4625-4631 N 12th Ave. Phoenix, AZ 85013
GERCHICK REAL ESTATE Offering Memorandum www.JustSoldIt.com MULTIFAMILY 602-688-9279 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
OFFERING MEMORANDUM 6 Unit
3 … Investment Highlights
12 … Financial Analysis
16 … Comparable Properties
20 … Submarket Overview
26 … Phoenix Market Overview
31 … Disclaimer & Confidentiality
32 … Contact Information
2 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 2 [email protected] 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
6 Unit Investment Highlights
3 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 3 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
THE OFFERING PRICE: $1,700,000 DOWN PAYMENT: 25% $425,000 PRICE PER UNIT: $283,333 PRICE PER SQUARE FOOT: $302 STABILIZED CAP RATE: 3.92% GROSS RENT MULTIPLIER: 18.82 6 Unit 7-YEAR HOLD IRR: 10.60% 4625-4631 N 12th Ave. Phoenix, AZ 85013
NUMBER OF UNITS: 6 PROPOSED NEW LOAN LOAN TYPE: Residential YEAR BUILT: 1961 LOAN AMOUNT: $1,273,500 YEAR RENOVATED: 2021 INTEREST RATE: 3.5% AMORTIZATION (YEARS): 30 LOT SIZE: 18,200 sq. ft. ANNUAL DEBT SERVICE: $68,623 DEBT RATIO COVERAGE: 0.97 NET RENTABLE AREA: 5,624 sq. ft. NET CASH FLOW AFTER DEBT SERVICE: $6,073
AVERAGE UNIT SIZE: 1,875 sq. ft.
4 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 4 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
ABOUT THE ASSET
The finishing remodel is being done now and is being done while this property is fully occupied with paying tenants. Over 100k per building spent so far and the owner is not done yet! Ceiling fans in all bedrooms and living areas. New Dual Pane INVESTMENT HIGHLIGHTS Windows. EXTENSIVE new • New Exterior Doors landscaping. Exterior painting to come. • New Dual Pane Windows Much more. Buyer to verify all facts and • New 2 inch wood Faux Blinds figures. • New Ceiling Fans in all rooms • New MASSIVE Landscape installed • New Exterior Painting • New Coin Operated Laundry Lease • New Interior Laundry Rooms
5 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 5 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
Street view of the property. Large front area.
6 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 6 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
UNIT FEATURES • New Exterior Doors • New Dual Pane Windows • New 2 inch wood Faux Blinds • New Ceiling Fans in all rooms • New Exterior Painting
COMMUNITY AMENITIES • New MASSIVE Landscape installed • New Coin Operated Laundry Lease • New Interior Laundry Rooms
7 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 7 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
8 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 8 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
OVERVIEW CONSTRUCTION
NUMBER OF BUILDINGS: 2 FOUNDATION: Block Concrete NUMBER OF STORIES: 1 FRAMING: Masonry LAUNDRY: Coin Operated Washers & Dryers EXTERIOR: Painted PARKING: 8 ROOF: Composite Shingle PARKING SURFACE: Concrete
ZONING MECHANICAL
ZONING: R-3 LANDSCAPING: Desert Landscaping NUMBER OF PARCELS: 2 TOPOGRAPHY: Flat TAX PARCEL NUMBER(S): 155-43-186-A 155-43-187-A HVAC: Individually Metered – Heat Pump PARCEL SIZE: 18,200 sq. ft. ELECTRICITY: Individually Metered 2020 ASSESSED PROPERTY TAX: $2,697 WATER/SEWER: Master Metered - City of Phoenix GAS: None
9 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 9 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
Property Location Map
10 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 10 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Investment Highlights
THE NEIGHBORHOOD
This area is walkable to do errands on foot as well as bikeable shopping. Nearby parks include Tawa Park, Lyceum Park and Kids Street Park. The local elementary school is Osborn Middle school and is located within two blocks of the property. Walkable employment is nearby.
• AMENITIES There is bikeable infrastructure nearby.
• ENTERTAINMENT VENUES Movie Theatres and Parks allow families to enjoy the area. Close to schools as well.
• TRANSPORTATION This property is not only close to the I-17 Freeway but steps from the Phoenix Bus transportation. There is the 7th Ave and Camelback-Park and Ride the Light Rail. Additionally, blocks from the Phoenix Light Rail with a ten-minute walk. Car sharing is available form RelayRides as well.
