18851 ne 29 avenue, suite 601pdf.leeazmail.com/pdfs/industrial/bov - 454 e. chilton...mr. miguel...

21
Lee & Associates – Arizona, Inc. A Member of the Lee & Associates Group of Companies 3200 E. Camelback Road, Suite 100, Phoenix, Arizona 85018 / Office: 602.956.7777 / Fax: 602.954.0510 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr. Valuation.doc September 19, 2013 Mr. Miguel Robledo Grupo Phoenix 18851 NE 29 th Avenue, Suite 601 Aventura, FL 33180 Re: Property Valuation 464 E. Chilton Drive Chandler, AZ Dear Miguel: In following up to your request, I have reviewed your property at 464 E. Chilton Drive, Chandler, AZ for valuation purposes. In review of your Lease Agreement dated June 24, 2011, the highlights are as follows: 464 E. Chilton Drive, Chandler, Arizona Building Square Footage: 104,352 SF situated on an 8.5 acre parcel Rental Schedule: 1/1/13 – 12/31/13 $36,001/Month ($.345/SF NNN) 1/1/14 – 12/31/14 $37,566/Month ($.36/SF NNN) 1/1/15 – 12/31/15 $39,132/Month ($.375/SF NNN) 1/1/16 – 12/31/16 $40,697/Month ($.39/SF NNN) Option to Purchase: On or before April 30, 2016 Notice to Exercise Option $6,000,000.00 ($57.50 per building square footage) Only one (1) similar sale comparable at 4707 E. Baseline in Tempe has sold. That 137,000 SF building sold for approximately $55/SF. Also included are four (4) buildings available for lease or sale in the area. As you can see, there are only two (2) facilities for sale, 6720 S. Clementine Ct. at $55/SF and 143 Tech which is not quoting a sales price. The average asking lease rate is $.55/SF NNN. Based on the findings, your current rental amount of $.345/SF NNN is well-below the current asking rents. A sublease of your Class “A” facility would be achievable in the $.45 - $.49/SF NNN range. With the lack of similar buildings for sale, an achievable sales price would be $62 - $64/SF. Your purchase option price of $57.50/SF is well- below current achievable sale prices. The Phoenix metropolitan real estate market continues to improve and sale prices will in turn continue to increase. Matt Hobaica Principal Direct: (602) 954-3755

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Page 1: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

Lee & Associates – Arizona, Inc. A Member of the Lee & Associates Group of Companies

3200 E. Camelback Road, Suite 100, Phoenix, Arizona 85018 / Office: 602.956.7777 / Fax: 602.954.0510

L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr. Valuation.doc

September 19, 2013 Mr. Miguel Robledo Grupo Phoenix 18851 NE 29

th Avenue, Suite 601

Aventura, FL 33180 Re: Property Valuation 464 E. Chilton Drive Chandler, AZ Dear Miguel: In following up to your request, I have reviewed your property at 464 E. Chilton Drive, Chandler, AZ for valuation purposes. In review of your Lease Agreement dated June 24, 2011, the highlights are as follows:

464 E. Chilton Drive, Chandler, Arizona

Building Square Footage: 104,352 SF situated on an 8.5 acre parcel

Rental Schedule: 1/1/13 – 12/31/13 $36,001/Month ($.345/SF NNN)

1/1/14 – 12/31/14 $37,566/Month ($.36/SF NNN)

1/1/15 – 12/31/15 $39,132/Month ($.375/SF NNN)

1/1/16 – 12/31/16 $40,697/Month ($.39/SF NNN)

Option to Purchase: On or before April 30, 2016 Notice to Exercise Option

$6,000,000.00 ($57.50 per building square footage) Only one (1) similar sale comparable at 4707 E. Baseline in Tempe has sold. That 137,000 SF building sold for approximately $55/SF. Also included are four (4) buildings available for lease or sale in the area. As you can see, there are only two (2) facilities for sale, 6720 S. Clementine Ct. at $55/SF and 143 Tech which is not quoting a sales price. The average asking lease rate is $.55/SF NNN. Based on the findings, your current rental amount of $.345/SF NNN is well-below the current asking rents. A sublease of your Class “A” facility would be achievable in the $.45 - $.49/SF NNN range. With the lack of similar buildings for sale, an achievable sales price would be $62 - $64/SF. Your purchase option price of $57.50/SF is well-below current achievable sale prices. The Phoenix metropolitan real estate market continues to improve and sale prices will in turn continue to increase.

