Desert Ridge 20
Total Page:16
File Type:pdf, Size:1020Kb
N DESERT RIDGE CAVE20 CREEK CAREFREE LEASE ALL OR PART STATE LAND NWC LOOP 101 FREEWAY & 56TH STREET | PHOENIX, AZ STATE LAND STATE LAND DESERT RIDGE GOLF COURSE STATE LAND MARQUIS AT DESERT RIDGE TOSCANA AT DESERT RIDGE 56 NORTH APARTMENTS HIGH ±17,893 VPD DEER VALLEY DR STREET CROWN PL STATE LAND PHOENIX 56TH ST NORTHSIGHTHIGH STREET CROSSING RETAIL CITY NORTH 12 ACRES PLANNED MULTI-FAMILY ±22,192 VPD 8 ACRES PLANNED COMMERCIAL Don Arones Brent Mallonee 2555 E. Camelback Rd, Suite 400 Phoenix, Arizona 85016 Managing Director Senior Director ±166,553 VPD ph:+1 602 954 9000 +1 602 224 4432 +1 602 224 4437 fx:+1 602 253 0528 [email protected] [email protected] www.cushmanwakefield.com STATE LAND DESERTNORTHSIGHT RIDGE MARKETPLACE CROSSING DESERT RIDGE GOLF COURSE N TALINN AT DESERT RIDGE SHEA HOMES TOSCANA AT DESERT RIDGE MARQUIS AT ±17,893 VPD SHADE AT DESERT RIDGE DESERT RIDGE DEER VALLEY DRIVE D.R. APARTMENTS VPD ±32,296 DESERT HORTON RIDGE HIGH MARKETPLACE STREET 56 NORTH APARTMENTS NORTHSIGHTHIGH STREET CROSSING RETAIL ±166,553 VPD STATE MUSICAL LAND INSTRUMENT MUSEUM SITE MAYO BOULEVARD SUMCO USA 56TH STREET REACH 11 BOULEVARD TATUM RECREATION DESERT AREA RIDGE VPD ±22,192 SOUTH MAYO CLINIC NORTHSIGHTMAYO CLINIC CROSSING CAMPUS CAMPUS PROPERTY SUMMARY ±20 ACRES NWC Loop 101 Freeway & 56th Street The ±20-acre property is located at the northwest corner of Loop 101 Freeway & 56th Street in Phoenix, AZ. The property Property Information is located in the heart of the Desert Ridge commercial core, which is estimated to add between 80K-100K jobs over the • Leasehold property (Improvements do not go to land at end next 20 years. The amenity-rich core includes the 1.2 MSF of lease) Desert Ridge Marketplace, High Street, a 628,000 SF mixed-use o Initial term expires 2092 development featuring office, retail and residential units and o Lessee retains ownership of improvements upon City North, a 96.5-acre under construction development with expiration over 200,000 SF of office space, a 200-room hotel and two restaurants in phase one. The ±20-acre property has frontage • Currently entitled for 416 residential units, 142k SF of retail, and great visibility from the Loop 101 Freeway, which is currently 490k SF of office and 136 hotel keys undergoing expansion. AREA HIGHLIGHTS 1 MILE 3 MILES 5 MILES Mayo Clinic Hospital is working on a $650 Population million expansion for their Phoenix hospital adding 1.4M SF and has partnered with 1,714 66,108 191,920 Arizona State University on the 150,000 SF Health Solutions Innovation Center that is Average Household Income under construction next to the hospital. $150,067 $122,436 $117,184 Number of Jobs Employee Counts: 9,240 23,860 68,220 • American Express (2,380 Employees) • SUMCO (420 Employees) • Sprouts Farmers Market HDQ (505 The property is just north of the Mayo Clinic Hospital which