11 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 11 [email protected] 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
6 Unit Financial Analysis
12 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 12 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Financial Analysis
UNIT MIX SUMMARY
UNIT MIX OVERVIEW CURRENT STATS
2 BR / 2 BA 5 912 4,532 $5,755 $1.27 $5,755 3 BR / 2 BA 1 1,092 1,092 $1,695 $1.55 $1,695 6 5,624 Monthly Rent: $7,450 Annualized Rents: $89,400
13 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 13 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Financial Analysis
INCOME & EXPENSE SUMMARY
INCOME STABILIZED PER UNIT Gross Potential Rent $90,240 $15,040 Vacancy Loss (3%) ($2,707) ($451) NET RENTAL INCOME $87,533 $14,588 Other Income $650 $108 EFFECTIVE GROSS INCOME $88,183 $14,697
EXPENSES PRO FORMA PER UNIT Real Estate Taxes $2,697 $450 Insurance $3,165 $528 Utilities $3,544 $591 Repairs & Maintenance $3,978 $663 Management Fee (8%) $7,055 $1,176 Contract Services $1,200 $200 TOTAL EXPENSES $21,639 $3,607 Expenses Per Square Foot $3.85 $0.64 (total SF)
NET OPERATING INCOME $66,544 $11,091 % of Return on Asset 3.92%
14 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 14 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Financial Analysis
7-YEAR HOLD MODEL
INCOME YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 RESIDUAL GROSS POTENTIAL RENT $90,240 $92,947 $95,736 $98,608 $101,566 $104,613 $107,751 $110,984 Vacancy Loss ($2,707) ($2,788) ($2,872) ($2,958) ($3,047) ($3,138) ($3,233) ($3,330) NET RENTAL INCOME $87,533 $90,159 $92,864 $95,649 $98,519 $101,475 $104,519 $107,654 Other Income $650 $660 $670 $680 $690 $700 $711 $721 EFFECTIVE GROSS INCOME $88,183 $90,819 $93,533 $96,329 $99,209 $102,175 $105,229 $108,376
EXPENSES Real Estate Taxes $2,697 $2,737 $2,779 $2,820 $2,862 $2,905 $2,949 $2,993 Insurance $3,165 $3,212 $3,261 $3,310 $3,359 $3,410 $3,461 $3,513 Utilities $3,544 $3,597 $3,651 $3,706 $3,761 $3,818 $3,875 $3,933 Repairs & Maintenance $3,978 $4,038 $4,098 $4,160 $4,222 $4,285 $4,350 $4,415 Contract Services $1,200 $1,218 $1,236 $1,255 $1,274 $1,293 $1,312 $1,332 Management Fee $7,055 $7,265 $7,483 $7,706 $7,937 $8,174 $8,418 $8,670 TOTAL EXPENSES $21,639 $22,068 $22,507 $22,957 $23,416 $23,885 $24,365 $24,856 Expenses Per Square Foot $3.85 $3.92 $4.00 $4.08 $4.16 $4.25 $4.33 $4.42 % of Return on Asset 3.92% 4.05% 4.18% 4.32% 4.46% 4.61% 4.76% NET OPERATING INCOME $66,544 $68,750 $71,026 $73,373 $75,793 $78,290 $80,864 Interest $44,182 $43,314 $42,413 $41,481 $40,516 $39,516 $38,481 Principal $24,441 $25,309 $26,210 $27,142 $28,107 $29,107 $30,142 DEBT SERVICE $68,623 $68,623 $68,623 $68,623 $68,623 $68,623 $68,623 Debt Service Coverage Ratio 0.97 1.00 1.04 1.07 1.10 1.14 1.18 CASH FLOW AFTER DEBT SERVICE $6,073 $8,038 $9,425 $10,853 $12,326 $13,843 $14,788 Cash-on-Cash Return 1.31% 1.74% 2.04% 2.35% 2.66% 2.99% 3.20%
15 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 15 [email protected] 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
6 Unit Comparable Properties
16 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 16 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Comparables
COMPARABLE SALES
4625-4331 N 12th Ave: $283,333 325 W Colter St: $275,000 1150 E Orange St: $265,000
1017-1021 E McKinley St: $211,250 PER UNIT:PER
Averages: $258,646 per unit 0 $60,000 $120,000 $180,000 $240,000 $300,000
17 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 17 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Comparables
COMPARABLE SALES
THIS PROPERTY COMP 1 COMP 2 COMP 3 6 Unit 8 Unit 7 Unit 8 Unit Address: 4625-4631 N 12th Ave. Address: 325 W Colter St Address: 1150 E Orange St Address: 1017-1021 E McKinley Phoenix, AZ 85013 Phoenix, AZ 85013 Tempe, AZ 85281 Phoenix, AZ 85006
PROPERTY / SALE DESCRIPTION
Units 6 8 7 8 Year Built 1961 1961 1962 1984 Sale Date Active Active 5/12/2021 5/20/2021 Unit Size (Avg. SF) 912 850 756 481 Price $1,700,000 $2,200,000 $1,855,000 $1,690,000 Price Per Unit $283,333 $275,000 $265,000 $211,250 Lender N/A N/A N/A N/A Loan Amount N/A N/A N/A N/A Loan-to-Value N/A N/A N/A N/A
