lakeshore montessori school - loopnet...questions regarding the condition of the property and...

KW COMMERCIAL626.204.3300251 South Lake Avenue,Suite 150Pasadena, CA 91101

ROGER PHILLIPSAssociate0 626.204.3398C [email protected] #01057506

Lakeshore Montessori School

PRESENTED BY:

CHANDLER, AZ

OFFERING MEMORANDUM

Roger PhillipsDRE #01057506

Roger Phillips Jim MacDonaldADRE #SA651186000 ADRE #SA016196000Commercial Real Estate Consultants, Inc. Commercial Real Estate Consultants, Inc.801 W. Gleneagles Dr 801 W. Gleneagles DrPhoenix, AZ 85023 Phoenix, AZ 85023310-721-2896 602-750-8099

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KW COMMERCIAL626.204.3300251 South Lake Avenue,Suite 150Pasadena, CA 91101

Confidentiality & Disclaimer

ROGER PHILLIPSAssociate0 626.204.3398C [email protected] #01057506

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Pasadena in compliance with all applicable fair housingand equal opportunity laws.

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

PRESENTED BY:

CHANDLER, AZ

Roger PhillipsDRE# 01057506

Roger Phillips Jim MacDonaldADRE #SA651186000 ADRE #SA016196000Commercial Real Estate Consultants, Inc. Commercial Real Estate Consultants, Inc.801 W. Gleneagles Dr 801 W. Gleneagles DrPhoenix, AZ 85023 Phoenix, AZ 85023310-721-2896 602-750-8099

http://kwcommercial.com

Executive Summary

LAKESHORE MONTESSORI SCHOOL |

PROPERTY OVERVIEWThe school consists of 2 buildings totaling around 7,696 square feetof structures. The buildings vary in size with a design ideally createdfor teaching the Montessori methods. The buildings are situated on 5acres with outdoor gym equipment and plenty of open space.

The sale includes construction plans for an additional 4,500 squarefeet of class rooms. This school is being offered and recommendedto be purchased concurrently with the Mountainside MontessoriSchool located at 9215 N 14th Street Phoenix, Arizona whichoperates under the same Arizona State Charter License.

PROPERTY FEATURESIrreplaceable location with existing school buildings on thesite.

Opportunity to own real-estate with an operating school.

Rare opportunity to acquire an existing Montessori Schoolwith a proven track record.

This is a portfolio sale with motivated sellers who are retiringfrom daily operations.

SALE PRICE: $2,900,000

PRICE PER SF: $376.81

LOT SIZE: 5.06 Acres

BUILDING SIZE: +/-7,696 SF

YEAR BUILT: 1984

ZONING: R-8.5

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PROPERTY INFORMATION

1 | PROPERTY INFORMATION

PROPERTY DETAILS

1PROPERTY INFORMATIONLAKESHORE MONTESSORI SCHOOL


Property Details

LAKESHORE MONTESSORI SCHOOL 1 | PROPERTY INFORMATION

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PROPERTY NAME: Lakeshore Montessori School

STREET ADDRESS: 1700 W. Warner Road

CITY, STATE, ZIP: Chandler, AZ 85224

APN: 302-89-609-C

ZONING: R-8.5

YEAR BUILT: 1984


LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATIONLAKESHORE MONTESSORI SCHOOL

1700 W. Warner Road

Regional Map

LAKESHORE MONTESSORI SCHOOL 2 | LOCATION INFORMATION

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Location Maps



Aerial Map


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SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

DEMOGRAPHICS MAP

3SALE COMPARABLESLAKESHORE MONTESSORI SCHOOL

A PROPOSAL FOR COMMERCIAL SERVICES

Sale Comps

LAKESHORE MONTESSORI SCHOOL 3 | SALE COMPARABLES

LAUREN’S INSTITUTE FOR EDUCATION (L.I.F.E.1305 S Gilbert Rd | Gilbert, AZ 85296

$9,500,000Sale Price: 9.39 AcresLot Size:

1977Year Built: 31,015 SFBuilding SF:

$306.30Price PSF 12/12/2016Closed:

1

1

Sale consists of a single tenant 31,015 SF school that sold for $9.5M. The property was soldon NNN lease to Lauren' s Institute for Education (L.I.F.E) on a 10 year lease term expiring 1/31/2026 with two (2), 5-year renewal options.

