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AVAILABLE ±3.1 Acres High Density Senior Housing / Multi Family Development

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AVAILABLE ±3.1 Acres High Density Senior Housing / Multi Family Development TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona SOUTH MOUNTAIN PARK DOWNTOWN PHOENIX ARIZONA STATE UNIVERSITY ENCANTO PARK (DOWNTOWN CAMPUS) PHOENIX ST. JOSEPH’S THOMAS RD LIGHT RAIL COMMUNITY HOSPITAL STATION ±28,332 VPD COLLEGE CENTRAL AVECREIGHTON MIDTOWN PHOENIX UNIVERSITY PARK SCHOOL CENTRAL ENCANTO VILLAGE OF MEDICINE LIGHT RAIL 7TH AVE FUTURE SPROUTS OBSORN RD ±20,595 VPD AND STARBUCKS BROADSTONE OSBORN SITE APARTMENTS ±3.1 ACRES 3RD AVE 5TH AVE N 4TH AVE 2555 E. Camelback Road, Suite 400 Mark Bramlett Phoenix, Arizona 85016 Managing Director ph:+1 602 954 9000 +1 602 224 4492 fx:+1 602 253 0528 [email protected] www.cushmanwakefield.com TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona PHOENIX OVERVIEW • The population of Greater Phoenix is 5.0 million and is expected to grow to nearly 6.4 million in the next 20 years. • A relatively young region, Greater Phoenix has a median age of 36.4 - 2.5 years younger than the average age nationwide. • The population boasts comparatively high-earnings, with a median household income of over $77,837. This is 20.3% above the national median average household income, which stands at $64,730. DEVELOPMENT WITHIN 2 MILES OF SITE EXISTING PLANNED OR U/C MULTIFAMILY HOUSING 86 BUILDINGS 20 PROPERTIES WITH WITHIN 2 MILES OF SITE 14,562 UNITS 2,770 UNITS OFFICE SPACE 786 BUILDINGS 1 BUILDING WITH WITHIN 2 MILES OF SITE 17,081,515 SF 392,000 SF DEMOGRAPHICS Daytime Population Employees within 268,240 within 3 miles 85,056 2 miles of the site of the site Beds and 2 hospitals Businesses within 656 in the 85013 zip code 10,931 3 miles of the site Sources: Population ESRI. Traffic, MF, Office, Traffic- CoStar. Employment- https://geo.azmag.gov/maps/azemployment/ asu.edu; phoenixmed.arizona.edu; phxhs.k12.az.us; biomedicalphoenix.com TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona PHOENIX MOUNTAINS CAMELBACK PAPAGO PARK PRESERVE MOUNTAIN DOWNTOWN TEMPE LIGHT RAIL CENTRAL AVE LIGHT RAIL CLARENDON PARK STATION APARTMENTS PARK CENTRAL ±20,595 VPD CLARENDON AVE 3RD AVE OBSORN RD SITE ±3.1 ACRES N TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona CORPORATE HEADQUARTERS “The city of Phoenix is the fastest-growing city in the U.S. for the 5th consecutive year according to the U.S. Census Bureau's 2020 estimates. Source AZ Big Media 5/2021 TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona THE OFFERING Students currently Cushman & Wakefield is pleased to present a unique 11,360 at ASU Downtown opportunity to purchase a ±3.1 acre, high density Phoenix Campus multifamily development site in Phoenix’s rapidly transforming Central Corridor. ASU student 1,284 housing beds The opportunity consists of ±136,271 square feet of developable land on the northwest corner of Osborn Road and 4th Avenue. This transit oriented development Students at the site provides for intense densities and height. University of Arizona 722 downtown Phoenix campus This rare site is located near the Valley Metro Light Rail, with a station within walking distance of the property at Central Avenue and Osborn Road. Phoenix’s urban $1.5 Billion Phoenix $1.5B Biomedical Campus revival has transformed the Central Corridor into a 24- hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. In addition to the Light Rail, the area has been influenced Acres in Phoenix 30 Biomedical Campus by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 11,360 - student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor. Sources: asu.edu; phoenixmed.arizona.edu; phxhs.k12.az.us; biomedicalphoenix.com TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona SITE DETAILS Phoenix Mountains GLENDALE AVE Preserve E V A E VEHICLES PER DAY V D A R L 3 4 A R ZONING C-2/R5, City of Phoenix T N E BETHANY HOME RD PHOENIX BAPTIST C SITE AREA ±3.1 acres HOSPITAL Christown Spectrum E V ADDRESS NWC 4th Avenue & Osborn Road A Mall T Arizona Biltmore S H T H 5 Golf Course T 3 6 118-30-288, 118-30-012, 118-30-288 1 TAX PARCELS 118-30-012, 118-30-013, 118-30-014A Biltmore Fashion CAMELBACK RD Park Grand Canyon Camelback T S University Colonnade H T 0 TRAFFIC COUNTS* Steele Indian 4 School Park CARL T. HAYDEN VA E PHOENIX INDIAN INDIAN SCHOOL RD V INDIAN SCHOOL RD MEDICAL CENTER A MEDICAL CENTER VEHICLES PER DAY H KINDRED HOSPITAL T 7 ARIZONA - PHOENIX