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Multifamily Development Opportunity

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Multifamily Development Opportunity Multifamily Development Opportunity W Campbell Ave Frontage Rd ±0.5 Acres Frontage Rd W Turney Ave 4402-4406 N Black Canyon Hwy 2944 N 44th St, Suite 200, Phoenix, Arizona +1 602 955 4000 Phoenix, Arizona 85017 naihorizon.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY For more information: OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, Christopher Lewis LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING +1 602 393 6617 CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE [email protected] MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. Multifamily Development Opportunity Property & Location Highlights • ±0.56 Acres (24,393 SF) at Camelback Rd & Black Canyon Hwy • Minimal site prep required • R-5 Multifamily Zoning • Utilities on property • Parcel #s: 154-18-005, 154-18-011, 154-18-017 • Minutes to Downtown Phoenix, Sky Harbor International Airport, • Dense and proven rental market within minutes of major employers Metro Center, major employers and more and conveniences • Excellent freeway access • Easy navigation along Black Canyon Hwy frontage road • Walking distance to bus line • Possible assemblage • Just outside of Opportunity Zone W Campbell Ave ±0.5 Acres Frontage Rd Sale Price: $339,500 ($13.91/SF) Christopher Lewis +1 602 393 6617 [email protected] Multifamily Development Opportunity Area Amenities W Camelback Rd Osborn Middle School N 35th Ave Granada Elementary School SUBJECT N 19th Ave W Indian School Rd Christopher Lewis +1 602 393 6617 [email protected] Multifamily Development Opportunity Major Employers | I-17 Corridor USAA (3,892 employees), Cigna Healthcare of AZ (1,574 1 1 employees), Farmers Insurance (698 employees), Chubb Group Insurance (546 employees) American Express (6,764 employees), Honeywell (6,262 2 employees), Discover Financial Services (3,021 employ- 2 ees), Cox Communications (2,104 employees), Petsmart Inc (2,017 employees), Best Western (1,009 employees), Alorica (563 employees), Asurion (500 employees) 3 Waste Management of AZ (1,394 employees), Triwest 3 Healthcare Alliance (1,000 employees), Consumer Cellular (850 employees), Empereon Marketing (500 employees), Pinnacle West Capital Corporation (2,930 employees), Blue 4 Cross Blue Shield of Arizona (1,602 employees), General Dynamics (1,131 employees), Ping Inc (770 employees), 4 Cognizant Technology (600 employees) Grand Canyon University (4,114 employees), Abrazo 5 Healthcare (1,719 employees) United Parcel Service (1,755 employees), Shamrock Foods SUBJECT 6 Company (1,755 employees), Kenyon Plastering Inc (800 employees) 5 Dignity Health (5,114 employees), U Haul (4,760 employ- 7 ees), VA Medical Center (3,300 employees), Centurylink (907 employees), Cable One Inc (681 employees), Terros Inc (570 employees), Shasta Industries Inc (548 employ- 6 7 ees), Universal Services of America (500 employees) Banner Health (10,041 employees), JPMorgan Chase 8 (6,060 employees), Wells Fargo (4,285 employees), Quick- 8 en Loans (898 employees), The Arizona Republic (790 employees), Freeport Mcmoran Inc (790 employees), Uber (600 employees), Upgrade Inc (500 employees) Source: City of Phoenix Note: All locations are approximate Christopher Lewis +1 602 393 6617 [email protected] Multifamily Development Opportunity Grand Canyon University Located less than 2 miles from the Subject Property GCU has a bright future The Beginning as Grand Canyon College able to self-fund these investments with only nominal increases • Recreation and fitness centers Grand Canyon College was chartered on Aug. 1, 1949, with 16 in tuition for nontraditional students, while freezing tuition for tra- faculty and approximately 100 students in Prescott, AZ. In 1951, ditional students for 10 straight years. • Student Union and popular eateries along Lopes Way the college relocated to a 90-acre tract in West Phoenix and was fully accredited in 1968 by the Commission on Institutions of Community Transformation • Two new engineering classroom buildings dedicated to Higher Education. Established as a Baptist-affiliated institution One aspect of this transformative endeavor starts with the new cutting-edge STEM learning with an emphasis on religious studies, the school initially of- development project at 27th Avenue and Camelback Road that’s fered bachelor’s programs in education. Programs expanded to changing the face of the Canyon Corridor. Developed to be the • The Grove - a community of four suite-style residence halls include the sciences, nursing, business, music and fine arts. It gateway into West Phoenix, this new development will