Behavioral Health Treatment Center Campus for Sale...1 brown leather sectional 1 ottoman 1 sofa...

111 S Hearthstone Way Chandler, AZ

Offering Memorandum

Tim DulanySenior Vice President+1 602 222 5186 [email protected]

Behavioral Health Treatment Center Campus for Sale

OFFERING MEMORANDUM 111 S Hearthstone Way | 3

Executive Summary

Address 111 S Hearthstone WayChandler, AZ 85226

Parcel ID 301-65-879, 301-65-878A, 301-65-880

Property Size Approximately 13,718 square feet of residential properties, consisting of seven separate homes.

Land Area 2.35 AC, or 102,366 gross square feet

Year Built 1987; renovated in 2014 and 2018. Decorated and furnished by professional designer in 2018.

Zoning Planned Area Development (PAD), City of Chandler, for use as a behavioral health residential treatment center

Major Cross Streets Loop 101 and Chandler Blvd

Access Two blocks west of Loop 101 off Chandler Blvd. Head south on Hearthstone Way to entrance of gated, private cul-de-sac's campus property.

Note Asking price includes all existing, brand new state-of-the-art telecommunication system, security alarm, fixtures, furnishings and business equipment estimated at $1 million. See complete furnishings list.


The Offering

This is truly a one-of-a-kind opportunity to own a 40-bed

capacity, move-in ready behavior health/substance abuse

treatment facility campus located within the city of Chandler,

Arizona. This subdivision of residential properties consists

of seven separate residential units utilized over the past 25

years as a behavioral health residential treatment center.

The campus includes:

Total combined square feet for all seven properties is 13,718.

This campus of seven is located within a private, gated

cul-de-sac subdivision consisting of three separate land

parcels with a combined land area of approximately 2.35

AC (102,366 SF). The property is zoned as PAD (Planned

Area Development), per City of Chandler zoning ordinance.

Property is use-approved for behavioral health residential

treatment center. The residential homes located on the

property are currently vacant and have previously been

utilized as a residential treatment facilities for eating

disorders and substance abuse. Previously, the operator

was licensed in 2018 with the Arizona Department of Health

Services for a total capacity of up to 40-person bed count.

This residential treatment center campus was originally

constructed in 1987, then renovated in both 2014 and 2018. All

the properties have been upgraded with fire sprinklers, alarms,

and state-of-the art security alarm system in place. All come

furnished with beds (and/or bunk beds), bedding, sofas, couches,

chairs, administrative desks and chairs, large color flat screen

TVs, dining room tables and chairs, washers and dryers, full

kitchen with appliances, outdoor patio furniture, gas fire pit and

golf carts. Please see complete furnishings list for further details.

The property surroundings include The Met at Fashion Center

(303-unit Class A apartment building), Hyatt Place hotel (129-

unit upscale hotel), Element by Weston hotel (107-room modern

hotel), the Chandler Fashion Center Mall (over 1 million square

foot super regional shopping mall anchored by Sears, Harkins

Movie Theater, Dillards, Macy, Nordstrom, Best Buy, Barnes

and Noble, Pottery Barn, Cheesecake Factory, and dozens of

other national tenants), Target, Costco, Walmart, Hobby Lobby,

Aspire Kids Sports Center and Sun Devil Gymnastics, along with

numerous other restaurants and retail stores. Property is within

minutes of Chandler Hospital and major employers such as Intel,

GM, Paypal, Bank of America, Orbital Science, Boeing, Basha’s

Grocery Store, Go Daddy, Edward Jones, Avnet and ASU.

Property has direct access to Chandler Boulevard, which

connects to Loop 101, Loop 202 and Interstate 10.

111 S Hearthstone Way | Chandler, AZ

Property A – 2,032 SF

Property B – 2,314 SF

Property C – 2,192 SF

Property D – 1,799 SF

Property E – 1,786 SF

Property F – 1,778 SF

Property G – 1,817 SF


Harkins Theatres

Cambria Inn & SuitesBest Buy

Costco

Element Hotel

Chandler Fashion Center

Country Club Way

Chandler Village Drive

Loop 101Loop 202

Target

111 S Hearthstone Way | 6 OFFERING MEMORANDUM

Property Location Aerial


Address:111 S Heartnstone Way

City, State, ZIP:Chandler,AZ 85226

County:Maricopa

Purpose of site plan: Behavioral Health

Residential Facility License Application

Scale:1" = 40'

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Maricopa County GIO, Maricopa County Assessor's Office

O

1/6/2019 7:26:28 PM

parcel # - 301-65-878A

Parcel 301-65-878AMaricopa County GIO, Maricopa County Assessor's Office

O

1/6/2019 7:25:48 PM

parcel # - 301-65-879

Parcel 301-65-879

Maricopa County GIO, Maricopa County Assessor's Office

O

1/6/2019 7:28:28 PM

parcel # - 301-65-880

Parcel 301-65-880111 S Hearthstone Way | 13

111 S Hearthstone Way | 22

Real Estate Property InformationADDRESS

111 South Hearthstone WayChandler, AZ 85226

LAND AREA

This campus is located within a private gated cul-de-sac subdivision consisting of three separate land parcels with a combined land area of approximately 2.35 acres (102,366 SF).