Matt Hobaica

Principal

Direct: (602) 954-3755

Page 2: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

Mr. Miguel Robledo September 19, 2013 Page 2

L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr. Valuation.doc

Please respond with any questions or comments. I look forward to assisting Grupo Phoenix with their real estate needs. In addition, please review the Exclusive Representation letter. If it meets with your approval, please place on your letterhead and send back to me at your convenience. If the Board of Directors decides to move forward with the purchase, a more thorough and detailed Opinion of Value package will be prepared. Sincerely,

LEE & ASSOCIATES ARIZONA

Matt G. Hobaica Principal

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Daniel P. CalihanSenior Vice President

[email protected]

4707 E. Baseline Rd.

2415 East Camelback RoadPhoenix, Arizona 85016-4290

T 602.835.5555F 602.735.5655

www.cbre.com/phoenix

© 2007 CB Richard Ellis, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PFC6198_11/09

Phoenix, arizona • ±136,683 sq.ft. available

airPort

baseline roaD

48th street

Pointe resorti-10 freeway

4707 EAST BASElinE RoAdfor lease

SiTE

PatriCk J. feeney, Jr.Senior Vice President

[email protected]

beaUtifUl lane

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2nd FlooR oFFiCE

4707 E. Baseline Rd.

Loading dock/TruckweLL

Trash

Site and floor plans not to scale

4707 EAST BASElinE RoAd

ProPerty featUres:

· Baseline Road frontage· Great window line on offices with

Camelback Mountain view· Excellent access to the I-10 Freeway· Close proximity to Phoenix Sky Harbor International Airport and downtown area· Side lot and yard space available· Parking: 460 spaces, 3.4/1,000

Up to 5:1,000 available· Zoning: C-2, City of Phoenix

Trash

4707 EAST BASElinE RoAd | ±136,683 Sq. FT. AVAilABlE | EXPAndEd SiTE PlAn

bUilDinG featUres:

· Built in 1996· Clear height 24’ - 26’ *· Ten truck-well loading docks· Two grade-level doors· ±94,308 sq. ft. of evap. cooled

warehouse space· 31% Existing office build-out ±22,832 sq. ft. on 1st floor ±19,543 sq. ft. on 2nd floor· Divisible to ±25,000 sq. ft.· Can accomodate headquarters, back-office and light assembly / manufacturing uses· 2,500 Amps of power * All dimensions are approximate

1ST FlooR oFFiCE

Quick TriP

noT a ParT

Page 5: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

2nd FlooR oFFiCE

4707 E. Baseline Rd.

Loading dock/TruckweLL

Trash

Site and floor plans not to scale

4707 EAST BASElinE RoAd

ProPerty featUres:

· Baseline Road frontage· Great window line on offices with

Camelback Mountain view· Excellent access to the I-10 Freeway· Close proximity to Phoenix Sky Harbor International Airport and downtown area· Side lot and yard space available· Parking: 460 spaces, 3.4/1,000

Up to 5:1,000 available· Zoning: C-2, City of Phoenix

Trash

4707 EAST BASElinE RoAd | ±136,683 Sq. FT. AVAilABlE | EXPAndEd SiTE PlAn

bUilDinG featUres:

· Built in 1996· Clear height 24’ - 26’ *· Ten truck-well loading docks· Two grade-level doors· ±94,308 sq. ft. of evap. cooled

warehouse space· 31% Existing office build-out ±22,832 sq. ft. on 1st floor ±19,543 sq. ft. on 2nd floor· Divisible to ±25,000 sq. ft.· Can accomodate headquarters, back-office and light assembly / manufacturing uses· 2,500 Amps of power * All dimensions are approximate

1ST FlooR oFFiCE

Quick TriP

noT a ParT

Page 6: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

Daniel P. CalihanSenior Vice President

[email protected]

