Offering Memorandum > For Sale > Owner-User Investment Opportunity
1940 W. Glendale Ave. PHOENIX, ARIZONA 85021 PRESENTED BY Primary Contact: Secondary Contact: COLLIERS INTERNATIONAL Philip Wurth, CCIM Alexandra Loye 8360 E. Raintree Dr. Suite 130 Executive Vice President Senior Vice President Scottsdale, AZ 85260 480 655 3310 602 222 5169 480 596 9000 [email protected] [email protected] www.colliers.com/arizona
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 1 TABLE OF CONTENTS
1 2 3 4 INVESTMENT PROPERTY FINANCIAL LOCATION SUMMARY INFORMATION ANALYSIS OVERVIEW
PROPERTY OVERVIEW PROPERTY PHOTOGRAPHS TENANT PROFILE CITY OF PHOENIX | HOSPITALS OPPORTUNITY PROPERTY MAPS FINANCIAL SUMMARY AREA DEMOGRAPHICS HIGHLIGHTS FLOOR PLAN SUMMARY
PRESENTED BY Philip Wurth, CCIM Executive Vice President 480 655 3310 [email protected]
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERSCOLLIERS INTERNATIONAL INTERNATIONA LP. 22 1940 W. Glendale Ave.
1 INVESTMENT SUMMARY
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERS INTERNATIONAL 3 INVESTMENT SUMMARY>Project Overview 1940 W. GLENDALE AVE. • PHOENIX ARIZONA Overview Offering Summary 1940 W. Glendale Avenue is a 1.44 acre parcel comprised of a single-story building with an adjacent surface parking lot. The building totals approximately 13,969 SF and was built in 2018. The property is surrounded by established residential and retail development and is part Price: $3,400,000 of the 19North redevelopment area. The building is on the northwest corner of the signalized Price per Square Foot: $243.40 intersection at Glendale and 19th Avenues and offers convenient access to I-17 and SR-51. Banner Urgent Care is open daily from 8:00 a.m. to 9:00 p.m. The urgent care practice brings Occupancy: 31.1% individuals and families to the center each day who would frequent adjacent medical facilities NOI: $158,000.08 including: imaging, dialysis, OB/GYN, ENT, pediatrics, ophthalmologist or optometrist and physical or occupational therapy. The property is situated on the light rail transit corridor and 1940 W. Glendale Avenue Address: is adjacent to a passenger station. This area experiences a high volume of automobile and Phoenix, AZ 85021 pedestrian traffic each day = 135,067 vehicles per day and 2,300 light rail passengers per day. Building Size: ±13,969 SF The Opportunity Land Size: 62,789 SF / 1.44 AC 1940 W. Glendale Avenue is ideally situated for an owner user or investor looking for value added Year of Construction: 2018 upside. Banner Urgent Care occupies 5,000 SF of the building, leaving the adjacent 8,969 SF vacant for an owner/user to occupy or investor to lease up. The vacant space is in shell condition Tax Assessor Parcel Number: 157-17-039L and can easily accommodate retail, service industry or office uses. A truckwell runs alongside Zoning: C-3 the north side of the building. No. of Stories: 1 Property Highlights 2019 Taxes: $41,806.00 > Newer construction with contemporary finishes Construction: Block and Steel > Strong tenant identity with direct frontage > Ingress/Egress on 19th and Glendale Avenues > Convenient access to I-17 and SR-51 > Close to mature neighborhoods and established retail and dining > Located in Phoenix’s 19North Retail Corridor > Decreasing vacancy in trade area > Building Signage available fronting 19th and Glendale Avenues > Surface parking lot (89 spaces) > Adjancent to the Light Rail Transit Station at 19th and Glendale Avenues > Truckwell with roll-up door
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERSCOLLIERS INTERNATIONAL INTERNATIONA LP. 44 1940 W. Glendale Ave.
> Property Information
2 PROPERTY INFORMATION
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERS INTERNATIONAL 5 PROPERTY INFORMATION>Project Photos 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERSCOLLIERS INTERNATIONAL INTERNATIONA LP. 66 PROPERTY INFORMATION>Project Photos 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
PROPERTY PHOTOGRAPHS, continued from page 9
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERSCOLLIERS INTERNATIONAL INTERNATIONA LP. 77 PROPERTY INFORMATION>Aerials 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
NORTH PEORIA AVE. MOUNTAIN PARK
PHOENIX HONORHEALTH
35TH AVE. METROCENTER
19TH AVE. JOHN C. LINCOLN
CENTRAL AVE. MEDICAL CENTER
15TH AVE. (4 MILES / 9 MINUTES) 7TH AVE. 7TH ST.
DUNLAP AVE. DREAMY DRAW RECREATION AREA
CUBE SMART PHOENIX LIGHTRAIL SELF-STORAGE
LEXINGTON NORTHERN AVE. PHOENIX LIGHTRAIL SERVICES PHOENIX MOUNTAIN PRESERVE
SUBJECT PROPERTY 19TH AVE.
GLENDALE AVE. 1940 W. GLENDALE AVE. FRY’S MARKETPLACE WENDY’S
GLENDALE AVE.
BETHANY HOME RD. ABRAZO CENTRAL ARIZONA CAMPUS BILTMORE GRAND CANYON (1.3 MILES / 3 MINUTES) UNIVERSITY
CAMELBACK CORRIDOR MIDTOWN
CAMELBACK RD. PHOENIX LIGHTRAIL
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERSCOLLIERS INTERNATIONAL INTERNATIONA LP. 88 PROPERTY INFORMATION>Aerials (northwest) 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
1940 W. GLENDALE AVE.
MONUMENT SIGN
MONUMENT SIGN
GLENDALE AVENUE - 80,632 VPD
19TH AVENUE - 54,435 VPD
METRO LIGHT RAIL TRANSIT.
LIGHT RAIL TRANSIT STATION
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERS INTERNATIONAL 9 PROPERTY INFORMATION>Aerials (south) 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
DOWNTOWN PHOENIX
FRY’S MARKETPLACE
LIGHT RAIL TRANSIT STATION BARRY’S QUIK TRIP 2,300 PASSENGERS ACE HARDWARE PER DAY FIRSTBANK ABRAZO CENTRAL CAMPUS - 1 MILE
4 MILES TO SR 51 GLENDALE AVENUE - 80,632 VPD I-17 - 2.5 MILES MONUMENT SIGN
1940 W. GLENDALE AVE. 7-11 CONVENIENCE STORE WENDY’S MONUMENT SIGN
19TH AVENUE - 54,435 VPD CUBESMART SELF STORAGE LEXINGTON SERVICES
1940 W. GLENDALE AVE. | OFFERING MEMORANDUM COLLIERS INTERNATIONAL 910 PROPERTY INFORMATION>Valley Location 1940 W. GLENDALE AVE. • PHOENIX ARIZONA
CAVE CREEK CAREFREE CAREFREE HW