the investor in years to come and beyond.

The Property

Property Information > The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 • SCOTTSDALE, ARIZONA

EXTERIOR, LOOKING SOUTH

CLICK HERE FORDRONE VIDEO

https://youtu.be/BP5iikC2i6E


OverviewEXECUTIVE SUMMARYThe owner of this property is now offering a Sale/Leaseback office investment opportunity, with 100% occupancy, and with immediate income! Ideally located within a Class ”A” office/retail environment unmatched in North Scottsdale with excellent access and nearby amenities. This fee-simple single story office building includes a plug-n-play reception area, kitchen, conference rooms, multiple offices and prominent building signage. Immediate access to nearby retail and restaurant amenities. Those amenities also include: the Scottsdale Quarter, Kierland Commons, Scottsdale Airpark, 101 Freeway, the Fairmont Scottsdale Princess Resort, (home of the Waste Management Phoenix Open), as well as, Troon North Golf Club, Estancia Country Club, Troon Country Club, Desert Highlands Country Club and the Four Seasons Resort/Hotel/Spa, only blocks away.

PRICE

$1,400,000CAP RATE

6.5%YEAR BUILT

2006BUILDING SIZE

±6,000 SFAPN

216-75-071 thru216-75-076ZONING

C-2 City of Scottsdale

PARKING

Excellent

Investment Summary > The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 • SCOTTSDALE, ARIZONA

Property Highlights• Class A office building located east of the

southeast corner of Pima Road and Dynamite Blvd. on the south side of the street

• Excellent demographics

• Beautiful lush landscaping with many saguaro and cacti throughout

• Outstanding views surround the property

• CC&R’s created for maximum value preservation

• Excellent services located nearby including restaurants, hotels and golf at Troon North and Estancia Country Club

SUITE DOOR LOOKING SOUTH


The Location74

74

51

87

87

87

87

303 101

101

587

347

202

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive Av Olive Av Dunlap Av

Glendale Av Glendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School Rd Indian School Rd Indian School Rd Indian School Rd

Lincoln Dr Indian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

n Ln

El M

irage

Rd

Dysa

rt Rd

99th

Av

107t

h Av

111t

h Av

107t

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83rd

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83rd

Av

91st

Av

67th

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67th

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35th

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43rd

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35th

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19th

Av

7th A

v 7t

h Av

Cent

ral A

v Ce

ntra

l Av

7th

St

16th

St

16th

St

7th

St

32nd

St

40th

St

Pinnacle Peak Rd

Bartlett

Dam

Rd

McD

owell

Mtn

Rd

Frank Lloyd Wright Bl

Cactus Rd

Tatu

m B

l

Yuma Rd

Broadway Rd

Estrella Pkwy

Rainbow Valley Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Ray Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

l Rd

Kyre

ne R

d

McC

linto

ck D

r

Price

Rd

Dobs

on R

d

Alm

a Sc

hool

Rd

Gilbe

rt Rd

Gi

lbert

Rd

Gilbe

rt Rd

Coop

er R

d

McQ

ueen

Rd

Linds

ay R

d

Gree

nfiel

d Rd

Val V

ista

Dr

Val V

ista

Dr

Higle

y Rd

Idah

o Rd

Ironw

ood

Rd

Vine

yard

Rd

Mer

idian

Rd

Crim

son

Rd

Soss

aman

Rd

Reck

er R

d

Higle

y Rd

Hawe

s Rd

Sign

al Bu

tte R

d

McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

a Rd

Pi

ma

Rd

New River Rd

7th

St

Queen Creek Rd Queen Creek Rd

Mill

Av

Jack

rabb

it Tr

R.H. Johnson Bl

99th Av

Cave

Cree

k Rd

New River Rd

Elliot Rd

24th

St

24th

St

Hayd

en R

d

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lak

e P

leasa

nt R

d

Scot

tsdale

Rd

Sc

ottsd

ale

Rd

Carefree Hwy Carefree Hwy

Shea Blvd

Main St Apache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av 51

st Av

51

st Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye Rd Buckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

lub D

r

User

y Pa

ss R

d

County Rd 85

Mar

icopa

Rd

Beeline Hwy Shea Bl

Bush

Hwy

Po

wer R

d

Blac

k Can

yon

Fwy

Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

TONTO NATIONAL FOREST

LAKE PLEASANT

COUNTY PARK

CAVE CREEK COUNTY REC.

