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1144 E. Mcdowell Rd OfferingOffering Memorandum Memorandum > Owner-User/Redevelopment > For Sale > Investment Opportunity 1144 E. McDowell Rd. PHOENIX, ARIZONA 85006 PRESENTED BY COLLIERS INTERNATIONAL Philip Wurth, CCIM 8360 E. Raintree Dr. Suite 130 Executive Vice President Scottsdale, AZ 85260 480 655 3310 480 596 9000 [email protected] www.colliers.com/greaterphoenix TABLEOffering OF CONTENTS Memorandum > For Sale > Investment Opportunity 1 2 3 4 5 INVESTMENT PROPERTY FINANCIAL LOCATION DEMOGRAPHICS SUMMARY INFORMATION ANALYSIS OVERVIEW PROJECT OVERVIEW LOCATION & AMENITIES OPERATING COSTS & AERIAL MAP CITY OF PHOENIX INVESTMENT HIGHLIGHTS SITE PLAN RENT ROLL PROJECT PHOTOS DEMOGRAPHICS FLOOR PLANS PRESENTED BY Philip Wurth, CCIM Executive Vice President 480 655 3310 [email protected] Offering Memorandum > For Sale > Investment Opportunity 1144 E. McDOWELL RD. | PHOENIX, AZ 1 INVESTMENT SUMMARY Offering Memorandum > For Sale > Investment Opportunity INVESTMENT SUMMARY>Project Overview 1144 E. McDOWELL RD. • PHOENIX, ARIZONA PRICE Overview $2,395,000.00 $82.34 | SF Colliers International is pleased to be retained as the exclusive advisor for the marketing and sale of 1144 E. McDowell Road, an approximately 29,088 square foot medical/professional office building in Phoenix, Arizona. Constructed in BUILDING SIZE 1984, the property was partially renovated in 2016. ±29,088 SF THE OPPORTUNITY 1144 E. McDowell Road sits across the street from Banner-University Medical Center; an ideal location for physicians LAND SIZE with privileges at the hospital. The four-story building includes a built-out basement and covered parking under the second floor. Employees and visitors will enjoy the building’s central location, only two miles away from the mini stack, 1.21 AC the busiest freeway interchange in Arizona, offering quick access to I-10, I-17 and SR 51. The property is located within the Miracle Mile revitalization area on McDowell Road from Seventy Street to State Route 51. Considered the northern bookend of Greater Downtown Phoenix, McDowell Road functions as a major artery between Downtown and Valley YEAR BUILT/REFURBISHED freeways, Banner - University Medical Center Phoenix and to the Coronado and Garfield historic neighborhood districts. 1984 - Partially renovated 2016 PARKING 4.08/1,000 Covered/Reserved Available ZONING C-2 A unique opportunity to City of Phoenix purchase property on McDowell Road, a major TAX ASSESSOR PARCEL NUMBERS East-West arterial road 117-25-119, 117-25-120, running parallel to I-10. 117-25-121, 117-25-122, 117-25-123, 117-25-124, 117-25-126, 117-25-128 INVESTMENTOffering Memorandum SUMMARY > For Sale > Investment>Investment Opportunity Highlights 1144 E. McDOWELL RD. • PHOENIX, ARIZONA Investment Highlights • Distinctive architecture features concrete block construction and floor-to- ceiling windows throughout the building • Renovated first floor with new flooring and a large contemporary art sculpture • Gated garage offers secure, covered, reserved