build for rent(bfr) 22 home sfr portfolio in oasis in the

SVN | RealStar Advisors | 10789 N. 90th St., Suite 203, Scottsdale, AZ 85260 OFFERING MEMORANDUM

BUILD FORRENT(BFR) 22 HOMESFR PORTFOLIO INOASIS IN THEFOOTHILLS16424 S 10TH ST PHOENIXAZ 85048

Je9 ClineSenior Vice [email protected]

Michael FinchSenior Vice [email protected]

OFFERING MEMORANDUMSVN | RealStar Advisors | 10789 N. 90th St., Suite 203, Scottsdale, AZ 85260

PROPERTY INFORMATION 3Property SummaryProperty DescriptionComplete HighlightsAdditional Photos

LOCATION INFORMATION 8Regional MapLocation MapsAerial MapSite Plan

FINANCIAL ANALYSIS 13PDF with Header/Footer

DEMOGRAPHICS 15Demographics ReportDemographics Map

ADVISOR BIOS 18Advisor Bio & Contact 1Advisor Bio & Contact 2Disclaimer

16424 S 10TH ST

PHOENIX AZ 85048

BUILD FOR RENT(BFR) 22 HOME SFR PORTFOLIO IN OASIS IN THE FOOTHILLSFOR SALE | BUILD FOR RENT(BFR) 22 HOME SFR PORTFOLIO IN OASIS IN THE FOOTHILLS

All SVN® OHces Independently Owned and Operated

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1 PROPERTY INFORMATION11 PROPERTY

INFORMATION16424 S 10TH ST

PHOENIX AZ 85048

BUILD FOR RENT(BFR) 22 HOME SFR PORTFOLIO IN OASIS IN THE FOOTHILLS | 1010 E LIBERTY LN PHOENIX, AZ 85048 SVN | RealStar Advisors |

BUILD FOR RENT(BFR) 22 HOME SFR PORTFOLIO IN OASIS IN THE FOOTHILLS | 1010 E LIBERTY LN , PHOENIX, AZ 85048 SVN | RealStar Advisors |

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $7,750,000

Number Of Units: 22

Cap Rate: 5.51%

NOI: $426,642

Lot Size: 0.06 Acres

Year Built: 2017

Building Size: 47,787

Zoning: Residential

Market: Phoenix

Submarket: Ahwatukee Foothills

Price / SF: $162.18

These 22 Build For Rent Single Family Residential homes, Oasis in the Foothills, are located in the

Ahwatukee Foothills submarket at the southern tip of greater Phoenix, quietly tucked behind South

Mountain. This Build For Rent (BFR) investment opportunity consisting of 22 Build For Rent (BFR)

Detached Single Family Residential Rental investment properties have already begun construction.

Oasis in the Foothills is located in a highly sought aTer residential neighborhood where residents live,

work, and play in this thriving & tightly knit community, which in years past was rated as one of the best

places to live by Money Magazine. The community is equipped with gated pool, has direct & gated

access to the YMCA next door, walking distance to Sierra Grade School & the Keystone Montessori

School, both of which are on Liberty Lane either directly east of property or across the street from

property. Oasis in the Foothills is also walking distance to neighborhood park & grocery store.

Residents Pnd great appeal with the strong educational system located here, which is part of the Kyrene

School District, which consistently excels as a top performer in the State. GreatSchools.org rankings for

Oasis in the Foothills is an amazing 10/10/9 ranking, which is top rated in the country! Adding further

value to the immediate area directly across from Oasis is a 63 acre to be developed high end luxury

home subdivision that will Pll in the last remaining developable parcel in the immediate submarket for

new home building, which will only add to home values in Oasis in the Foothills. These 22 quality new

build homes for rental investment features an opportunity for Buyer to purchase homes at CertiPcate of

Occupancy and place tenants prior to completion so the investment is immediately cash Qowing.

PROPERPROPERTTY OY OVERVERVIEWVIEW

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• Increase Your IRR and Yield with a New Build SFR Investment Portfolio

• Investment Opportunity with Little to No Capital Expenditures

• Strong Year 1 Stabilized Cap Rate of 5.51% with Zero Cap Ex

• ASuent Submarket with Best School Rating in State

• 22 Build For Rent (BFR) Detached Single Family Residential Rental Investment Portfolio

• Quick Access to Arterial Streets, Freeways, and Phoenix Metro Valley

• Experienced Regional Builder Provides Homes at CertiPcate of Occupancy (C.O.)