NUMBER OF UNITS
Studio 0 Studio 0 Studio 0 Studio 0 1BR/1BA 0 1BR/1BA 0 1BR/1BA 6 1BR/1BA 8 2BR/2BA 5 2BR/1BA 8 2BR/1BA 1 2BR/2BA 0 3BR/2BA 1 3BR/2BA 0 3BR/1BA 0 3BR/1BA 0 18 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 18 [email protected] 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
6 Unit Submarket Overview
19 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 19 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Submarket Overview
PRIME LOCATION
Located less than two miles northwest of Phoenix's most prestigious employment hotspot, the Innovation Corridor. As a point of pride for the area, the corridor is comprised of midtown and downtown Phoenix, and boasts more than ±171,000 employees across ±1,700 businesses. The property is also positioned approximately two miles southwest of Christown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target.
20 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 20 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Submarket Overview
CENTRAL PHOENIX
Central City Village is the urban village of Phoenix, Arizona, that includes the Because of its location at the historic center of Phoenix, there are many old downtown area of the city. As of 2010, it had a population of 58,161 residents. homes and buildings located in the Central City Village that convey the history of Phoenix Downtown, which includes the larger commercial and government As defined by the boundaries, Central City Village has an area of roughly 10 buildings as well as sports venues such as Talking Stick Arena and Chase square miles. This includes not only Downtown, but the close vicinity and the Field, which is the core of the village and the city of Phoenix. Sky Harbor area east. The village is bounded by McDowell and the Grand Canal to the north and northeast, the Salt River to the south, and the 1:17 to the west.
21 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 21 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Submarket Overview
MINUTES FROM THE PROPERTY
• Walmart-Shopping and Employment Center
• St Joseph’s Medical Center
• Christown Spectrum Mall
• Light Rail – Walkable
• I-17 Freeway
• Elementary School
• Restaurants
• Grocery Stores
• Retail Shopping
• Downtown Phoenix
• Entertainment Venues
22 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 22 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Submarket Overview
DOWNTOWN PHOENIX
Vibrant Downtown Phoenix is a business and entertainment district, with shopping at the CityScape Phoenix complex and art galleries on Roosevelt Row. Brewpubs, cocktail bars, cafes, pizzerias and breakfast spots cluster around Arizona State University campus. The Arizona Science Center and Children’s Museum of Phoenix include hands-on exhibits. Chase Field baseball park is home to the Arizona Diamondbacks.
MIDTOWN & CENTRAL PHOENIX
A mostly residential area of ranch-style houses, Midtown is anchored by a small cluster of shiny office buildings and 2 premier art institutions. Phoenix Art Museum has a vast collection of European and American works, spanning centuries, while the Heard Museum displays a huge trove of American Indian art and hosts festivals. Broadway revivals and emerging playwrights are showcased at the Phoenix Theatre Company.
The Central Avenue Corridor is a significant stretch of north-south Central Avenue, in Phoenix, Arizona. Roughly bounded by Camelback Road to its north, and McDowell Road to its south, this is one of Phoenix's most vital and heavily trafficked stretches of roadway.
23 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 23 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Submarket Overview
HEALTHCARE
There are 52 hospitals in the Phoenix metropolitan area.
Access to great healthcare is important, and Phoenix offers some excellent healthcare options across the city and its suburbs.
