222 W Gurley Street€¦ · 222 W Gurley Street 1,815 SF in the Heart of Downtown Lease /...

222 W Gurley Street 1,815 SF in the Heart of Downtown Lease / Build-to-Suit

New Office/RetailBecome a Part of Downtown Prescott

Prescott, Arizona Exclusive Representation I Mary Jo Kirk 928.710.4045 I [email protected]

222 W Gurley Street, Prescott, Arizona I Office/Retail Lease Opportunity Mary Jo Kirk 928.710.4045 I [email protected] I Arizona Commercial

Site Location One Half Block from the Central Downtown Prescott Courthouse Square


Gurley Street 31,100 VPD

Summary____________________________________________1,815 sfStreet Level$16/sf NNNLow NNN’s - Estimated at $2.30Building ±8,040 sfStorefront 15’4”Depth 81’

Excellent Location on Prescott’s Main StreetPromenent Signage and High VisibilityOne-Half Block from the Courthouse SquareDense Downtown Retail, Financial and OfficeAnchored by Foothills Bank Corporate CenterCounty Seat for the Courts and Legal ServicesCentral to Downtown’s Walkable Core4 On-Site Dedicated Parking Spaces

Hub for Locals with Restaurants, Shopping,Galleries and Schools.

Draw for Tourists with 1,470 hotel rooms andB&B’s and over 25 heavily attended specialevents year round.

One Space Remaining


Floor Plan

Shell Delivery______________________Lessor shall provide as part of the initial construction thefollowing items:• Taped & Textured perimeter walls

• Entrance locable doors front and

rear (Unfinished)

• 18 2plug convenience outlets

• 6 floor to ceiling IT conduits in

perimeter walls

• ADA Unisex Rest Room complete

• Electric Panel w/breakers & power

to panel

• Electric room door (unfinished)

• Fire Sprinklers as now installed

• HVAC unit complete to start point

of distribution ducting.

• Concrete Flooring (uncolored)

• Tenant to be responsible for all

costs of hook up of all and any

utilities, water, sewer and other

similar services with the City,

as well as the City Building

Department approval of Tenant

initiated changes in construction

detail.

All costs for improvements over

and above those described shall

be at the cost of the Tenant.

Build to Suit_____________________________________________________________________________________________In addition to the Shell Delivery, Owner can provide turnkey, subject to review of tenant requirements, credit and lease terms.

Storefront 15’4”

Depth 81’

1,815 sf


Downtown Prescott

Phoenix 90 mi.Flagstaff 90 mi.Las Vegas 200 mi.Los Angeles 300 mi.San Diego 300 mi.Albuquerque 400 mi


The City of Prescott is noted by its quality of life, nicknamed “Everybody’s Hometown”. At an elevation of 5,400 feet with a near perfect4-season climate, it is a highly desirable place to live and work. It offers very low crime rates, easy commuting, affordable housing,excellent air quality and a wide variety of recreational and cultural attractions. Prescott faces few natural disasters making it ideal forcompanies considering relocating or expanding.

Prescott offers residents a full range of educational, outdoor and cultural activities. There are 20 public schools and five charter schoolsoperated by the Prescott Unified School District in Prescott as well as four private schools. Four colleges include Prescott College(4 year) Yavapai College (2 year), Embry-Riddle Aeronautical University (4 year). Northern Arizona University and Old DominionUniversity also offer higher education through their satellite campuses.There are 12 parks for hiking and picnicking, five lakes forfishing and water activities, more than 70 miles of hiking and biking trails, two activity and community centers and four golf courses.Cultural activities include plays and performances at four performing arts theaters, three historical museums, a children’s museum andthe Heritage Park Zoo.

Prescott’s quaint, small town and slower paced lifestyle appeals most to those nearing retirement as 54% of the population is 45 andolder. The City has retained it’s small town charm with historic buildings, storefronts and Victorian style homes. Over 800 buildingsin Prescott are on the National Register of Historic Places.

Prescott Overview

“ Third in the country for job growth and economic vitality.”

– INC. Magazine

City of Prescott Snapshot2013 Estimated Population 51,688_________________________________2018 Projected Population 52,710_________________________________2010 Census Population 51,295_________________________________2000 Census Population 40,490_________________________________Growth 2010-2013 0.77%_________________________________Growth 2013-2018 3.5%_________________________________2013 Estimated Median Age 54.48_________________________________2013 Estimated Average Age 48.97

Whiskey Row, Downtown Prescott


Major Employers Yavapai County_________________________________Yavapai County Government 1,414_________________________________Yavapai Regional Medical Center 1,402_________________________________Veterans Admin. Medical Center 889_________________________________Phelps Dodge 871_________________________________WalMart 750________________________________Humboldt Unified School District 631_________________________________Sturm Ruger & Co 579_________________________________Yavapai College 564_________________________________State of Arizona 560_________________________________Prescott Unified School District 495_________________________________City of Prescott 463_________________________________Embry-Riddle University 375_________________________________Yavapai Gaming 294_________________________________Lockheed Martin 300

Market Overview

“ Third best metro in the country for job creation.”

– Milken Institute

“Top 100 for Best Small Places for Business.”

– Forbes

The Prescott Metropolitan Service Area houses 82,500 residents within the combined city limits with a population base of approximately130,000. The trade area is approximately 220,000, the majority of those living within a 10 mile radius of downtown Prescott. The city’sgrowth has been steady at about 4% per year for the past decade and is expected to continue at that rate with an estimated five yearmarket growth projected at 16.2% within a 30 mile radius. Prescott has settled into a strong pace of economic recovery, with employment3.5% higher than a year ago. The unemployment rate is at 5.9% well below the national average of 6.3%. In addition, every majorindustry other than information is growing on a year-over-year basis. The trade, transportation and utilities sector is the largest industryin the metro area and has also been one of the strongest. Employment in that industry has reached its prerecession peak and is now5.0 % higher than a year earlier. Professional & business services are also joining the recovery with payrolls climbing a whopping 8.%higher over the year.

The retail service area extends 50 milesfrom the center of Prescott. Many residentsin outlying areas travel to Prescott formedical services, employment, entertain-ment, government offices and shopping.Approximately 500,000 visit overnighteach year. Those visitors include a growingnumber of people from the Phoenix area,who make the 90 minute trip during thesummer to escape the desert heat, as wellas the fall and winter visitors looking totake advantage of the year round mild andsunny climate. Population gains, whichare running more than twice the nationalaverage thanks to positive net migration,should help move home sales and prices.The influx of residents should also boostconsumption of local goods and services.

Non-Farm Gain/Loss by Region. Source: Office of Economic Opportunity in collaboration with the US Dept.

of Labor’s Bureau of Labor Statistics; 2016 Current Employment Statistics

Prescott 2016 Job Growth Leads the State

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