• Builders Warranty on Brand New Homes with Greatly Reduced Capital Expenditures & Reserves Additional HomeWarranty Package on Big Ticket Items Giving Nearly 5 Years of Limited Cap EX

Property Summary


Residents Pnd great appeal with the strong educational system located here, which is part

of the Kyrene School District, which consistently excels as a top performer in the State.

GreatSchools.org rankings for Oasis in the Foothills is an amazing 10/10/9 ranking, which is

top rated in the country! Adding further value to the immediate area directly across from

Oasis is a 63 acre to be developed high end luxury home subdivision that will Pll in the last

remaining developable parcel in the immediate submarket for new home building, which

will only add to home values in Oasis in the Foothills. These 22 quality new build homes for

rental investment features an opportunity for Buyer to purchase homes at CertiPcate of

Occupancy and place tenants prior to completion so the investment is immediately cash

Qowing.

PROPERPROPERTTY OY OVERVERVIEWVIEW

Oasis in the Foothills is located 14 miles south of downtown Phoenix and less than 20

minutes from the Phoenix Sky Harbor International Airport. Oasis’s site is easily accessible

to Interstate 10, which quickly connects to U.S 60 & Loop 202 to the rest of the Valley. The

nearby South Mountain Freeway has begun construction and will further enhance access

to the Oasis in the Foothills community and the Valley at large. The Ahwatukee Foothills is

distinctive from most communities in the greater Phoenix area with it’s access to South

Mountain, dramatic elevation changes, and scenic biking & hiking routes surrounded by the

beautiful Sonoran Desert.

LLOCOCAATION OTION OVERVERVIEWVIEW

Property Description

SSALE HIGHLIGHTSALE HIGHLIGHTS

• Increase Your IRR and Yield with a New Build SFR Investment

Portfolio

• Investment Opportunity with Little to No Capital Expenditures

• Strong Year 1 Stabilized Cap Rate of 5.51% with Zero Cap Ex

• ASuent Submarket with Best School Rating in State

• 22 Build For Rent (BFR) Detached Single Family Residential

Rental Investment Portfolio

• Quick Access to Arterial Streets, Freeways, and Phoenix Metro

Valley

• Experienced Regional Builder Provides Homes at CertiPcate of

Occupancy (C.O.)

• Builders Warranty on Brand New Homes with Greatly Reduced

Capital Expenditures & Reserves Additional Home Warranty

Package on Big Ticket Items Giving Nearly 5 Years of Limited

Cap EX


Complete Highlights


Additional Photos

16424 S 10TH ST

PHOENIX AZ 85048




2 LOCATION INFORMATION22 LOCATION

INFORMATION16424 S 10TH ST

PHOENIX AZ 85048


Build For Rent(BFR) 22 Home SFRPortfolio in Oasis in the Foothills


Regional Map

Location Maps


Build For Rent(BFR) 22 Home SFRPortfolio in Oasis in the Foothills


Aerial Map


Site Plan

16424 S 10TH ST

PHOENIX AZ 85048




3 FINANCIAL ANALYSIS33 FINANCIAL

ANALYSIS16424 S 10TH ST

PHOENIX AZ 85048


SFRhubBFRBROCHUREINVESTMENTOVERVIEW22BFROasisintheFoothills OperatingYear: Year2 Year5 Year7INVESTMENTOVERVIEW: StabilizedYear: Year1;T-12 Year3;T-36 Year5;T-60a)BuyPrice $7,750,000b)BuyPricePerUnit $352,273c)CapRate–StabilizedYear1/3/5 5.51% 6.09% 6.51%d)CapRateAdjustedwithCostSegregation–Year1/3/5 6.64% 7.22% 6.51%e)GrossYield–Year1/3/5 7.77% 8.49% 9.01%f)NetOperatingIncome,Year1/3/5(N.O.I.) $426,642 $471,734 $504,280g)UnleveragedInternalRateofReturn(I.R.R.)Year1/3/5YearHold 8.04% 10.35% 11.18%h)LeveragedInternalRateofReturn(I.R.R.)Year1/3/5YearHold 26.81% 34.51% 37.26%i)LeveragedCashonCashReturn(ROI)Year1/3/5YearHold 7.95% 9.89% 7.50%OPERATINGPROFORMAj)GrossScheduledIncome,Year1/3/5 $602,116 $657,949 $698,018k)OtherIncome(App.Fees,PetFees,LateFees) $0 $0 $0l)AverageLeaseRate,(P.S.F.)Year1/3/5 $1.05 $1.15 $1.22m)Vacancy 0.0% 0.0% 0.0%n)OperatingExpenses,Year1/3/5 $175,474 $186,214 $193,737o)NetOperatingIncome,(N.O.I.)Year1/3/5 $426,642 $471,734 $504,280p)AdvancedCostSegregationBenefit,AdditionalAnnualCashFlow $88,000 $88,000 $0q)AdjustedNetOperatingIncomewithCostSegregationBenefit $514,642 $559,734 $504,280DEBTOVERVIEWr)DebtAmountat70%LTC $5,425,000s)AnnualDebtServicePayment(P&I) $329,856t)EstimatedAnnualMarketValuationAppreciation(National)-Year1/3/5 5.40% 5.40% 5.40%