The asset sits on 9.40 acres, built in 1977, and renovated in 2015. The property sold with anNOI of $710,600

20635 S Old Ellsworth Rd | Queen Creek, AZ 85142




2

2

7900 S Jesse Owens Pkwy | Phoenix, AZ 85042


36,000 SFBuilding SF: $231.08Price PSF

02/17/2017Closed:

3

3

The 36,000 SF Class B Specialty Building located at 7900 S Jesse Owens Parkway inPhoenix, AZ was sold on 2/17/2017 to Fit Kids Inc. for $8,318,750.

We spoke with Carolyn Sawyer from Champion Schools (True Buyer) and she verified thatthey raised the money and bought the two buildings from EPR Properties REIT (True Seller),who had been holding onto them for about six years. They intend to occupy the buildingsfor their charter school. We reached out to the True Seller, and they informed us that theywouldn't verify any details regarding this sale.

There weren't any brokers on either side of this deal.The details regarding this transaction were verified by the True Buyer and Maricopa CountyAssessor's Office.3939 E Shea Blvd | Phoenix, AZ 85028




4

4

Property consists of a specialty school building of 31,902 SF, situated ona parcel of 8.47 acres.

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Sale Comps


17667 N 91st Ave | Peoria, AZ 85382

$6,800,000Sale Price: 186,502 SFLot Size:


$222.19Price PSF 7.6%CAP:

02/16/2017Closed:

5

5

8325 S Central Ave | Phoenix, AZ 85042




6

6

TESSERACT SCHOOL4800 E Doubletree Ranch Rd | Paradise Valley, AZ 85253




7

7

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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF

1

Lauren’s Institute for Education(L.I.F.E.1305 S Gilbert RdGilbert, AZ 85296

$9,500,000 31,015 SF $306.30 12/12/2016

2 20635 S Old Ellsworth RdQueen Creek, AZ 85142

$2,100,000 9,000 SF $233.33 11/17/2016

3 7900 S Jesse Owens PkwyPhoenix, AZ 85042

$8,318,750 36,000 SF $231.08 02/17/2017

4 3939 E Shea BlvdPhoenix, AZ 85028

$6,125,000 31,906 SF $191.97 12/17/2015

5 17667 N 91st AvePeoria, AZ 85382

$6,800,000 30,604 SF $222.19 02/16/2017

6 8325 S Central AvePhoenix, AZ 85042

$2,500,000 13,250 SF $188.68 05/09/2017

7Tesseract School4800 E Doubletree Ranch RdParadise Valley, AZ 85253

$5,000,000 19,733 SF $253.38 06/19/2017

SALE COMPS PRICE BLDG SF PRICE/SF

TOTALS/AVERAGES $5,763,393 24,501 SF $235.23

Lakeshore Montessori School1700 W. Warner RoadChandler, AZ 85224

$2,900,000 7,696 SF $376.82

SALE COMPS PRICE BLDG SF PRICE/SF CLOSE

Sale Comps Summary


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Sale Comps Map


11305 S Gilbert RdGilbert, AZ 85296

LAUREN’S INSTITUTE FOREDUCATION (L.I.F.E.

2

20635 S Old Ellsworth RdQueen Creek, AZ 85142

3

7900 S Jesse Owens PkwyPhoenix, AZ 85042

4

3939 E Shea BlvdPhoenix, AZ 85028

5

17667 N 91st AvePeoria, AZ 85382

6

8325 S Central AvePhoenix, AZ 85042

7

4800 E Doubletree Ranch RdParadise Valley, AZ 85253

TESSERACT SCHOOL

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* Demographic data derived from 2010 US Census

Demographics Map


POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 15,352 134,771 338,488

MEDIAN AGE 35.3 34.0 33.8

MEDIAN AGE (MALE) 34.4 32.7 32.6

MEDIAN AGE (FEMALE) 36.1 35.1 34.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 5,879 52,565 129,740

# OF PERSONS PER HH 2.6 2.6 2.6

AVERAGE HH INCOME $74,453 $74,806 $77,337

AVERAGE HOUSE VALUE $253,363 $263,113 $276,024


lakeshore montessori school - loopnet...questions regarding the condition of the property and...

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