parking • Highly-visible Building at the signalized intersection of 12th St. and McDowell Road • Excellent building signage facing McDowell Road • Across the street from Banner-University Medical Center Phoenix • Existing building was designed by a physician to accommodate medical offices • The METRO light rail system and station on Central Avenue are 1.5 miles away from the property, offering access to 26+ miles of transit service from NW Phoenix to downtown Mesa • More than 430,000 Phoenicians reside within five miles of the property - providing a significant pool of potential patients and employees Offering Memorandum > For Sale > Investment Opportunity 1144 E. McDOWELL RD. | PHOENIX, AZ 2 PROPERTY INFORMATION BARTLETT DESERT HILLS DR MORRI STOWN HWY N CAVE TO JOY RANCH RD VE CREEK RD CA E CREEK E ARLING ST ST ST AV NEW RIVER RD AV ST CLOUD RD OM D 7TH 7TH T CAREFREE HWY 19TH 16TH 24TH 32ND E AV E AV 203RD HAYDEN RHODES AQUEDUCT LONE MOUNTAIN RD 163RD DIXILETA DR TONTO NATIONAL FOREST EEK RD R C ST DYNAMITE BLVD RIO VERDE DR RD VE ST PATTON RD CA GRAND AVE 64TH JOMAX RD FORE VD ALE RD AKE PLEASANT RD D HAPPY VALLEY RD L HAPPY VALLEY RD TS OT TUM BL E E TA PIMA RD SC PINNACLE PEAK RD AV PINNACLE PEAK RD AV T L RD DEER VALLEY RD WEL 91S 195TH DEER VALLEY RD THOMPSON PEAK PKWY PIMA FWY T MCDO SURPRISE BEARDSLEY RD AGUA FRIA FWY FOR VD AIN RD E E E E E E E SCS OTTSDALE AV ST ST AV AV ST UNION HILLS DR ST AV ST AV AV AV ST L MOUNT T TUM BL WEL SUN VALLEY PKWY 35TH 7TH 7TH 16TH 32ND 40TH TA 56TH 64TH 115TH 59TH BELL RD 51S 43RD 19TH BELL RD GREENWAY PKWY MCDO SUNU GREENWAY RD GREENWAY RD FRANK LLO THUNDERBIRD RD ELL MIRAAGEE CITTY THUNDERBIRD RD YD WRIGHT BL FWY N O VE CREEK RD ST CACTUS RD ST CACTUS RD CA VIA LINDA YDEN RD K CANY VD FOUNTOUNTAAIN AC YOUNGOU GTOWNN PEEORIAR PEORIA AVE SHEA BLVD HA 104TH 124TH BL ON LN. HILHI LSL TT Offering Memorandum > For Sale > Investment Opportunity DOUBLETREE RANCH RD OLIVE AVE CO REEMS RD PROPERTY INFORMATION>LocationDUNLAP AVE & Amenities HA YDEN RHODE S A NORTHERN AVE 1144 E. McDOWELL RD. • PHOENIX, ARIZONA GLENDL N ALEA NORTHERN AVE PARADISED VIA DE QUEDUCT E VENTURA AV GE RD GLENDALE AVE VALLEYE INDIAN BEND RD AL BUSH HWY The Location LINCOLN DR CHFIELD RD SART RD GRAND AVE BETHANY HOME RD MCDONALD DR Y SARIV LIT DY EL MIRA McDOWELL ROAD FW Major East-West arterial runs parallel to Interstate 10 Y CAMELBACK RD CAMELBACK RD AK CHAPARRAL RD PE FW BEELINE HWY LITCHFIELDI D CAMELBACK RD AW PIMA S RD INDIAN SCHOOL RD SQU PARK ARTS INDIAN SCHOOL RD OL RD SA DR CKER RD WE Close to the Phoenix Art Museum and the Heard Museum on Central Avenue E E ALE E E E E E E E E D E ME RE POWER RD AV HA AV AV AV AV AV ST ST AV AV AV ST ST ST ST Y PASS RD AV THOMAS RD TS AV THOMAS RD CREEK PKWY THOMAS RD T T BSON RD YDEN RD OT PLE SER P 43RD U 35TH 115TH 107TH 99TH 91S 83TH 75TH 67TH 59TH 51S PE BANNER-UNIVERSITY ALMA SC HO MCDOWELL RD MCDOWELL RD 24TH 32ND 40TH 44TH 56TH 64TH SC HA PIMA RD DO MCDOWELL RD OD DR PAPAGO FWY MEDICAL CENTER PHOENIX RED MT FWY GALVIN One of the largest nonprofit hospital systems