Investment Overview

16424 S 10TH ST

PHOENIX AZ 85048




4 DEMOGRAPHICS44

DEMOGRAPHICS16424 S 10TH ST

PHOENIX AZ 85048


1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 7,190 29,094 72,748

Median age 40.2 39.9 37.0

Median age (male) 40.9 39.8 36.3

Median age (female) 39.6 39.6 37.6

Total households 2,598 10,289 25,666

Total persons per HH 2.8 2.8 2.8

Average HH income $132,929 $136,313 $113,985

Average house value $501,017 $491,112 $459,311

* Demographic data derived from 2010 US Census


Demographics Report

POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 7,190 29,094 72,748

Median age 40.2 39.9 37.0

Median age (male) 40.9 39.8 36.3

Median age (Female) 39.6 39.6 37.6

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 2,598 10,289 25,666

# of persons per HH 2.8 2.8 2.8

Average HH income $132,929 $136,313 $113,985

Average house value $501,017 $491,112 $459,311

* Demographic data derived from 2010 US Census

Demographics Map


16424 S 10TH ST

PHOENIX AZ 85048




5 ADVISOR BIOS 55 ADVISOR BIOS16424 S 10TH ST

PHOENIX AZ 85048


10789 N. 90th St., Suite 203Scottsdale, AZ 85260T 480.626.0210C [email protected] #SA650889000

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Mr. Cline has worked with top industry professionals and has personal advanced knowledge and experience in small to

very large-scale commercial real estate brokerage, asset management, acquisition, Gnancing, development and

construction segments. As a principal, Mr. Cline has completed approximately $2+ billion of commercial real estate

property development and construction in most segments including approximately 22,000 multifamily units.

Mr. Cline’s speciGc experience includes commercial real estate leadership in general management, team building and

managing, corporate and construction Gnancing, business development, asset management, property management,

development management, marketing, disposition of new construction projects including multi-family, hotel, oHce,

industrial and senior assisted living properties.

JeF’s top executive and mid-management level combined with front-line experience across most segments of

commercial real estate in retail / management operations, design and general contracting, development, Gnancing,

property management and real estate brokerage.

Over 38+ years, JeF has established an expanding local and national network of industry leaders as partners, clients and

associates.

JEFF CLINEJEFF CLINE

Senior Vice President


Advisor Bio

10789 N. 90th St., Suite 203Scottsdale, AZ 85260T 480.626.0219C [email protected] #SA576104000

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Michael Finch began his successful career over 10 years ago in Phoenix, Arizona. Mr. Finch was able to expand his

expertise from commercial and sales and development. He has developed broad local and national relationships with

the top ranked high density mid to large scale developers for Commercial Mixed Use & Multifamily Development.

As markets shiIed, Mr. Finch leveraged lender relationships formed in previous years, to plan and begin distressed real

estate disposition. Michael was able to develop and grow these relationships to become an integral part of the

acquisition and disposition team. Michael has developed and managed an extensive pipe line of lender owned assets,

short sales, and portfolio note sales. Michael has continued to deliver value add deals for existing multifamily assets as

well as several income producing segments to his growing client base.

With an extensive national network, Mr. Finch has been successful and enjoys being an integral partner for client teams

focused on large scale income producing portfolios which include existing multifamily, retail, oHce, medical & hospitality

assets.

MICHAEL FINCHMICHAEL FINCH

Senior Vice President


Advisor Bio


The material contained in this OOering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this OOering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this OOering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOOering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this OOering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any Pnal, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their oRcers, employees, representatives, independent contractors or aRliates, for the accuracy or completeness thereof. Recipients of this OOeringBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This OOering Brochure is a solicitation of interest only and is not an oOer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OOeringBrochure or making an oOer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an oOer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

Disclaimer

build for rent(bfr) 22 home sfr portfolio in oasis in the

Documents