4707 E. Baseline Rd.

2415 East Camelback RoadPhoenix, Arizona 85016-4290

T 602.835.5555F 602.735.5655

www.cbre.com/phoenix

© 2007 CB Richard Ellis, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PFC6198_11/09

Phoenix, arizona • ±136,683 sq.ft. available

airPort

baseline roaD

48th street

Pointe resorti-10 freeway

4707 EAST BASElinE RoAdfor lease

SiTE

PatriCk J. feeney, Jr.Senior Vice President

[email protected]

beaU

tifU

l lan

e

Page 7: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

71,751 SF with ±5,800 SF OfficeINDUSTRIAL SPACE FOR SALE OR LEASE

6720 South Clementine Court • Tempe Arizona

3131 East Camelback Road, Suite 400 | Phoenix, AZ 85016 | +1 602 282 6300 www.us.joneslanglasalle.com

For additional information:

• 71,751 s.f.• ±5,800 s.f. office• 15'- 21' clear height• 4 dock doors• 6 drive ins• 2600 amps of power 277/480v 3 phase• Zoned I-1, City of Tempe

• Heavy parking• Potential yard• Sprinklered• Southwest Gas service to the building• Close to Sky Harbor International Airport• Directly off Interstate 10• 1/2 mile from I-10 full diamond interchange

Building FeaturesSteve SayreExecutive Vice [email protected]

Kyle [email protected]

Mark Detmer SIOR, CCIMManaging [email protected]

Page 8: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

©2013 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

6720 South Clementine Court • Tempe Arizona

For additional information:

Steve SayreExecutive Vice [email protected]

Kyle [email protected]

Mark Detmer SIOR, CCIMManaging [email protected]

Aerial Map

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Desert Hills Drive

Joy Ranch Road

Lone Mountain Road

Cave Creek Road

Pinnacle Peak Road

Rio Verde Drive

Bell Road

Thompson Peak Parkway

Greenway Parkway

Dixileta Drive

Dynamite Boulevard

Cave

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Jomax Road

Cloud Road

Sun Valley Parkway

Northern Avenue

Olive Avenue

Indian School Road

McDowell Road McDowell Road McDowell Road

Bush Highway

Broadway Road Broadway Road

Lost Dutchman Boulevard

Southern Avenue Southern Avenue

Apache TrailSuperstition Boulevard

Williams Field Road

Rittenhouse Road

Chandler BoulevardChandler Boulevard

Pecos Road Pecos Road

Queen Creek Road

Ocotillo Road

Skyline Drive

Chandler Heights Road

Riggs Road Riggs Road Combs Road

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Thomas Road Thomas Road

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Greenway Road Greenway Road

Thunderbird Road Thunderbird Road

Cactus RoadVia Linda

Shea Boulevard

Doubletree Ranch Road

Frank Lloyd Wright Boulevard

Via De Ventura

Lincoln DriveMcDonald Drive

Chaparral Road

University Drive

Apache Boulevard

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Main Street

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Curry Road

GalvinParkway

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Baseline Road

Dobbins Road Guadalupe Road

Elliot Road Elliot Road

Warner Road

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Germann Road

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Estrella Drive

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Camelback RoadCamelback Road

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Glendale Avenue Indian Bend Road

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14' OPENING

10' DOOR14' OPENING

LOADING DOCK

12' DOOR

10' DOOR

10' DOOR

14' DOOR

14' DOOR

12' DOOR

12' DOOR

10' DOOR16' DOOR

310.08 ft

37.50 ft

201.17 ft

372.08 ft

56.75 ft

180.25 ft

33.50 ft

20.42 ft161.83 ft

96.25 ft

125.75 ft

214.25 ft

94.42 ft

47.80 ft

121.25 ft

71,751 SF ±5,800 SF OfficeINDUSTRIAL SPACE FOR SALE OR LEASE

SITE

SITE

SITE

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The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Mike HaenelExecutive Vice [email protected]

2375 E. Camelback Rd, Suite 300 Phoenix, Arizona 85016 ph: 602.954.9000 | fx: 602.468.8588

Cassidy Turley Arizona www.cassidyturley.com

Sky Harbor International Airport

Downtown Phoenix

Light Rail Service Station

48th Street

Madison Stree

t

American Family Insurance

143 Tech317 South 48th Street - Phoenix, AZ SEC 48th Street & Madison Street

Proposed Renovation Rendering

Mike HaenelExecutive Vice [email protected]