Parcel No. 301-65-878A

Parcel No. 301-65-879

Parcel No. 301-65-880

PROPERTY SIZE

This subdivision consists of seven separate residential units classified as dormitories previously used as Behavioral Treatment Center. The campus includes the following for a total of 13,718 SF:

Property A – 2,032 SF

Property B – 2,314 SF

Property C – 2,192 SF

Property D – 1,799 SF

Property E – 1,786 SF

Property F – 1,778 SF

Property G – 1,817 SF

ZONING

Planned Area Development (PAD), per City of Chandler zoning ordinance, which is a use approved for behavioral health residential treatment centers. The residential homes located on the property are currently vacant and have previously been utilized as a residential treatment facilities for eating disorders and substance abuse. The previous operator was licensed in 2018 with the Arizona Department of Health Services.

BED CAPACITY

40 beds

ASKING PRICE

The Property is unpriced and interested parties are encouraged to make an offer. The property includes over $1 million in added fixtures, furnishings and equipment included with the sale of the campus. All homes come furnished with beds (and bunk beds), linens, sofas, couches, chairs, administrative desks and chairs, large color flat screen televisions, dining room tables and chairs, washers and dryers, full kitchen with appliances, outdoor patio furniture, working fire pit and golf carts. Please see complete inventory list for details.

YEAR BUILT

Originally constructed in 1987, then renovated in 2014 and again in 2018. All the properties have been upgraded with fire sprinklers, alarms, and state-of-the-art security alarm systems in place.

OFFERING MEMORANDUM

CONSTRUCTION

Wood frame and stucco

PARKING

Approximately 30 on-site surface parking spaces


Furnishings List

OFFERING MEMORANDUM

BAELI HOUSE

1 round wood table4 red leather barrel chairs1 black cabinet1 small white lamp and elephant figure1 wood dining table6 dining chairs2 green living room chairs1 brown leather sectional1 ottoman1 sofa table2 lamps1 silk floor plant and container

1 large wall mirror11 pieces of art1 white wood floor lamp2 double size bunk beds2 double size beds2 five-drawer chests1 night stand3 white round side tables3 white table lampsOutdoor patio furniture – 1 love seat, 2 chairs and ottomans, 1 coffee table, 1 floor lamp and one small rugMetal sign

CHLOE HOUSE

1 teal leather sectional1 square coffee table2 orange club chairs1 sofa table2 table lamps1 wood dining table and 6 chairs3 canvas art pieces2 double size bunk beds2 double size single beds2 large white armoires

1 five-drawer chest3 white round tables3 white table lamps1 area rug1 outdoors love seat, outdoor lamp1 small outdoor rug1 metal art piece3 black plaid bedroom chairs1 60” TV6 small bedroom pictures

JORDYN HOUSE

1 leather sectional and ottoman1 large yellow side chair1 sofa table2 blue lamps1 small chestSofa pillows1 dining table4 blue faux leather dining chairs2 black wood dining chairs2 double size bunk beds1 double single bed2 night stands2 five-drawer chests1 large white armoire3 white table lamps

2 small white round tables3 black plaid chairs1 large area rug in living room3 canvas art piecesVarious metal wall pieces2 outdoor rocking chairs with pillows1 small table1 outdoors floor lamp2 60” TVs1 large whiteboard with doors10 brown stacking chairs1 blue cabinet3 canvas art pieces in group room

OLIVIA HOUSE

3 piece leather set – sofa, love seat, and chair with ottoman2 yellow armless side chairsCoffee table3 side tables1 large area rug1 blue cabinet in foyer4 table lamps5 canvas art pieces1 dining table and 6 chairs1 round kitchen table and 4 chairs4 computer stations4 computers4 black computer chairs

3 leather recliner chairs with ottomansOutdoor furniture: 1 sofa, 2 chairs, cocktail table, 2 floor lamps, 1 area rug2 60” TVs1 large whiteboard with doors4 double bunk beds1 large seven-drawer dresser1 white round table3 white table lamps2 white armoires2 five-drawer chestsVarious metal signs and small mirrors

RILYN HOUSE

1 large fabric sectional2 leather barrel chairs1 cocktail table1 small red table2 table lamps1 wood dining table and 8 chairs1 metal kitchen table and 4 chairs3 double bunk beds1 double single bed1 night stand3 five-drawer chests3 white bedroom table lamps4 black plaid bedroom chairs3 round white tables