employs Employees) ±4,548 people and is ranked the No. 1 hospital in metro Phoenix and No. 18 nationally by U.S. News & World Report • Marriot Resort (620 Employees) DESERT RIDGE GOLF COURSE MULTI-FAMILY OVERVIEW N MONTREUX SHADE AT APARTMENTS DESERT RIDGE ±335 UNITS MARQUIS AT ±17,893 VPD APARTMENTS DESERT RIDGE ±342 UNITS DEER VALLEY DRIVE ±370 UNITS ±32,296 VPD ±32,296 DESERT RIDGE MARKETPLACE HIGH STREET 56 NORTH APARTMENTS RESIDENCES ON ±344 UNITS ±166,553 VPD HIGH STREET PROPOSED ±99 UNITS ±170 UNITS STATE LAND CITY NORTH MUSICAL PROJECT (PROPOSED) SITE INSTRUMENT ±250 UNITS MUSEUM MAYO BOULEVARD SUMCO USA 56TH STREET REACH 11 BOULEVARD TATUM RECREATION DESERT AREA RIDGE VPD ±22,192 SOUTH DESERT RIDGE GOLF COURSE N DEER VALLEY DRIVE OFFICES ON HIGH STREET DESERT RIDGE PHASE II (PROPOSED) MEDICAL CAMPUS ±17,893 VPD ±200,000 S.F. ±119,849 S.F. OFFICE SPACE MEDICAL OFFICE SPACE ±32,296 VPD ±32,296 DEER VALLEY DRIVE ±25,828 S.F. DESERT MEDICAL OFFICE SPACE OFFICES ON RIDGE HIGH STREET MARKETPLACE ±330,510 S.F. OFFICE SPACE ±166,553 VPD DESERT RIDGE STATE DESERT RIDGE CORPORATE CENTER ±275,208 S.F. LAND CORPORATE CITY NORTH OFFICE SPACE CENTER PHASE III (PROPOSED) ±9,338 S.F. (PROPOSED) ±1,500,000 S.F. SITE OFFICE SPACE MUSICAL OFFICE SPACE INSTRUMENT MUSEUM MAYO BOULEVARD SUMCO USA 56TH STREET REACH 11 BOULEVARD TATUM RECREATION AREA ±22,192 VPD ±22,192 AMERICAN EXPRESS ±670,000 S.F. OFFICE SPACE DESERT RIDGE GOLF COURSE OFFICE OVERVIEW N DEER VALLEY DRIVE OFFICES ON HIGH STREET DESERT RIDGE PHASE II (PROPOSED) MEDICAL CAMPUS ±17,893 VPD ±200,000 S.F. ±119,849 S.F. OFFICE SPACE MEDICAL OFFICE SPACE ±32,296 VPD ±32,296 DEER VALLEY DRIVE ±25,828 S.F. DESERT MEDICAL OFFICE SPACE OFFICES ON RIDGE HIGH STREET MARKETPLACE ±330,510 S.F. OFFICE SPACE ±166,553 VPD DESERT RIDGE STATE DESERT RIDGE CORPORATE CENTER ±275,208 S.F. LAND CORPORATE CITY NORTH OFFICE SPACE CENTER PHASE III (PROPOSED) ±9,338 S.F. (PROPOSED) ±1,500,000 S.F. SITE OFFICE SPACE MUSICAL OFFICE SPACE INSTRUMENT MUSEUM MAYO BOULEVARD SUMCO USA 56TH STREET REACH 11 BOULEVARD TATUM RECREATION AREA ±22,192 VPD ±22,192 AMERICAN EXPRESS ±670,000 S.F. OFFICE SPACE AERIAL LOOKING EAST MCDOWELL MOUNTAIN REGIONAL PARK SCOTTSDALE MARKET STREET NATIONWIDE INSURANCE REGIONAL HEADQUARTERS GRAYHAWK PLAZA SCOTTSDALE SCOTTSDALE RD SCOTTSDALE 101 NORTHSIGHTGRAYHAWK CROSSING PLAZA NORTHSIGHT CROSSING 101 NORTHSIGHTMARKET STREET CROSSING CAMDEN NORTH END APARTMENTS STATE LAND STATE LAND 56TH ST PHOENIX N AERIAL LOOKING SOUTH CAMELBACK NORTHSIGHTPARADISE VALLEY CROSSING MALL SCOTTSDALE MOUNTAIN PARADISE VALLEY MALL STATE LAND REACH 11 RECREATION TRAILS MAYO CLINIC DESERT CAMPUS RIDGE SOUTH STATE LAND MAYO BLVD STATE LAND STATE LAND NORTHSIGHTMAYO CLINIC CROSSING CAMPUS STATE LAND 56TH ST N PHOENIX · r · r MILLER RD APACHE RD WATSON RD 227TH AVE RAINBOW RD CROZIER RD DEAN RD 211TH AVE to uncertainty and do not signify current or future propertysubject