T 2 S ! H T 7TH AVENUE 33,062 CARS E 8 V 4 A H NWC 4THT AVENUE AND Phoenix Country ARIZONA HEART 9 OSBORN ROAD 20,595 CARS 1 OSBORN ROAD Club HOSPITAL THOMAS RD ST. JOSEPH’S MEDICAL THOMAS RD Desert CENTRAL AVENUE 21,095 CARS CENTER PHOENIX CHILDREN’S HOSPITAL Palms Arcadia Encanto Crossing T Park HEARD MUSEUM S PHOENIX MOUNTAINS CAMELBACK MOUNTAIN D PRESERVE T L N I S 2 CAMELBACK CORRIDOR PHOENIXA ART 3 H R T Veterans Memorial MUSEUM 7 T BANNER UNIVERSITY MCDOWELL RD H MEDICAL CENER PHOENIX Coliseum G I CLARENDON PARK L APARTMENTS CENTRAL AVE MARICOPA MEDICAL THE CLARENDON CLARENDON AVE LIGHT RAIL CENTER HOTEL & SPA T E PHOENIX S V CONVENTION CENTER ST. LUKE’S MEDICAL A H CENTER T H 4 T 2 7 Arizona 4TH AVE 3RD AVE VAN BUREN ST Center ARIZONA STATE 5TH AVE PHOENIX MUSEUM OF HOSPITAL State HISTORY SITE OBSORN RD Capitol COMMERICA ±3.1 ACRES THEATRE Chase ±20,595 VPD Field BUCKEYE RD Phoenix Sky Harbor International Airport N *Source: ESRI 2021 TH OSBORN AVAILABLE ±3.1 acres AVE ROAD High Density Senior Housing / Multi Family Development 4 NWC 4th Avenue & Osborn Road | Phoenix Arizona AREA AMENITIES Central Phoenix is rapidly transforming into walking distance of Central & Columbus, students downtown to 11,360. the arts and cultural center of metropolitan was the first shopping mall in Phoenix In 2002, the Translational Genomics Phoenix. The Central Arts District, located opened in 1957. The 40+ acre site now Research Institute (TGen) in Phoenix’s just south of Central and Columbus, is the houses large corporate office tenants in central core, and the Phoenix Biomedical cultural heart of Phoenix, and home to the converted former anchor stores, with Campus was formed. The Biomedical the nationally renowned Heard Museum, retail and restaurants occupying smaller Campus, a city-owned, 30-acre medical Phoenix Theater, Arizona Opera, Burton shop spaces facing Central Avenue. and bioscience campus, includes 1.5 million Barr Central Library, and the Phoenix Art Market expectations are for a complete square feet and contains the highest Museum. New art galleries and music redevelopment of the buildings and site concentration of research scientists in the venues are adding to this existing base of in the near future. With its location in region and includes TGen, the International major cultural institutions. New amenities the heart of the Central Corridor, and Genomics Consortium, Barrow Neurological are constantly opening, including trendy significant potential for the highest quality Institute, National Institutes of Health, and restaurants, coffee houses, cocktail bars, development at the site, Park Central is leading biomedical education programs micro breweries and retailers. The Central widely expected to be a major accelerator for University of Arizona, Arizona State Corridor area boasts over forty restaurants for the urban renewal trends in the area. University, and Northern Arizona University. such as Pane Bianco, Central Wine, The Phoenix’s Central Corridor has long Clever Koi, Duck and Decanter, The Wild Arizona State University opened its benefited from anchor institutions including Thaiger, Durant’s, Switch, Corduroy, and downtown campus in 2006 and has hospitals, museums and libraries, and many more. Following national trends, invested $500 million in construction alone professional sports facilities. Phoenix is this urban renewal movement is attracting since 2016. The campus now includes following national trends, where locations developers, residents and cutting-edge ASU’s journalism, public service, nursing, rich in these anchor institutions are employers to the area. Redevelopment and teacher education programs, and experiencing strong demand from tenants, of iconic Park Central Mall will accelerate the Sandra Day O’Connor College of Law employees, and residents. improvement. Park Central Mall, within opened in 2016, bringing the number of A N T H E M C A V E C R E E K TH OSBORN JOY RANCH RD AVAILABLE ±3.1 acres CLOUD RD C A R E F R E E CAREFREE HWY E ROAD V A High Density Senior Housing / Multi Family Development H DOVE VALLEY RD T 7 8 AVE 1 E V NWC 4th Avenue & Osborn Road | Phoenix Arizona A T LONE MOUNTAIN RD 4 S 1 7 1 E E DIXILETA DR V D E V DIXILETA DR A R V A E A E E H E N V D H V V T E E V D A T R A 5 A V A D R 9 5 H RIO VERDE DR A E 1 3 Y 5 H H H L T 6 A 2 T T T 1 T D D 9 A 5 7 S 1 H 1 1 R R 3 2 D 2 2 3 H 2 2 CAVE BUTTES S A 4 T T 2 6 M JOMAX RD T JOMAX RD REC AR15EA MinuteI Drive-Time Demographics 5 P O C S HAPPY VALLEY RD HAPPY VALLEY
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