1 large area rug1 silk floor plant1 60” TV

Group Room:1 60” TV1 large whiteboard with doors1 blue cabinet2 silk floor plants10 large folding tables15 black stacking chairs3 pieces of canvas art1 wood pedestal and cross

MEKALA HOUSE

1 gray sofa2 patterned chairs1 small area rug1 round coffee table1 white wood floor lamp1 wood dining table8 blue dining chairs1 round kitchen table and 4 chairs1 large leather sectional1 square coffee table1 sofa table2 table lamps2 teal blue side chairs8 pieces of wall art

3 wood art signs3 double bunk beds2 double single beds1 five-drawer chest2 night stands4 white bedroom lamps5 black plaid bedroom chairs2 white round tablesVarious metal signs on wallsOutdoor furniture – 1 love seat, 2 chairs and ottomans, 1 coffee table, 2 floor lamps, 1 area rug1 60” TV

Nurse’s Station:1 navy sectional2 white end tables1 coffee table2 blue lamps1 area rug2 office chairs2 small red chairs1 glass side table1 exam table

1 Welch Allen vital signPrinterMonitorKeyboard3 small under counter refrigerators1 small dinner table and four chairs


Furnishings List, continued

OFFERING MEMORANDUM

CONSULT TWO

2 wingback blue chairs1 faux leather barrel chair1 round wood table1 table lamp1 small area rug4 pictures

CONSULT THREE

3 yellow polka dot chairs1 blue leather chair1 round table and lamp7 pictures1 C-desk

CONSULT FOUR

3 leather chairs2 side tables2 table lamps1 C-table2 pictures

CONSULT FIVE

3 swivel chairs1 round table1 lamp1 C-table4 pictures

MISCELLANEOUS

7 washer and dryer setsAll window coverings and drapesEntrance matsUmbrella stands with umbrellasWall clocksWicker hampersCoverlets for beds7 electric fireplace inserts

Pottery Barn shower curtains and liners80 bed pillows40 patient safes1 large office safe40 patient wall lamps for reading40 metal bulletin boards for patients

OUTDOOR FURNITURE

16 Adirondack chairs2 outdoor fire pits3 piece outdoor furniture set with cocktail table1 large blue solar umbrellaRound concrete table and 3 concrete benches

3 swing benches2 white benches10 concrete planters1 dining patio table and 6 chairs for staff under pergola2 concrete trash/cigarette containers

ADMINISTRATION BUILDING

2 leather barrel chairs1 small brushed chrome side table23 art pieces1 large conference room table10 office chairs with blue seats3 office desks2 credenzas3 wall cabinets

2 small round conference tables1 square conference table4 white leather chairs2 large bookcases and 2 sets of file drawers8 black and white office chairs1 Varidesk Prodesk 60 inch 1 double screen monitor, keyboard, desk lamp and chair

2 plaid wing back chairs1 leather wing chair1 round side table and lamp1 large reception desk L-shaped1 large desk lamp at reception1 large wall clock over reception desk1 round black dining table and 4 black chairs1 round wood table and 4 wicker chairs in

admission room2 side chairs and table in Med Dir. Office3 silk floor plants1 60” TV3 desk lamps1 holiday wreath

Home B2,314 SF

FloorPlans

Home A2,032 SF


FloorPlans

Home C2,192 SF

Home D1,799 SF


FloorPlans

Home E1,786

Home F1,778 SF


Home G1,817 SF


Zoning Ordinance LetterCity of Chandler


The city of Chandler is located in the southeast

portion of the Phoenix-Mesa-Glendale metro area.

The local population in the city totals more than

260,000 residents, and is expanding at a pace of

nearly two percent annually, faster than the state

average as a whole. The city is the fourth largest in

Arizona by population, trailing only Phoenix, Tucson

and neighboring Mesa. Of the top five cities in

Arizona, Chandler is by far the fastest growing city in

the group.

Businesses, particularly those in the high-tech

segments of the economy, looking to establish a

presence in Arizona due to the state’s pro-business

climate and affordable cost of living consistently

target Chandler to attract the talent they need to run

their enterprises. The most prominent technology

company in the area is Intel. The chip giant is the

largest employer in Chandler and one of the largest

employers in the state, with approximately 11,900

workers in the area.

Other established technology companies

operating in Chandler include eBay/PayPal (2,000

employees), Microchip Technology (1,500), Orbital

Sciences (1,400), Avnet (750) and Mitel (450).

One of the overriding themes in the Chandler

economy has been the growth associated with

technology companies. Simply put, the presence of

existing technology companies attracts additional

businesses that act as suppliers, competitors or joint-

venture partners.