performance. to errors, omissions, change of price, rental or otherwarranty conditions, or representation, withdrawal without express notice, or implied, and to any special is made listing as©2021 to the condition Cushman conditions of the & Wakefield. property imposed All by the properties) (or rights property reserved. referenced owner(s). Any projections, The herein information or as to the opinions accuracy contained or or completeness estimates in this communication are subject of the information is strictly contained confidential. herein, This and information same is submitted has been obtained from sources believed to [email protected] reliable but has not been verified. No 4432 224 +1 602 Managing Director Don Arones AIRPORT RD 203RD AVE JACKRABBIT TRL GOODYEAR SURPRISE PERRYVILLE RD 187TH AVE CITRUS RD D 171ST AVE COTTON LN J A O L M E A L X N SARIVAL AVE 163RD AVE SARIVAL AVE R D ESTRELLA PKWY REEMS RD · r r · BULLARD AVE BULLARD AVE SUN CITY SUN CITY LITCHFIELD RD WEST AVONDALE DYSART RD EL MIRAGE RD AVONDALE BLVD r [email protected] 4437 224 +1 602 Senior Director Mallonee Brent · 107TH AVE CITY SUN 99TH AVE TOLLESON GLENDALE 91ST AVE 83RD AVE T H I U N C J N A O T D D H M M 75T I H AVE PEORIA A E O E A R N M L X B B A S R A I S C R D C H D 67TH AVE R K O D R R O D D L N R O D R 59TH AVE T H P L H B E O U I G V N A R E G W N L A T P N N R I E E H N B P 51ST O AV E A E N A R A U Y N B E C B D V N C N E L B V U A E H K E Y L W U A R L L I E C L P E L H E A Y K R L L 43RD E N AVE Y O E A S E D E A M V Y S R Y R K D E T E D E D R R R R D R D D D 35TH AVE B R S O ANTHEM O B A U A D D T S O H W E B E L PHOENIX A B R I N Y I N N E R S A 19TH AVE R D V R D E D r 7TH AVE · 7TH ST SITE 16TH ST 24TH ST CAVE CREEK RD r · 32ND ST C AVE 40TH ST 40TH ST CR EEK PARADISE RD VALLEY L S 48TH ST I TATUM C BLVD H N A E C C A O T M L U B N C PRIEST DR C L S A 56TH D ST V 56TH ST D M R O D CAVE CREEK R D N E L A L B O D KYRENE RD L A J TEMPE D Y N D O C N E I CHANDLER D M K X A M R A I M R L O X D I E U RURAL RD T T SCOTTSDALE R E RD N SCOTTSDALE RD A D r · T B D A r · L SCOTTSDALE R I V N DR D MCCLINTOCK HAYDEN RD R D T I H N M O C DOBSON RD D C H M I D A A A O N P S W A S R R E C D R L ALMA SCHOOL RD H A L O L R O D R L D ARIZONA AVE R D MCQUEEN RD M C K r · E L L C I H COOPER RD P P A S E R N C R A D O Y D L S E R G R ILBERT RD R G D ST E 136TH D B R L M V MESA A D GILBERT N LINDSAY RD r · N 144TH ST R D VAL VISTA DR FOUNTAIN 152ND ST HILLS GREENFIELD RD r · 160TH ST W I L L HIGLEY RD S I 168TH ST A O B B U M U A R N G T S O M S I E B U H A V A F L RECKER RD R A E E D I I I O N E R D R N W L N W S A E S D A I L T N A T R Y U R Y V D P R R D E POWER RD D E D D W R R A D R E N L SOSSAMAN RD E L r · R I O R T D R D ELLSWORTH RD QUEEN CREEK CRISMON RD SIGNAL BUTTE RD MERIDIAN RD MERIDIA JUNCTION N RD APACHE VINEYARD RD IRONWOOD DR IDAHO RD TOMAHAWK RD GOLDFIELD RD MOUNTAIN VIEW RD · r · r.