From hospitals that specialize in cancer to centers that offer the best heart healthcare in the state, good healthcare is not hard to find in Phoenix.
RETAIL ACCESS
Located near the property are Target, Christown Spectrum, Walmart Supercenter and Walgreens.
Within walking distance is the grocery store El Rancho, but the major stores are here as well. Safeway, Fry’s Grocery Store to name a few.
24 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 24 [email protected] 4625-4631 N 12th Ave. Phoenix, AZ 85013 $1,700,000
6 Unit Phoenix Market Overview
25 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 25 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Phoenix Market Overview
A FOUNDATION FOR ECONOMIC GROWTH
• Highly Diversified Economy and Employment Base
• Top Western Market for Job Growth
• Strategic Location Between Major Trade Hubs
• Expanding Infrastructure Attracts Companies to the Valley
• Affordable Quality of Life Drives Robust Migration to Phoenix
• Accelerating Multifamily Demand
• ASU as Catalyst for Investment
26 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 26 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Phoenix Market Overview
TOP-TIER UNIVERSITIES
Arizona State University Downtown Phoenix campus is one of four campuses of Arizona State University. It is commonly referred to as ASU Downtown. The campus, distinguished by its name, is in the downtown area of Phoenix, Arizona. It is classified among "R2: Doctoral Universities – High research activity"
ACCOLADES FOR ARIZONA STATE UNIVERSITY #1 Most Innovative #5 Criminology #1 Homeland #9 Best First-Year #2 Supply Chain & #10 Best School Five Graduate Security & Experiences Logistics Undergraduate Years in a Row Program Emergency Program Teaching Management Program SOURCES: Arizona Board of Regents & U.S. News & World Report 27 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 27 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Phoenix Market Overview
GROWING PHOENIX INFRASTRUCTURE
Valley Metro Rail is a 28.2-mile light rail serving the cities of Phoenix, Tempe, and Mesa. The network, which is part of the Valley Metro public transit system, began operations in 2008. This is considered the 14th busiest light rail in the country.
The system has undergone two expansions, with at lest five more scheduled, including the Tempe Streetcar(2021). The extensions planned into West Phoenix and South Phoenix (2024 and under construction) to Baseline Road are underway and have already been funded.
28 Linda Gerchick, CCIM / Designated Broker 28 602-688-9279 GERCHICK REAL ESTATE 28 [email protected] 4625-4631 N 12th Ave. $1,700,000 Phoenix, AZ 85013 Phoenix Market Overview
ACCESS TO MAJOR TRADE HUBS
Three major consumer markets on the Southwest including Los Angeles, Phoenix and Houston are connected by the I-10. Heightened interstate movement of goods through out the Southwest has resulted in major manufacturing distribution and logistic firms making investments along the I-10, specifically in Metro Phoenix a smart move.
HIGHWAY TRAVEL TIMES FROM PHOENIX CITY MILES HOURS Tucson 125 1.75 Las Vegas 285 5.25 Inland Empire 310 4.10 San Diego 350 4.75 El Paso 400 6.00 Albuquerque 475 6.25 Salt Lake City 635 11.00 Bay Area 750 12.00 Dallas 1,120 15.00 Houston 1,185 17.50
SOURCE: Greater Phoenix Economic Council 29 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 29 [email protected] AFFILIATED BUSINESS DISCLAIMER DISCLOSURE This memorandum contains select information pertaining to the advisors, and carefully investigate the economics of this transaction REP Holdings, LLC aka Gerchick Real Property and the Owner and does not purport to be all-inclusive or and property’s suitability for your needs. ANY RELIANCE ON THE Estate is owned solely by Linda Gerchick. contain all the information which prospective investors may require CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN While Gerchick Real Estate operates solely to evaluate the purchase of the Property. The information contained RISK. as a stand-alone entity, it may operate with herein has been obtained from sources believed to be reliable, but The Owner expressly reserves the right, at its sole discretion, to other related entities (each an “Affiliate”) has not been verified for accuracy, completeness, or fitness for any reject any or all expressions of interest or offers to purchase the engaging in a broad range of real estate particular purpose. All information is presented “as-is” without Property, and/or to terminate discussions at any time with or without services including but not limited to representation or warranty of any kind. Such information includes notice to you. All offers, counteroffers, and negotiations shall be brokerage services, property and facility estimates based on forward-looking assumptions relating to the non-binding and neither Gerchick Real Estate nor the Owner shall management, valuation and development. general economy, market conditions, competition and other factors have any legal commitment