2375 E. Camelback Rd, Suite 300 Phoenix, Arizona 85016 ph: 602.954.9000 | fx: 602.468.8588

Cassidy Turley Arizona www.cassidyturley.com

143 Tech 317 South 48th Street - Phoenix, AZ SEC 48th Street & Madison Street

SALE OR LEASE - ±113,827 SF - FLEX / INDUSTRIAL BUILDING (EXPANDABLE)

SALE OR LEASE - ±113,827 SF - FLEX / INDUSTRIAL BUILDING (EXPANDABLE)

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48th Stre

et

Madison Street

Desert Schools Credit Union

Capital Bancorp

US Post Office

Sky Harbor International Airport

DiSCovEry TriAnglE

CiTy oF PHoEniX

inCEnTivES

Located in the Discovery Triangle, an economic-redevelopment zone that stretches from the downtowns of Phoenix and Tempe and reaches into the open space of Papago Park. With its central location, easy access to transportation, including Sky Harbor International Airport, existing infrastructure and proximity to a diverse workforce, the triangle has become one of the area’s most dynamic economic-growth centers. In 2011, new construction activity in the triangle amounted to more than $720 million with the development of 1.4 million square feet and the renovation of 288,700 square feet. This activity alone created at least 1,750 permanent jobs in the Discovery Triangle last year. Ultimately, what attracts people to the urban core are good jobs and a mix of housing options. Employment grows with every company that establishes or expands its operations in the triangle, attracted by the employment base, available real estate, industry clustering, proximity to higher education and transportation.

•±113,827 SF Freestanding building (expandable)

•±12 Acres of land

•919 Parking Spaces (8:1,000 SF)

•24’ Clear Height

•Zoned A-2, Heavy Industrial

•Dock High & Grade Level Loading (East end of Building)

•Heavy Power

•Pedestal Sign Visible from the SR-143 Expressway

•5 Minutes to Phoenix Sky Harbor International Airport

•Fully Air Conditioned

•Immediate Access to the SR-143 & Loop 202 Red Mountain Freeway

•Traffic Count on SR-143: 46,500 VPD

• Growth – sixth largest city in the U.S.

• Skilled Workforce – the Phoenix workforce is educated, skilled and at an average age of 32, younger than the national average.

• Opportunity – particularly good opportunities for the aerospace, bioscience, IT, software development, and renewable energy industries.

• Pro-Business Environment – stable environment to operate and grow business and support for the needs of the business community with focus on eliminating obstacles prevent business success.

• Infrastructure Funds – Local tax revenues dedicated to finance public infrastructure for qualified projects.

• New Market Tax Credits – Federal tax credits, low interest loans, and equity for qualified projects.

• Research and Development Tax Credit – An Arizona income tax credit and/or partial refund of 24% of the first $2.5 million in qualifying expenses, plus 15% of the qualifying expenses in excess of $2.5 million for years 2011-17.

• Quality Job Tax Credit – Arizona corporate income tax credit of $3,000 a year per employee for three years for up to 400 new jobs per year for projects that have at least a $5 million capital investment and create a minimum of 25 new jobs that meet certain wage requirements.

• Job Training Funds – State-funded reimbursable grants of $2,000 - $8,000 per employee for training new employees.

• Industrial Revenue Bond Financing – Below-market borrowing costs through tax-exempt financing for qualified manufacturing and other projects.

919 PArking SPACES (8:1,000 SF)

!