AREA

MCDOWELL MOUNTAIN

PARK

NORTH MOUNTAIN

PARK

PHOENIX REACH II RECREATION AREA

ESTRELLA MOUNTAIN REGIONAL PARK

SOUTH MOUNTAIN PARK

BEN AVERY COUNTY

RECREATION AREA

THUNDERBIRD PARK

ADOBE DAM CO. REC. AREA

SQUAW PEAK REC. AREA

PHOENIX MTS. PRESERVE

USERY MOUNTAIN PARK PAPAGO

PARK

FORT

MCDOWELL

INDIAN

RESERVATION

SALT RIVER PIMA-MARICOPA

INDIAN RESERVATION

GILA RIVER INDIAN

RESERVATION

LUKE A.F.B.

SKY HARBOR INTL. AIRPORT

Lake Pleasant BARTLETT

RESERVOIR Waddell Dam

Granite Reef Dam

Agua

Fria

Rive

r

Salt River

Gila River

Salt R.

Fannin-McFarland Aqueduct

Roosevelt

Can

al

Southern Canal

Western Canal

Grand Canal

Arizona Canal

Hayden-Rhodes Aqueduct Ne

w Ri

ver

BEARDSLEY

WADDELL

BUCKEYE

LIBERTY LAVEEN

CHANDLER HEIGHTS

KOMATKE

RAINBOW VALLEY

CAREFREE

HIGLEY

NEW RIVER

BAPCHULE

RIO VERDE

QUEEN CREEK

CAVE CREEK

YOUNGTOWN

LITCHFIELD PARK

TOLLESON CASHION

GUADALUPE

PARADISE VALLEY

FOUNTAIN HILLS

EL MIRAGE

SURPRISE

AVONDALE

GOODYEAR

SUN CITY WEST

SUN LAKES

CHANDLER

PEORIA

SUN CITY

TEMPE

SCOTTSDALE

MESA

GLENDALE

PHOENIX

Prestigious AreaEast of the southeast corner of Pima Road & Dynamite Blvd. on the southside of the street.

Prime Frontage Fronting on Dynamite Blvd.

Amenity Rich Scottsdale Quarter, Kierland Commons, North Scottsdale Hotel Four Seasons Hotel/Resort and several local restaurants nearby

85262 Favored Zip Code

$139,625 Median HH Income (within one mile)

Scottsdale Road Cheesecake Factory, P.F. Chang’s, Kona Grill, RA Sushi Bar

Restaurant, Eddie V’s Prime Seafood – all 15 minutes away

Golf Communities Fairmont Scottsdale Princess Resort, Troon North Golf Course, and Estancia Golf Club



Construction Summary › YEAR BUILT 2006

› EXTERIOR WALLS Plywood wall with Dryvit pre-colored plaster finish

› INTERIOR WALLS Drywall over metal studs

› ROOF Combination Built-up Foam (flat) and Terra Cotta Metal (sloped)

› HVAC 5,000 ton units

› ELECTRICAL 800 Amp, 277/480 V 3 Phase, 4 wire feeds into 225 Amp Subpanels

› RESTROOMS Four restrooms in the suite(s).

› FIRE PROTECTION Fully sprinklered interior and exterior.

› LANDSCAPING Irrigated desert landscape.