or obligation except as set forth in a At times other Affiliates may have or which are subject to uncertainty and may not represent the current fully executed, definitive purchase and sale agreement delivered to represent clients who have competing or future performance of the Property. All references to acreage the Owner. interests in the same transaction. For square footage, square footages, and other measurements are Gerchick Real Estate and Gerchick Real Estate’s logo are service example, Affiliates or their clients may have approximates. This Memorandum describes certain documents, marks of Gerchick Real Estate. All other marks deployed on this or express an interest in the Property including leases, and other materials, in summary form. These document are the property of their respective owners, and the use described in this Memorandum (the summaries may not be complete, nor accurate descriptions of the of such logos does not imply any affiliation with or endorsement of “Property”) and may be the successful full agreements referenced. Additional information and opportunity Gerchick Real Estate. bidder for the Property. Your receipt of this to inspect the Property may be more available to qualified Photos herein are the property of their respective owners. Use of Memorandum constitutes your prospective purchasers. You're invited to independently verify the these images without the express written consent of the owner is acknowledgement of that possibility and accuracy and completeness of the summaries and information prohibited. your agreement that neither Gerchick Real contained herein, to consult with independent legal and financial Estate nor any of its affiliates has an obligation to disclose to you such Affiliates interest or involvement in the sale or CONFIDENTIALITY AGREEMENT purchase of the Property in all instances, however, Gerchick Real Estate and its Your receipt of this Memorandum constitutes your authorization of the owner of the Property (“Owner”) or Gerchick Affiliates will act in the best interest of their acknowledgement that (i) it is a confidential Memorandum solely Real Estate, (iv) you will not use any part of this Memorandum in respective client(s), at arm's length, not in for your limited use and benefit in determining whether you desire any manner detrimental to the Owner or Gerchick Real Estate. concert, or in a manner consistent with the to express further interest in the acquisition of the Property,(ii) If after reviewing this Memorandum, you have no further interest law and all fiduciary duties owed to their you will hold it in the strictest confidence, (iii) you will not disclose in purchasing the Property, kindly return it to Gerchick Real respective clients. it or its contents to any third party without the prior written Estate.
30 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 30 [email protected] Contact Information
EXCLUSIVELY LISTED BY: ABOUT LINDA GERCHICK, CCIM Linda Gerchick, CCIM Designated Broker Linda Gerchick, CCIM, is owner and Designated • Named a Deal Maker for the Phoenix market Gerchick Real Estate Broker of Gerchick Real Estate, a commercial by LoopNet 6424 E. Greenway Parkway real estate firm founded in 1998 that specializes Scottsdale, AZ 85254 • Part of the elite CCIM (Certified Commercial in working with investors in areas including 602-688-9279 Investment Member) group since 2005 investment, development, off-market and [email protected] income-producing real estate. • Received the Presidential Award from the Phoenix Board of Realtors several years in With more than 24 years experience in the real succession SPECIALIZING IN: estate business, Linda has amassed a well- • At the request of the Phoenix Board of • Buyer and seller representation founded track record advising buyers and sellers Realtors, is a Director and liaison to the • Commercial real estate valuation as a commercial real estate consultant. Arizona Association of Realtors • P&L analysis She has extensive experience in developing • Member of various Forms Committees for the • Cash flow modeling, NPV/IRR working relationships with investors—buying and selling—as well as in bringing together an entire Arizona Association of Realtors • Market research team of professionals to help clients with their Linda Gerchick has the knowledge, experience • Multifamily commercial real estate investments. and ability to get the job done. And they truly • Duplex-fourplex In the mid-2000s, Linda was (and still is) one of care about people are are motivated to see their • Senior housing the top leaders in the Phoenix real estate market. investors succeed. No project is too small, and • Tenant-occupied single-family homes Linda will always be available to help their Among her many accolades: • Buy-and-hold strategies investors attain their goals. • Fix-and-flip strategies • Listed as No. 2 and No. 4 in the World for RE/MAX, a leading real estate company
31 Linda Gerchick, CCIM / Designated Broker 602-688-9279 GERCHICK REAL ESTATE 31 [email protected]