THOMAS RD

MCDOWELL RD

MCKELLIPS RD

CURRY RD

RIO SALADO PKWY

UNIVERSITY DR

BROADWAY RD

Light Rail

MC

CLI

NTO

CK

DR

SC

OTT

SD

ALE

RD

68

TH S

T

PR

IES

T D

R

52

ND

ST

48

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T

44

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40

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24

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T

16

TH S

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7TH

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PHOENIX SKY HARBOR INTL AIRPORT

ASU

TEMPE MARKETPLACE

Light Rail PROPERTY

143 Tech FEATUrES

Page 11: 18851 NE 29 Avenue, Suite 601pdf.leeazmail.com/pdfs/industrial/BOV - 454 E. Chilton...Mr. Miguel Robledo September 19, 2013 Page 2 L:\MGH\LETTERS\Miguel Robledo - 464 E. Chilton Dr

48th Stre

et

Madison Street

Desert Schools Credit Union

Capital Bancorp

US Post Office

Sky Harbor International Airport

DiSCovEry TriAnglE

CiTy oF PHoEniX

inCEnTivES

Located in the Discovery Triangle, an economic-redevelopment zone that stretches from the downtowns of Phoenix and Tempe and reaches into the open space of Papago Park. With its central location, easy access to transportation, including Sky Harbor International Airport, existing infrastructure and proximity to a diverse workforce, the triangle has become one of the area’s most dynamic economic-growth centers. In 2011, new construction activity in the triangle amounted to more than $720 million with the development of 1.4 million square feet and the renovation of 288,700 square feet. This activity alone created at least 1,750 permanent jobs in the Discovery Triangle last year. Ultimately, what attracts people to the urban core are good jobs and a mix of housing options. Employment grows with every company that establishes or expands its operations in the triangle, attracted by the employment base, available real estate, industry clustering, proximity to higher education and transportation.

•±113,827 SF Freestanding building (expandable)

•±12 Acres of land

•919 Parking Spaces (8:1,000 SF)

•24’ Clear Height

•Zoned A-2, Heavy Industrial

•Dock High & Grade Level Loading (East end of Building)

•Heavy Power

•Pedestal Sign Visible from the SR-143 Expressway

•5 Minutes to Phoenix Sky Harbor International Airport

•Fully Air Conditioned

•Immediate Access to the SR-143 & Loop 202 Red Mountain Freeway

•Traffic Count on SR-143: 46,500 VPD

• Growth – sixth largest city in the U.S.

• Skilled Workforce – the Phoenix workforce is educated, skilled and at an average age of 32, younger than the national average.

• Opportunity – particularly good opportunities for the aerospace, bioscience, IT, software development, and renewable energy industries.

• Pro-Business Environment – stable environment to operate and grow business and support for the needs of the business community with focus on eliminating obstacles prevent business success.

• Infrastructure Funds – Local tax revenues dedicated to finance public infrastructure for qualified projects.

• New Market Tax Credits – Federal tax credits, low interest loans, and equity for qualified projects.

• Research and Development Tax Credit – An Arizona income tax credit and/or partial refund of 24% of the first $2.5 million in qualifying expenses, plus 15% of the qualifying expenses in excess of $2.5 million for years 2011-17.

• Quality Job Tax Credit – Arizona corporate income tax credit of $3,000 a year per employee for three years for up to 400 new jobs per year for projects that have at least a $5 million capital investment and create a minimum of 25 new jobs that meet certain wage requirements.

• Job Training Funds – State-funded reimbursable grants of $2,000 - $8,000 per employee for training new employees.

• Industrial Revenue Bond Financing – Below-market borrowing costs through tax-exempt financing for qualified manufacturing and other projects.

919 PArking SPACES (8:1,000 SF)

!

THOMAS RD

MCDOWELL RD

MCKELLIPS RD

CURRY RD

RIO SALADO PKWY

UNIVERSITY DR

BROADWAY RD

Light Rail

MC

CLI

NTO

CK

DR

SC

OTT

SD

ALE

RD

68

TH S

T

PR

IES

T D

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52

ND

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48

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T

44

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32

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24

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PHOENIX SKY HARBOR INTL AIRPORT

ASU

TEMPE MARKETPLACE

Light Rail PROPERTY

143 Tech FEATUrES

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The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Mike HaenelExecutive Vice [email protected]

2375 E. Camelback Rd, Suite 300 Phoenix, Arizona 85016 ph: 602.954.9000 | fx: 602.468.8588

Cassidy Turley Arizona www.cassidyturley.com

Sky Harbor International Airport

Downtown Phoenix

Light Rail Service Station

48th Street

Madison Street

American Family Insurance

143 Tech 317 South 48th Street - Phoenix, AZ SEC 48th Street & Madison Street

Proposed Renovation Rendering

Mike HaenelExecutive Vice [email protected]