In addition to a deep collection of technology

companies, the city of Chandler has a diversified

group of large local employers, with many financial

services businesses forming significant presences

in the area. Both Bank of America and Wells Fargo

have campuses in the city that employ thousands

of workers. Wells Fargo expanded its campus

expanding in the second half of 2015, relocating

some existing workers from other parts of the Valley.

Nationstar Mortgage moved into Chandler a few

years ago, bringing 1,000 new workers to the area.

Chandler, AZ Economic and Employment Overview

The Chandler market consists of approximately

13.8 million square feet of retail space,

headlined by the 1.2 million square foot

Chandler Fashion Center, which opened in

2001 at the intersection of Price Road and

Chandler Boulevard. Dillard’s and Macy’s are

the two largest tenants at Chandler Fashion

Center and the mall also includes one of two

Nordstrom stores in Arizona. The mall features

dozens of shops and restaurants, as well as a

20-screen Harkins Movie Theatre.

The Chandler retail market is growing, leading

to a surge in amenities for local residents.

Net absorption of retail space in Chandler

has been positive in 11 of the past 12 quarters,

totaling more than 1 million square feet in that

time. Some of the absorption was the result

of the 356,000 square foot Phoenix Premium

Outlets, which came online in 2013 near the

Gila River Wild Horse Pass Casino. This is the

most significant retail delivery in recent years,

and the project has outlet stores for such high-

end retailers as Brooks Brothers, Hugo Boss,

Kate Spade New York, Saks Fifth Avenue and

Armani.

Chandler Amenities Overview


Confidentiality & Disclaimer

This Offering Memorandum contains select

information pertaining to the business and

affairs of the property at 111 S Hearthstone Way,

Chandler, AZ (Property). Colliers International

has prepared this document. This Offering

Memorandum may not be all-inclusive or

contain all of the information a prospective

purchaser may desire. The information

contained in this Offering Memorandum is

confidential and furnished solely for the

purpose of a review by a prospective purchaser

of the Property. It is not to be used for any other

purpose or made available to any other person

without the written consent of Owner and

Colliers International. The material is based in

part upon information supplied by the Owner

and in part upon financial information obtained

by Colliers International from sources it deems

reliable. Neither Owner, nor their officers,

employees, or agents make any representation

or warranty, express or implied, as to the

accuracy or completeness or this Offering

Memorandum or any of its contents and no

legal liability is assumed or shall be implied

with respect thereto.

Prospective purchasers should make their own

projections, form their own conclusions without

reliance upon the material contained herein,

and conduct their own due diligence.

By acknowledging your receipt of this Offering

Memorandum, you agree:

1. 1. The Offering Memorandum and its

contents are confidential;

2. 2. You will hold it and treat it in the strictest

of confidence;

3. 3. All photographs and graphic elements

are property of the Owner and use without

Owner’s expressed written permission is

prohibited; and

4. 4. You will not, directly or indirectly,

disclose or permit anyone else to disclose

this Offering Memorandum or its contents

in any fashion or manner detrimental to

the interest of the Owner.

Owner and Colliers International expressly

reserve the right, at their sole discretion, to

reject any and all expressions of interest or

offers to purchase the Property and to terminate

discussions with any person or entity reviewing

this Offering Memorandum or making an offer

to purchase the Property unless and until a

written agreement for the purchase and sale of

the Property has been fully executed and

delivered.

If you wish not to pursue negotiations regarding

the Property, or you discontinue such

negotiations, then you agree to destroy all

materials relating to this Property, including this

Offering Memorandum, and to certify to Owner

that you have done so.

A prospective purchaser’s sole and exclusive

rights with respect to this prospective

transaction, the Property, or information

provided herein or in connection with the sale of

the Property shall be limited to those expressly

provided in an executed Purchase Agreement

and shall be subject to the terms thereof. In no

event shall a prospective purchaser have any

other claims against Owner or Colliers

International or any of their affiliates or any of

their respective officers, directors, shareholders,

owners, employees, or agents for any damages,

liability, or causes of action relating to this

solicitation process or the marketing or sale of

the Property.

This Offering Memorandum shall not be deemed

to represent the state of affairs of the Property

or constitute an indication that there has been

no change in the state of affairs of the Property

since the date this Offering Memorandum.

Exclusively Offered by:Tim DulanySenior Vice President+1 602 222 5186 [email protected]

Colliers International2390 E Camelback Rd, Ste 100Phoenix, AZ 85016colliers.com /arizona

Behavioral Health Treatment Center Campus for Sale...1 brown leather sectional 1 ottoman 1 sofa...

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Transcript of Behavioral Health Treatment Center Campus for Sale...1 brown leather sectional 1 ottoman 1 sofa...