in the country VAN BUREN ST PKWY MCKELLIPS RD GOODO YEAREARR VAN BUREN ST IRONWO CURRY RD LOST DUTCHMAN BLVD YUMA RD BUCKEYE AVONDOMINI-STACKDAALE BUCKEYE RD UB DR BROWN RD Convenient access to the busiest freeway interchangeTOLLL inEES ArizonaSONN MARICOPA FWY Y CL PKWY Immediate access to I-10, I-17 and SR 51 LOWER BUCKEYE RD MEM SAA SUPERSTITION BLVD LA APAPPAACHEH JUNCTIONJ C O UNIVERSITY DR CRISMON RD MAIN ST APACHE TR TREL DR E APACHE BLVD OLD WE ES E COUNTR BROADWAY RD BROADWAY RD TA T RD Y RD AV SKY HARBOR INTERNATIONAL AIRPORT BROADWAY RD AV L ST HWY ARD 5 minute drive SA DR APLEY DR MIL TEEMPPE AL VIS SOUTHERN AVE BULL SOUTHERN AVE V SOSSAMAN RD GREENFIELD RD HIGLEY RD ME ST GILBER LINDSA SOUTHERN AVE E AV SUPERSTITION FWY E E E E E E ARIZONA STATE UNIVERSITY E AV BASELINE RD ST AV AV AV ST AV AV AV ST CKRABBIT TR 10 minute drive to Tempe main campus BASELINE RD TE RD WK RD T AHO RD JA INDIAN5 minute SPRINGS drive to Downtown RD Phoenix campus BELOAT RD ID CENTRAL 59TH 51S 7TH 7TH 16TH 19TH 43RD 35TH 27TH DOBBINS RD 48TH GUADALUPE RD GILBERG B RT AIN VIEW MERIDIAN RD OMAHA GOLDFIELD RD T GUADALUPE DR ELLIOT RD TRANSIT ELLIOT RD ELLIOT RD Y SIGNAL BUT ST Bus station borders the property MOUNT 1.5 miles to the Light Rail station at Central Ave. and McDowell FW Y NARRAMORE RD ESTRELLA DR PRIE WARNER RD FW PRICE OCK RD COLLIERS INTERNATIONALA 7 RAY RD SAINT JOHNS RD ST TH RD CLINT LEY RD URAL RD AIN RD L WILLIAMS FIELD RD 56TH MC KYRENE RD R PRICE RD CHANDLER BLVD MARICOP CHANDLERC A D E VA LSWOR W L RD EL PECOS RD PECOS RD MOUNT RIT TENHOU TUTHIL RAINBO GERMANN RD GERMANN RD CKER RD SE RD D RE R BEL A QUEEN CREEK RD TLINE RD GILA RIVER INDIAN CRIMSON RD PEARL HARBOR ME SUN LAKAKEKKES OCOTILLO RD GANTZEL RD COMMUNITY MARICOP CHANDLER HEIGHTS RD RIGGS RD RIGGS RD COMBS RD MORIAL QUEEN E OL RD DR AV CREEK TA T RD HUNT HWY Y RD FW S RD Y ONA QUEEN RD WE SKYLINE DR AL VIS ALMA SCHO ARIZ MC COOPER RD GILBER LINDSA V HIGLEY RD POWER RD HA SCHNEPF RD SOSSAMAN RD LOCATIONOffering Memorandum OVERVIEW > For Sale > Investment> Opportunity 1144 E. McDOWELL RD. • PHOENIX, ARIZONA Banner – University Medical Center Phoenix Banner – University Medical Center Phoenix, formerly Banner Good Samaritan Medical Center, is a nationally recognized academic medical center. The world-class hospital is focused on coordinated clinical care, expanded research activities and nurturing future generations of highly trained medical professionals who serve the community. Banner – University Medical Center Phoenix was recently ranked by U.S. News & World Report in the top 50 hospitals nationally for specialty care areas including Geriatrics, Nephrology and Urology. The hospital was also ranked the number 2 hospital in Arizona. The Phoenix campus, long known for excellent patient care, is the new home for medical discoveries, thanks to our collaboration with the University of Arizona College of Medicine – Phoenix. Patients with the most complex to the most common medical conditions seek us out for care.
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