› TELECOMMUNICATIONS AND FIBER OPTICS Cox Business & Century Link



Exterior Photographs


COURTYARD ENTRANCE

BUILDING EXTERIOR AND PATIO SEATING AREA

BeautifulClass “A”Office Building

ExcellentCity and Mountain Views


Interior Photographs


INTERIOR OFFICE, OPEN BULLPEN

INTERIOR OFFICE, KITCHEN AREA

ExcellentNorthScottsdaleLocation

NOWAVAILABLE FOR SALE


Aerial Map


DYNAMITE BLVD

Troon North Golf Club

Estancia Golf Club

SUITES 120-145

74

74

51

87

87

87

87

303 101

101

587

347

202

202

143

60

60

60 60

17

17

10 10

10

10

17

Union Hills Dr Union Hills Dr

Thunderbird Rd

Cactus Rd

Greenway Rd Greenway Rd

Thunderbird Rd

Peoria Av

Olive Av Olive Av Dunlap Av

Glendale Av Glendale Av

Camelback Rd Camelback Rd Chaparral Rd

Bethany Home Rd

Indian School Rd Indian School Rd Indian School Rd Indian School Rd

Lincoln Dr Indian Bend Rd

McDonald Dr

Thomas Rd Thomas Rd

Lower Buckeye Rd

Happy Valley Rd

Beardsley Rd Beardsley Rd

Pinnacle Peak Rd

Dynamite Bl Rio Verde Dr

Cave

Cre

ek R

d

Lone Mountain Rd

Happy Valley Rd

Waddell Rd

Cactus Rd

Peoria Av

Cotto

n Ln

El M

irage

Rd

Dysa

rt Rd

99th

Av

107t

h Av

111t

h Av

107t

h Av

83rd

Av

83rd

Av

91st

Av

67th

Av

67th

Av

75th

Av

75th

Av

59th

Av

59th

Av

35th

Av

43rd

Av

43rd

Av

35th

Av

19th

Av

19th

Av

7th A

v 7t

h Av

Cent

ral A

v Ce

ntra

l Av

7th

St

16th

St

16th

St

7th

St

32nd

St

40th

St

Pinnacle Peak Rd

Bartlett

Dam

Rd

McD

owell

Mtn

Rd

Frank Lloyd Wright Bl

Cactus Rd

Tatu

m B

l

Yuma Rd

Broadway Rd

Estrella Pkwy

Rainbow Valley Rd

115t

h Av Broadway Rd Broadway Rd

Southern Av Southern Av Southern Av Southern Av

Broadway Rd Broadway Rd

Baseline Rd

Dobbins Rd

Elliot Rd

Estrella Dr

Baseline Rd

University Dr University Dr University Dr

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Ray Rd

Pecos Rd

Germann Rd Germann Rd

Ray Rd

Pecos Rd

Rura

l Rd

Kyre

ne R

d

McC

linto

ck D

r

Price

Rd

Dobs

on R

d

Alm

a Sc

hool

Rd

Gilbe

rt Rd

Gi

lbert

Rd

Gilbe

rt Rd

Coop

er R

d

McQ

ueen

Rd

Linds

ay R

d

Gree

nfiel

d Rd

Val V

ista

Dr

Val V

ista

Dr

Higle

y Rd

Idah

o Rd

Ironw

ood

Rd

Vine

yard

Rd

Mer

idian

Rd

Crim

son

Rd

Soss

aman

Rd

Reck

er R

d

Higle

y Rd

Hawe

s Rd

Sign

al Bu

tte R

d

McDowell Rd

McKellips Rd

Brown Rd Brown Rd

Pim

a Rd

Pi

ma

Rd

New River Rd

7th

St

Queen Creek Rd Queen Creek Rd

Mill

Av

Jack

rabb

it Tr

R.H. Johnson Bl

99th Av

Cave

C

reek R

d

New River Rd

Elliot Rd

24th

St

24th

St

Hayd

en R

d

Deer Valley Rd

Warner Rd

56th

St

Morristown-New River Hwy

Lak

e P

leasa

nt R

d

Scot

tsdale

Rd

Sc

ottsd

ale

Rd

Carefree Hwy Carefree Hwy

Shea Bl

Main St Apache Bl Apache Tr

Chandler Heights Rd

Hunt Hwy

Ellsw

orth

Rd

Arizo

na A

v

Riggs Rd

51st

Av

Northern Av

Litch

field

Rd

Bell Rd Bell Rd

Grand Av

Grand Av

51st

Av

51st

Av

Bell Rd

McDowell Rd McDowell Rd McDowell Rd

Van Buren St Van Buren St

Buckeye Rd Buckeye Rd

Baseline Rd

Chandler Bl Williams Field Rd

Coun

try C

lub D

r

User

y Pa

ss R

d

County Rd 85

Mar

icopa

Rd

Beeline Hwy Shea Bl

Bush

Hwy

Po

wer R

d

Blac

k Can

yon

Fwy

Superstition Frwy

Papago Fwy

Maricopa Fwy

Agua

Fria

Fwy

Squa

w Pe

ak P

kwy

Mar

icopa

Fwy

TONTO NATIONAL FOREST

LAKE PLEASANT

COUNTY PARK

CAVE CREEK COUNTY REC.

AREA

MCDOWELL MOUNTAIN

PARK

NORTH MOUNTAIN

PARK

PHOENIX REACH II RECREATION AREA

ESTRELLA MOUNTAIN REGIONAL PARK

SOUTH MOUNTAIN PARK

BEN AVERY COUNTY

RECREATION AREA

THUNDERBIRD PARK

ADOBE DAM CO. REC. AREA

SQUAW PEAK REC. AREA

PHOENIX MTS. PRESERVE

USERY MOUNTAIN PARK PAPAGO

PARK

FORT

MCDOWELL

INDIAN

RESERVATION

SALT RIVER PIMA-MARICOPA

INDIAN RESERVATION

GILA RIVER INDIAN

RESERVATION

LUKE A.F.B.

