DEVELOPERS & INVESTORS · MINI-STORAGE WAREHOUSES 11294 N. Litchfield Road Price: $1,675,971 ($4.75...
Transcript of DEVELOPERS & INVESTORS · MINI-STORAGE WAREHOUSES 11294 N. Litchfield Road Price: $1,675,971 ($4.75...
The City of Surprise is one of the fastest growing cities in the United States with 350–400% increase in the last 20 years and projections are to duplicate those numbers through 2040.
Surprise, AZ was honored with the Bronze Award for being one of the top three cities in the entire world by the International Economic Council for Business Retention and Expansion.
This powerful city is certainly pro-active in all commercial and residential areas. Their goal is to do everything possible to make the process of development go as smoothly as possible. The number of residential and commercial projects within 2 miles is overwhelming.
Please review the City of Surprise’s website and you will be motivated to invest, work and live in this wonderful city.
AIMS Brochure Link
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DEVELOPERS & INVESTORS$$$ FANTASTIC OPPORTUNITY TO REAP EXITING RETURNS $$$
8+ ACRES OF LAND FOR SALE ($4.75 PSF)Incredible Investor Opportunity For Growth & Appreciation
SURPRISE, AZ LAND FORMINI-STORAGE WAREHOUSES11294 N. Litchfield RoadPrice: $1,675,971 ($4.75 PSF)
Approximately 8.10 Acres
84,000 square feet (167 Units)
Pre-approved for building(see Development Highlights)
Zoning (BF) is incredible and offers tenants a substantial numnber of uses (see BF options)
On-Sites Completed Ready to Build!Mini-Storage Warehouses - Office Buildings - Warehouses - Business Park
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Local Map
Northern Ave
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITYPrice: $1,675,971 ($4.75 PSF)±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
SITE
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
SummaryThe PropertySurprise Mini-Warehouses land is an exciting concept that is a winning proposition. It is not your typical Mini-Storage, as the amenities are on par with what is offered by substantially larger warehouses. Units are 500 sf, but can be expanded. Roll up doors are 10’x10’ and doorways of 6.8’x3’. There are individual power meters and HVAC units. The entire project is designed to be fire sprinklered, a fenced yard, security systems and is gated for ingress/egress, as well as a management unit. The zoning (BF) will open the doors to substantially more potential tenants. With all of the amenities, tenants will be drawn to this site and are than more likely will extend their time as tenants.
Location11294 N. Litchfield Road in Surprise, Arizona. Litchfield Road is between Cactus and Peoria Avenues, just North of Northern Parkway.
The subject property is in the Western portion of Metropolitan Phoenix area. The site is surrounded by multiple freeways and major roads that lead throughout the valley. Within minutes is the Marley Park which has a substantial number of residential permits and is building a home every day or two. Within 3 miles, the population is over 80,000 people with an annual income of $62,000-65,000. All types of developments are springing up along this corridor. Within a couple of miles, Microsoft purchased 150 acres of land of build a Data Center.
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Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Property SummaryAddress 11294 N. Litchfield Road, Surprise, Arizona
Land Size ±8.10 Acres (±352,836 Square Feet)
Parcel Number 501-39-024R
Lot Dimensions Approximately 1277’± x 275’±
Total Building Area ±84,000 Square Feet (includes 83,500 rentable SF and on-site management office
Units 167 Units; 500 SF each (20’ x 25’) Units can be expanded
Coverage 23.8%
Power Individually metered units with single and 3 phase power capability
Loading 10’ x 10’ roll up doors and 3’ width 6’8” height pedestrian doors
Restrooms Six (6) common area restrooms
Fire Sprinklers Yes
Property Taxes $3,569.00 (2017)
Zoning BP (Business Park), City of Surprise
Features • Located south of the SWC of Litchfield & Cactus Roads• Major street exposure• Minutes to Northern Parkway and Loop 303• Fenced and secured with gated ingress/egress• All utilities within 100” of site• Within the City of Surprise, Arizona• Surrounded by an abundance of new housing• On-site Management Office
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Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Development HighlightsThe following items have been completed for the property, to help expedite the development:
1. Concept Meeting with City of Surprise completed and concept approved
2. Alta Survey completed
3. Civil Engineering completed
4. Structural Engineering completed
5. Electrical, Mechanical, Plumbing Engineering completed
6. Architectural and Site Plan completed
7. Soils Report Completed
8. Environmental Site Assessment completed
9. Landscaping Plan completed
10. Site Utility Plan completed
11. Fire Sprinkler Engineering Plan completed
All requirements for pre-permitting plan review have been completed and are ready to be submitted for review to the Plan Review Board of Surprise.
