7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point...

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North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • https://nbcre.com Dale Dockins, CCIM 707.521.3500 x302 [email protected] OFFERING SUMMARY Sale Price: $2,450,000 Cap Rate: 7.36% NOI: $180,406 Lot Size: 1.1 Acres Year Built: 2002 Building Size: 13,349 Zoning: Office Market: Phoenix North Submarket: Carefree Price / SF: $183.53 Very unique property contains three separate buildings in top Carefree location. Anchor tenants National Bank of Arizona and First American Title. Newer roofs with warranty and covered parking. Rents have adjusted to the market so there will be future upside in rents. There are 10 tenants. Adjacent to Carefree Marketplace - Bashas' Market and ACE Hardware PROPERTY OVERVIEW EXECUTIVE SUMMARY CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale

Transcript of 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point...

Page 1: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

OFFERING SUMMARY

Sale Price: $2,450,000

Cap Rate: 7.36%

NOI: $180,406

Lot Size: 1.1 Acres

Year Built: 2002

Building Size: 13,349

Zoning: Office

Market: Phoenix North

Submarket: Carefree

Price / SF: $183.53

Very unique property contains three separate buildings in top Carefreelocation. Anchor tenants National Bank of Arizona and First American Title.Newer roofs with warranty and covered parking. Rents have adjusted to themarket so there will be future upside in rents. There are 10 tenants.

Adjacent to Carefree Marketplace - Bashas' Market and ACE Hardware

PROPERTY OVERVIEW

EXECUTIVE SUMMARY CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 2: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 3: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

SITE PLAN CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 4: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

RETAILER MAP CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 5: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

LOCATION MAPS CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 6: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

POPULATION 1 MILE 5 MILES 10 MILESTotal population 1,097 24,248 83,252

Median age 58.8 52.6 45.9

Median age (Male) 59.7 52.9 46.1

Median age (Female) 58.6 52.8 45.8

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILESTotal households 527 10,374 33,216

# of persons per HH 2.1 2.3 2.5

Average HH income $154,268 $133,855 $131,885

Average house value $731,564 $689,221 $599,956

ETHNICITY (%) 1 MILE 5 MILES 10 MILESHispanic 0.8% 4.0% 5.1%

RACE (%)White 98.7% 96.6% 94.1%

Black 0.0% 0.5% 1.1%

Asian 0.6% 1.1% 2.7%

Hawaiian 0.0% 0.0% 0.0%

American Indian 0.0% 0.1% 0.1%

Other 0.5% 0.9% 1.0%

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 7: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • Dale Dockins, CCIM 707.521.3500 x302 dale@nbcre.com

This document has been prepared by North Bay Commercial Real Estate, Inc. (NBCRE) for advertising and general information only. NBCRE makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. NBCRE excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of North Bay Commercial Real Estate, Inc. © 2018. All rights reserved.

DISCLAIMER 2018 CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • h t t p s : / / n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]