SKY HARBOR INTL. AIRPORT

Lake Pleasant BARTLETT

RESERVOIR Waddell Dam

Granite Reef Dam

Agua

Fria

Rive

r

Salt River

Gila River

Salt R.

Fannin-McFarland Aqueduct

Roosevelt

Can

al

Southern Canal

Western Canal

Grand Canal

Arizona Canal

Hayden-Rhodes Aqueduct

New

Rive

r

BEARDSLEY

WADDELL

BUCKEYE

LIBERTY LAVEEN

CHANDLER HEIGHTS

KOMATKE

RAINBOW VALLEY

CAREFREE

HIGLEY

NEW RIVER

BAPCHULE

RIO VERDE

QUEEN CREEK

CAVE CREEK

YOUNGTOWN

LITCHFIELD PARK

TOLLESON CASHION

GUADALUPE

PARADISE VALLEY

FOUNTAIN HILLS

EL MIRAGE

SURPRISE

AVONDALE

GOODYEAR

SUN CITY WEST

SUN LAKES

CHANDLER

PEORIA

SUN CITY

TEMPE

SCOTTSDALE

MESA

GLENDALE

PHOENIX

SITE PLAN - FLOOR PLAN - SUITES 120-145

BUILDING “G”


Aerial View > Looking North

DYNAMITE BLVD.

Troon North Golf Course

Estancia Golf Course


• Excellent frontage on Dynamite Blvd.

• Excellent Parking

• Excellent Ingress and Egress

• Building G Highlighted above


Floor Plans - Building G > appox. ±6,000 SF


Demographics 1 mile 3 miles 5 miles2018 Population Est. 2,711 12,655 38,126

2023 Population Proj. 3,046 13,985 41,771

2018 Households 1,169 5,340 15,395

2018 Avg HH income $174,275 $179,868 $169,446

Average Age 52.30 53.00 49.10

Daytime Population 990 2,860 13,634

Nearby Sale ComparablesAddress Name Yr Built/Renov Size Dist (ml) Sale Date Sale Price Price/SF

5425 E Bell Rd Bldg E 2005 4,085 SF 9.08 Dec 2017 $1,106,760 $270.93

9280 E Raintree Dr Bldg D 2000 3,500 SF 8.46 Nov 2018 $1,059,310 $302.66

7344 E Deer Valley Rd Bldg L 2002 4,018 SF 5.13 Oct 2018 $1,050,000 $261.32

9280 E Raintree Dr Bldg C 2002 1,540 SF 7.27 Sep 2018 $390,00 $253.25


Income & Expense Summary - (Projected)2019 In-Place Income – At close of escrow. Seller will agree to complete a five (5) year (NNN) lease with two (2) five (5) year options to extend. NOTE: said lease to include a 3% increase each year.

Year 1: $91,000.00 (NNN)Other: $0.00Gross Income: $91,000.00 (NNN)

2019 Expenses

Real Estate Taxes Paid in full by seller/tenant

Insurance Paid in full by seller/tenant

Management Paid in full by seller/tenant

Janitorial Paid in full by seller/tenant

Electricity Paid in full by seller/tenant

Water Paid in full by seller/tenant

Landscaping Paid in full by seller/tenant

Repairs & Maintenance Paid in full by seller/tenant

Supplies (Janitorial) Paid in full by seller/tenant

Trash Removal Paid in full by seller/tenant

Fire/Security Paid in full by seller/tenant

TOTAL $0.00

NOI (net operating income) $91,000.00 (Year 1)

Financial Information > The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 • SCOTTSDALE, ARIZONA


City of Scottsdale OverviewThe city of Scottsdale is located in the northeast portion of the metro Phoenix area. The local population in the city totals more than 236,000 residents, and is expanding at a pace of nearly 2 percent annually, faster than the state average as a whole. The city is the seventh largest in Arizona by population, trailing only Phoenix, Tucson, Mesa, Chandler Gilbert and Glendale. The city is growing at an annual rate of approximately 1.4 percent per year, slightly faster than the statewide pace of expansion.

Scottsdale has a diverse economic base and elevated incomes. The city is the premier tourism destination in the Phoenix metro area, with high-end resorts such as The Phoenician, The Camelback Inn, the Four Seasons and the Fairmont Princess. Annual tourism volumes top 7 million visitors for the more than 15,000 hotel rooms in the city. The city is home to the Waste Management Phoenix Open each winter, which annually sets records for attendance of more than 500,000 for tournament week and the Barrett-Jackson Collector Car Auction.