serve as exclusively for freshmen was during this time when the college started to develop a rep- a commercial hub featuring: utation for producing effective teachers, nurses and health care • Division I athletics, club sports teams, intramural sports professionals in the Southwest. • A four-story office complex teams Becoming Grand Canyon University • Renovated GCU Hotel, resort-style pool and fitness • Academic, professional, social and recreational clubs While planning to change in institutional organization and status center to Grand Canyon University, Grand Canyon College identified • Academic and student support resources several landmark events during this transition: organizing pro- • Canyon 49 Grill and Grand Canyon Beverage Co. Source: www.gcu.edu grams and departments into colleges, offering graduate degree coffee shop programs, establishing the Grand Canyon University Foundation and the generosity of those who pledged or gave unrestricted • Building that will be home to a future business, eco- gifts valued at $1 million dollars or more. In May of 1984, college nomic and education innovation center trustees voted to prepare for transition to university status on the school’s 40th anniversary. Then GCU moved from being owned • This development is only the beginning for reshaping and operated by the Arizona Southern Baptist Convention to be- West Phoenix into a destination of economic, tourism, ing self-owned by the Board of Trustees. business, employment and educational growth. Our new enterprises (GCU Golf Course, GCU Hotel, Can- University Transformation and Investment yon 49 Grill, Grand Canyon Beverage Co.) also play a The university grew its campus student body from fewer than role in reviving the local community. 1,000 students in 2009 to over 19,000 ground students in fall 2017, where the incoming student GPA was 3.5. By 2016, more Tremendous transformation is happening now, and the future than 75% of the university’s traditional students study in rigor- looks even brighter. ous STEM and business programs. GCU’s nontraditional stu- dent body increased from approximately 22,000 students at the University Development start of 2009 to over 60,000 online students currently. Over 47% GCU’s campus continues to grow to meet the needs of students of GCU’s online student body is studying at the graduate level and cultivate world-class learning experiences. Here’s a snap- and that percentage is growing. shot of the campus today - a home away from home for our Lopes: In total since 2009, the university had invested over $1 billion dollars—and today, continues to invest in full-time faculty, im- • State-of-the-art GCU Stadium and GCU Arena proved technology infrastructure, new facilities and program- matic expansion in high-growth, high-demand areas such as • Contemporary residence halls and apartments with re- engineering, computer science and IT. The university has been sort-style swimming pools Click to Learn More About GCU Christopher Lewis +1 602 393 6617 [email protected] Happy Valley Rd Happy Valley 0 1 2 3 4 5 R I- LEGEND Miles SYSTEM MAP Scale is approximate. MAPA DEL SISTEMA Pinnacle Peak Rd 17 Transit Center Valley Metro Rail Local Buses Light Rail, Local, Express Phoenix-Deer Valley Municipal Airport Frequent and reliable all-day rail Main bus route 29th Ave Park-and-Ride Regular service Deer Valley Dr E Marriott Dr and RAPID Bus Routes 19th Ave 27th Ave 27th Ave 23rd service operating 365 days a year Select trips only Barry Point of Interest linking Phoenix, Tempe and Mesa Limited service Deer Valley Rd Eective/Validez 10.28.2019 Goldwater Direction of Travel with connections to Sky Harbor High School R SR Central Avenue Honeywell Airport and many bus routes. Rose Garden Ln Rose Garden Ln Desert Ridge Marketplace St 73rd 602.253.5000 | valleymetro.org Pima Fwy Scottsdale Healthcare Dr Washington Agua Fria Fwy 7th Ave 101 Rail line is on 101 E Mayo Blvd Thompson Peak Pkwy this street Train stops only at Van Buren HonorHealth Scottsdale Beardsley Rd Beardsley Rd 51 RAPID Bus light rail stations Glendale Thompson Peak 7th Street Foothills Library Fast and frequent bus service from Apache Blvd Behrend Dr Yorkshire Dr park-and-rides to downtown Phoenix 7th Avenue Utopia Rd Blvd Tatum Abrazo Arrowhead Hospital E on weekdays 5–8 a.m. and 3–6 p.m. Union Hills Dr Rd Creek Cave Light rail line Roosevelt Union Hills Dr E 56th St Mayo Clinic See light rail map on reverse for details. Phoenix Campus E Foothills Paradise Valley 101 R I-E 12th Street Aquatics Center Ave 27th 17 Community College RAPID stops only at these RAPID route(s) Buckeye Road 59th Ave 59th Arrowhead Ave 57th points and at transit centers. 35th Ave 19th Ave Scottsdale
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