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Business Park Zoning ChartBP Zoning Use Matrix
LAND USE GROUP
ZONING DISTRICTS
Permitted Use
Conditional Use
Permit Required
Retail and Service Uses Banks CC, CR, MU, BP CN
Medical Clinic or Laboratory MU, CS, CN, CC, CR, BP
Mobile Vending CC, CR, BP, IP, IG
Wireless Communication Systems All Districts Office Uses Call Center MU, CR, BP
Laboratory—Research and Testing BP, IP, IG
Office CS, MU, CN, CC, CR, BP, IP, IG,
ILM
Office/Warehouse—(Front Office Flex Space) CR, BP, IP, IG, ILM
Public/Quasi-Public Facility Uses
Post Office CS, MU, CN, CC, CR, BP, PF
Utility Equipment Infrastructure All Districts Education, Religious, and Assembly Uses
Places of Worship RL, RM, RH, CR, IP, BP
Athletic or Fitness Club, Commercial Recreation Facilities
RH, MU, CC, CR, C-RS, BP, IP
Athletic or Fitness Club, Commercial Recreation Facilities (Less than 5,000 gross sq. ft. and Indoor
Activities Only)
RL, RM, RH, CS, MU, CN, CC, CR, C-RS, BP, IP, IG
Mixed Use Buildings Retail—Industrial (Retail 10% or less of Gross Floor
Area) BP
Manufacturing and Process Uses Biotechnical—Manufacturing, Processing IG BP, IP
Cabinet or Carpenter Shop, Millwork and Wood Products BP, IP, IG
Computer and Electronic—Manufacturing BP, IP, IG Contractor Facility, including Storage BP, IP, IG
Inside Manufacturing (All processing, fabricating, assembly, or disassembly takes place wholly within an enclosed building. Inside manufacturing use does not include other uses in this article that are specifically
listed)
BP, IP, IG
Machine Shop BP, IP, IG Metal Products—Manufacturing and Fabrication BP, IP, IG
Paper Products—Manufacturing BP, IG Printer—Large Scale BP, IP, IG
Warehousing—Mini BP, IP, IG, CR
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Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
Welcome to Surprise, Arizona
• Advanced Manufacturing• InnovationandEntrepreneurship• MedicalTravel• SignatureRetail
• Nearly1,750commercialprojectspermittedoverthelast5yearsrepresenting4millionsquare feet of development —These developments represent $600 million of capital investment to the community
• Almost1,300residentialpermitsissuedinFY18nearlydoublingFY17permitnumbers• 1.3MillionSFofCommercialPermitsinFY18(NewConstructionandTI)—291NewCommercialConstructionprojects,750+Commercialprojects,$200MillionCommercialproject total valuations
• LargestWestValleyCityby2040• OneofTopTenSafestCitiesinAZ• Inthetop100fastestgrowingcitiesinthenation• 200+ActiveEDProjects• 40+NewbusinessescalledSurprisehomeinFY18• $90MillioninCommercialInvestmentinCommunityinFY18• $1billioninCommercialdevelopmentinvestmentsinlast5years• 3,000+SingleFamilyResidentialPermitsIssuedinlast5years• 134,085—Population—Say135,000• 35%ofthepopulationisundertheageof29• City’spopulationhasincreasedby400%since2000• $65,898MedianHouseholdIncome• MedianAgeisunder40• 56,000housingunits• 4,200+SurpriseBusinesses• 200,000+SpringTrainingVisitorsAnnually• Surprisehas108SquareMilesofLandArea• Surprisehas309SquareMilesofPlanningArea• Surprise’selevationis1,178feet• RegionalConnectivity—PhoenixSkyHarborAirport,1-10,1-17,Loop101,Loop202,Loop303,
US -60, BNSF Rail Line with ennis Spur Running through our industrial park