The healthcare industry is a large and growing segment of the local economic base. HonorHealth, which is the new name of the combined Scottsdale Healthcare and John C Lincoln Health Network, is the largest employer in Scottsdale. The five-hospital organization boasts approximately 10,500 workers, making the company the seventh largest employer in the state of Arizona, immediately behind semiconductor giant Intel. Other prominent healthcare employers in Scottsdale include CVS Caremark’s Corporate Office (2,200 workers) and the world-renowned Mayo Clinic (2,100 workers), which was named by U.S. News and World Report as the top-performing hospital in Arizona.

Financial and insurance companies are also large sources of employment in the city of Scottsdale. The Vanguard Group employs nearly 2,300 workers at a company owned facility in the Scottsdale Airpark, while the Scottsdale Insurance Company has 1,500 workers in the area.

A diverse group of companies has national or regional headquarters in Scottsdale, including Discount Tire, Fender Musical Instruments, Henkel, Medicis Pharmaceutical, and TASER International. These companies, with their established foundations and each with hundreds of employees in the city, will support continued economic activity throughout Scottsdale and the surrounding areas.

SCOTTSDALE AIRPARKThe Scottsdale Airpark is the primary business district in the city of Scottsdale. The Airpark features more than 30 million square feet of commercial real estate, with nearly 13 million square feet of office space. There is a large concentration of white-collar professional employees in the Scottsdale Airpark. Discount Tire, which is the world’s largest tire and wheel retailer, has been headquartered in the Scottsdale Airpark for more than 15 years, and recently purchased the company’s headquarters building, ensuring that the company will maintain a large presence for years to come. Another local company with a headquarters in the Scottsdale Airpark is Axon, which was formerly known as Taser International. The company’s headquarters and manufacturing are operated out of the Scottsdale Airpark, where the company has had a presence for approximately 20 years.

The Scottsdale Airpark is an amenity-rich area, featuring more than 8 million square feet of retail space. The Kierland area is a high-end area for retailers. The mix of top retailers, 5-star resorts, and upscale restaurants truly make Kierland a luxurious destination. There is over 720,000 square feet of retail space in this neighborhood, featuring the 150,000 square foot lifestyle center called Kierland Commons. Significant retailers in this shopping center include Tommy Bahama, Michael Kors, Z Gallerie, Crate and Barrel, and Allen Edmonds. Mastro’s Ocean Club is also located in this high-end lifestyle center.

Area Overview > The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 • SCOTTSDALE, ARIZONA


City of Scottsdale DemographicsAge

Income

Households

Population

Employment

$72,163

2010

$74,697

2016

$79,958

2021

19 & Under

17.6%

20-29

11.4%

30-39

10.9%

40-49

13.2%

50-64

23.1%

65+

23.9%

19.7%

White Collar Employees Management & Sales

20.3%

Blue Collar Employees Personal Care/ Service & Food Preparation/ Serving

$202,709 $217,385 $241,633 $260,437

2000 20102016 2021

1951 1960 1970 1980 1990 2000 2010 2016 2021

2,021 10,026 67,841 88,364 130,069 202,709 217,365 241,663 260,437

Area Overview > The Villages at Troon North10051 E. DYNAMITE BLVD. SUITES 120-145 • SCOTTSDALE, ARIZONA


CONFIDENTIALITY & DISCLAIMER STATEMENT

This is a confidential presentation intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of The Villages at Troon North, 10051 N. Dynamite Blvd., Suites 120-145, Scottsdale, AZ 85262.

This presentation contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information that prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner and Colliers International. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the Owner nor Colliers International AZ, LLC, a Delaware limited liability company (hereinafter referred to as “Colliers” or “Colliers International”), nor any of their respective directors, officers, affiliates, or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents.

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 with any entity at any time, with or without notice, which may arise as a result of review of this Memorandum. The Owner shall have no legal commit-ment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this presentation, you agree that this presentation and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this presenation or any of its contents to any other entity without the prior written authorization of the Owner or Colliers International. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Colliers International.

In this presentation, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this presentation in any manner.

If after reviewing this presentation, you have no further interest in purchasing the Property, kindly return this presentation to Colliers International.

Gre HopleyExecutive Vice PresidentDirect 480 655 3333 | Mobile 602 999 5396 Main 480 596 9000 | Fax 480 948 [email protected]

The Villages at Troon North - LoopNet...The Villages at Troon North commercial development, was built on a 12-15 acre site zoned C-2, in the city of Scottsdale, and offers an adequate

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