2375 E. Camelback Rd, Suite 300 Phoenix, Arizona 85016 ph: 602.954.9000 | fx: 602.468.8588

Cassidy Turley Arizona www.cassidyturley.com

143 Tech317 South 48th Street - Phoenix, AZ SEC 48th Street & Madison Street

SALE OR LEASE - ±113,827 SF - FLEX / INDUSTRIAL BUILDING (EXPANDABLE)

SALE OR LEASE - ±113,827 SF - FLEX / INDUSTRIAL BUILDING (EXPANDABLE)

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685 WEST LA VIEVE LANE TEMPE, ARIZONAWARNER ROAD & I-10 FREEWAY

WAREHOUSE SPACE AVAILABLE FOR LEASE

Owned &Managed by:

±101,641 SF

AVAILABLE

BUILDING SIZE ±101,641 s.f.

OFFICE 10,924 s.f. total 8,519 s.f. first floor office 2,405 s.f. warehouse office

SITE 6.7 acres, secured

LOADING Three (3) double wide, grade-level doors and 18 dock high cross dock

CLEAR HEIGHT 24'

ZONING I-2, City of Tempe

POWER 2,000 amps; 277/480v

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Owned &Managed by:

• Secure loading/yard area on east and west sides

• Sprinklered

• 2,405 s.f. office area in warehouse

• 116 parking spaces, expandable

• Double wide, grade-level doors

• Spray booth

BUILDING FEATURES

©2013 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

FOR ADDITIONAL INFORMATION:

Steve Sayre Executive Vice President +1 602 282 6299 [email protected]

Kyle Westfall Associate +1 602 282 6297 [email protected]

Mark Detmer SIOR, CCIM Managing Director +1 602 282 6289 [email protected]

3131 East Camelback Road Suite 400

Phoenix, Arizona 85016

Telephone: +1 602 282 6300www.us.joneslanglasalle.com

WARNER ROAD

KY

RE

NE

RO

AD

LA VIEVE LANE

685

WARNER ROAD

KY

RE

NE

RO

AD

W. RAY ROAD

CHANDLER BLVD

FIRST FLOOR

SECOND FLOOR

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For Lease

±96,000 square feet

6615 West Boston StreetChandler, Arizona

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6615 West Boston Street, Chandler, Arizona

6615 West Boston StreetChandler, Arizona

Property features

• ±96,000 s.f. manufacturing / distribution facility (divisible to ±72,000 s.f.)

• ±8,150 s.f. conceptual office space

• ±5.24 acre site (±228,452 s.f.)

• I-2 Zoning, City of Chandler

• 6,000 amps, 120/208 and 277/480 volt

• 8 dock high doors; 1 grade level door

• +120 car parking

• 24’ clear height

• 6’ concrete throughout

• Sprinklered

• Natural gas available (Southwest Gas)

• New roof being installed

• Skylights being installed

• Mechanical systems being upgraded

Location

• Minutes from I-10, Loop 202, Loop 101, and US 60

• Close to Sky Harbor International Airport

• Strong manufacturing and intellectual labor base

• Proximate to many retail amenities

• Easily accessible to west coast / southwest markets

CO

NC

EPTUA

L

SITE PLAN

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Chandler Boulevard

56thStreet

CONCEPTUAL

FLOOR PLAN

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Salt Lake City

Las Vegas

Denver

San Diego

Tucson

Albuquerque

El Paso

�SanFrancisco

Los Angeles

Dallas

San Antonio Galveston

Laredo�Corpus

Christi

Reno

�ColoradoSprings

Amarillo

Sacramento

Flagstaff

Yuma

Nogales

�Las Cruces

Santa Fe

LubbockFt. Worth

�OklahomaCity

T �wo-daydelivery area

One-day delivery area

475 miles • 6.25 hours

1,120 miles • 15.50 hours440 miles • 6 hours

125 miles • 1.75 hours

350 miles • 4.75 hours

285 miles • 5.25 hours

Phoenix

Houston

635 miles • 11.00 hours

920 miles • 12.25 hours

1,185 miles • 17.50 hours

Riverside/Inland Empire310 miles • 4.10 hours

Bay Area750 miles • 12.00 hours

Steve LarsenVice PresidentSupply Chain & Logistics Solutions+1 602 282 [email protected]