Railplex• 350AcresofDevelopableLand• 4CorporateHQ’s—SouthwestProducts• 2InternationalHQ’s—IRISUSA• 5,000LinearFeetofEnnisRailSpur• 4Highwayswithin10Miles• Shovel-ReadyIndustrialSites
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
AZ TechCelerator• 60,000SFCity-OwnedCampusidealforassistingstartupcompanies• Beehive—Co-workingspacecateringtoSurprise’shomebasedbusinesses• InnovationNetwork—Accesstoavarietyofmentors,investors,industryexpertsandmore• SoftLandingsDesignation—In2018theAZTCbecame1of31DesignatedSitesWorldwide• GlobalConciergeProgram0AZTCisa1stopshopforInternationalCompaniestoenterthe
US Market• EntrepreneurialEcosystem—Abilitytoinnovateinacultureoflike-mindedentrepreneurs
Medical Travel• StrategicFocusonCanadianHealthcareInitiative,InternationalStrategy,Healthcare
Excellence & Complementary Amenities• InternationalStrategy:ForeignDirectInvestment(FDI)strengthensthelocaleconomy• InfluxofYoungFamilies:AsSurprisegrows,youngfamiliescontinuetomovetoSurprise• CanadianSurprise:1,200+CanadianResidentsliveinSurprise• MedicalOfficeInventory:1.6M+SFOfficeSpaceexistsinSurprisewith160,000+SFAvailable• AgingandRetiringPopulation:Retirementcommunitiesattractolderpopulationsthat
require healthcare• HealthcareWorkforce:Educationalcampusesofferarangeofhealthcaretraining
Signature Retail• CityCenter(DowntownDevelopment)—Resort,anchorentertainment• Loop303Development—Mixeduse,familyorientedentertainment• Bell&GrandSuccess:1MillionSquareFeetwithnearly100%Occupancyoverthelast10
years• Demographics:Surprisehasadiversepopulationrangingfromyoungfamiliestoretirees• ExistingInventory:CurrentbusinessesareprovingsuccessisimminentinSurprise• BellRoadTrafficCounts:Consistentlyoneofthebusiestarterialsinthevalley(40,000+
vehicles per day)• GrowingPopulation:Inthenext20yearsSurprisewillbethelargestWestValleyCity(MAG
Socioeconomic Projections)
Employment Corridors• Prasada:futureofficeandmedicalfacilities;1,470+daytimeemployees• CityCenter:FutureSurprisedowntown;2,970+daytimeemployees• Railplex:2squaremilesuburbanindustrialpark;1,490+daytimeemployees
Housing Growth• HeritageFarms—140units—underconstruction• MarleyPark—3,200units—underconstruction• DesertOasis—3,453units—platting• HeritageatAsante—1,566units—platting• Escalante—1,074units-grading
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Parcel Map
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Parcel Map
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com
DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona
Pro Forma DevelopmentSite Size 8.10 AcresBuilding Size 84,000 SFSite Coverage 23.80%
Land Value ($5.25 PSF) $1,852,389
BuildingCosts $2,877,000Utilities(water/sewer/power) $396,378TotalHardCosts $4,637,668Soft Costs $100,000
Total Development Cost $5,225,767Total Cost PSF $62.21
Income/Expense Pro Forma83,500* Square Feet @ $1.25/month $1,252,500*management office not included
Vacancy (20%) ($250,000)Total Receipts $1,002,000
OperatingExpenses@$2.57/sf $216,477NetOperatingIncome $785,523
9%Return $8,728,033LessConstructionCosts $5,225,767
Profit $3,502,266Profit PSF $41.69
Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]
Larry KramerREALTOR®
Commercial Division(623) 606-7007
www.larrykramercommercial.com