©2012 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Western U.S. drive times

For additional information:

www.us.joneslanglasalle.com/phoenix

6615 West Boston StreetChandler, Arizona

SCAN THIS QR CODE TO FIND OUT MOREABOUT JONES LANG LASALLE, PHOENIX

�ParadiseValley

Phoenix

Tempe

�Ahwatukee Foothills

Mesa

Quee

Gilbert

Chandler

Shea Boulevard

Downtown

enue

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tralA

venu

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Pi e

ad

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Baseline Road7th

Stre

et

Superstition Freeway

Maricopa Freeway

Red Mountain Freeway

Main Street

Cou

ntry

Clu

b D

rive

Santan Freeway

Beeline Highway101

202

202

143

51

10

60

SITE

Bill HonsakerManaging DirectorSupply Chain & Logistics Solutions+1 602 282 [email protected]

Marc D. Hertzberg, SIORManaging DirectorSupply Chain & Logistics Solutions+1 602 282 [email protected]

Anthony J. Lydon, SIOR, CSCMPManaging DirectorSupply Chain & Logistics Solutions+1 602 282 [email protected]

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• 11,116SFimprovedoffice• Expansionofficeof3,884SF• 30’minimumclearheight• 1,600-3,600amps,277/480v• 47’x56’columnspacing• 23externaldockdoors• Allconcreteloadingarea• Oversizeramptogradedoors

• ESFRfiresuppression

SUBL

EASE

7825SOUTHHARDYDRIVE TEMPE, AR IZONA

FEATURES:

3200E.CamelbackRd.Suite#100Phoenix,Arizona,85018ph:602.956.7777fx:602.954.0510www.leearizona.com

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

STEIN KOSS, SIORPRINCIPAL(602)[email protected]

DAVE JOHNSONPRINCIPAL(602)[email protected]

ELLIOT BUSINESS PARK

NEW CONSTRUCTION MARCH 2013CLASS “A” AIR CONDITIONED MANUFACTURING DISTRIBUTION BUILDING157,992 SF (DIVISIBLE)

FIVE YEAR SUBLEASE

ELLIOT RD.

HA

RD

Y D

R.

KY

RE

NE

RD

.

AUTO DR.

CARVER RD.

UN

ION

PA

CIF

IC R

AIL

RO

AD

NO

RT

H

MMI PRECISIONTECHNOLOGY

INC.

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SUBL

EASE

7825SOUTHHARDYDRIVE TEMPE, AR IZONA

3200E.CamelbackRd.Suite#100Phoenix,Arizona,85018ph:602.956.7777fx:602.954.0510www.leearizona.com

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

ELLIOT BUSINESS PARK

• Insulatedtruckdoors• Metalroofsystem(insulated)• Insulatedwallsystem• T5lightingwithsensors• Multiple7.5to10ton,high

efficiencypackageunits

ADDITIONALFEATURES:

• Reinforcedcolumns&footingsforpossiblecraneways

• 6”concretereinforcedfloorsystem(3,500PSI)

• Parkingprovided-140spaces

STEIN KOSS, SIORPRINCIPAL(602)[email protected]

DAVE JOHNSONPRINCIPAL(602)[email protected]

NORTH

FULLYAIRCONDITIONED&INSULATED

CONCRETELOADINGCOURT

56’46’8”

561’5”

281’5”

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SUBL

EASE

7825SOUTHHARDYDRIVE TEMPE, AR IZONA

3200E.CamelbackRd.Suite#100Phoenix,Arizona,85018ph:602.956.7777fx:602.954.0510www.leearizona.com

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

ELLIOT BUSINESS PARK

STEIN KOSS, SIORPRINCIPAL(602)[email protected]

DAVE JOHNSONPRINCIPAL(602)[email protected]

ELLIOT RD.

WARNER RD.

GUADALUPE RD.

PR

IES

T D

R.

HA

RD

Y D

R.

KY

RE

NE

RD

.

TEMPEBUSINESS CENTER

NO

RT

H

TEMPESPORTS

COMPLEX

POLICE DEPARTMENT