AVAILABLE FOR PURCHASE - Cushman & Wakefield BOULEVARD TREET AVAILABLE FOR PURCHASE ... between...

David Fogler602.224.4443 [email protected]

Steven Nicoluzakis602.224.4429 [email protected]

MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS

TPC SCOTTSDALE CHAMPIONS

GOLF COURSE

SCOTTSDALE 101MAYO CLINIC

SCOTTSDALE QUARTER

KIERLANDCOMMONS SCOTTSDALE

AIRPARKPERIMETER

CENTER

SUPERCENTER

FRANK LLOYD WRIGHT BOULEVARD

90TH STREET

AVAILABLE FOR PURCHASE±4.66 Net Acre Multifamily Development Site NORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ

±4.66 NET AC

Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard.

Known as the “West’s Most Western Town”, Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other.

Scottsdale is one of the state’s leading job centers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters. The Scottsdale Airpark is one of the largest employment centers in the State of Arizona with more than 2,900 businesses and 51,000 employees in over 2 million square feet of commercial space.

THE OFFERING

MCDOWELLMOUNTAIN

RANCH

MCDOWELL MOUNTAINS

WESTWORLD

ESTANCIATROONDC RANCH

90TH STREET


±4.66 Net Acre Multifamily Development SiteNORTH OF THE NWC OF 90TH STREET & RAINTREE DRIVE | SCOTTSDALE, AZ

90th

Str

eet

±4.66 NET AC

Pim

a Ro

ad

Gogobot named Scottsdale “Top City for Millennials” in 2016

Top 50 “Best Places to Live”

- TIME (2016)

The opportunity consists of ±202,946 square feet of developable land north of the northwest corner of 90th Street and Raintree Drive.

90th Street

±4.66 NET AC

Site DetailsZoning: R1-35, City of Scottsdale

Net Site Area: ±4.66 Acres / ±202,946 Square Feet

Address: NWC 90th Street & Raintree Circle Drive, Scottsdale, Arizona

Frontage on 90th Street: ±330’

SITE FEATURES Demographics* 1 Mile 3 Miles 5 Miles

Population (2018): 12,174 65,265 156,409

Population (2023 Projection): 12,905 71,311 168,758

Total Daytime Population (2018): 25,889 133,808 235,089

Households (2018): 6,509 29,194 69,326

Households (2023 Projection): 6,869 31,801 74,697

Average Household Income (2018): $96,839 $136,518 $135,162

Average Home Value (2018): $386,532 $577,277 $601,141

Total Businesses 1,652 6,827 11,435

Total Employees 20,090 82,507 139,629

Traffic Counts**90th Street 5,400 vehicles per day

Raintree Drive 29,500 vehicles per day

Frank Lloyd Wright Boulevard 45,600 vehicles per day

Pima Road 16,118 vehicles per day

Loop 101 Freeway 130,196 vehicles per day

*Source: Esri 2019 | **Source: CoStar 2019

Top 10

“Cities That Care” - WalletHub (2016)

Tax ParcelParcel Number Square Feet

217-15-033 ±202,946 SF

Parcel Map


Travelocity named Scottsdale among “America’s Best Small Cities for Foodies” in 2016

615’

615’

33

0±’

330.24

’

217-15-033

P

IMA

RO

AD

9

0TH

STR

EE

T

90TH STREET

RAINTREE DRIVE

KIERLANDCOMMONSSCOTTSDALE

AIRPARK

PARADISEVALLEY

DOWNTOWNSCOTTSDALE

CAMELBACK MOUNTAIN PIESTEWA

PEAKPHOENIX

MOUNTAINSPRESERVE

DOWNTOWNTEMPE

DOWNTOWNPHOENIX

90TH STREET

RAINTREE DRIVE

SCOTTSDALE QUARTER

KIERLANDCOMMONSSCOTTSDALE

AIRPARK

PARADISEVALLEY

DOWNTOWNSCOTTSDALE

CAMELBACK MOUNTAIN PIESTEWA

PEAKPHOENIX

MOUNTAINSPRESERVE

DOWNTOWNTEMPE

DOWNTOWNPHOENIX

Aerial Map Looking Southwest

±4.66 NET AC

Located in the beautiful Sonoran Desert, Scottsdale is bordered by Phoenix to the west and the McDowell Mountains to the east. Scottsdale is a premier community known for a high quality of life with attractive residential, business and shopping areas, making it one of the most livable cities in the country.

MCDOWELL MOUNTAINS

ESTANCIATROON

DC RANCH

WESTWORLD

TPC SCOTTSDALE CHAMPIONS

GOLF COURSE

PERIMETERCENTER

SUPERCENTER


90TH STREET

Aerial Map Looking North

±4.66 NET AC

Prosperous North Scottsdale is known for its refined spas, upscale wine bars and steakhouses, and shopping plazas with luxury boutiques. Nearby McDowell Mountain Regional Park is popular for hiking and mountain biking, housing the Frank Lloyd Wright-designed Taliesin West complex in the foothills. TPC Scottsdale Golf Course hosts the annual Waste Management Phoenix Open, the largest attended tournament in the world. North Scottsdale claims many of the most expensive homes in Arizona.

With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The “Cure Corridor” located along Shea Boulevard and Scottsdale Road boasts the city’s health care and biotech industry clusters. Thirteen percent of all Metro area bio-life sciences employment is located in the City of Scottsdale.

TOP SCOTTSDALE EMPLOYERS

SCOTTSDALE

The subject property is located in the highly ranked Scottsdale Unified School District, which has nine A+ Schools of Excellence and two nationally ranked high schools.


SCOTTSDALE EDUCATION ATTAINMENT

Nearly two-thirds of Scottsdale residents have earned an associates degree or higher61.9%

11.8% High School

Graduate 21.0% Some College

7.3% Associates

Degree 32.8% Bachelor’s

Degree

21.8% Graduate Degree

32.0% (50,010)Business 19.3%

(30,280)Hospitality, Retail and

Entitlement

19.3% (30,270)

Government, Healthcare,

and Education

17.8% (27,870)

Manufacturing, Transportation

and Natural Resources

11.6% (18,140)

Consumer Services

OCCUPATIONAL COMPOSITION

4,580 Employees

2,860Employees

1,990 Employees

3,620 Employees

1,850Employees

1,490Employees

2,680Employees

1,300 Employees

3,000 Employees

1,400 Employees

1,040Employees

800Employees

North Scottsdale abounds with business parks including Sonoran Corporate Center, McDowell Mountain Business Park, Sun Airpark Corporate Center, Acoma Business Center, Financial Center at Kierland and North Scottsdale Airpark.

Nearby Scottsdale Airport is one of the nation’s premier corporate jet facilities, recording approximately 150,000 takeoffs and landings each year.

Top 50 for “Growth in Information

Economy” - Forbes (2016)

A destination famous for casual Southwestern style, Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts. More than 9 million people visit Scottsdale annually. Scottsdale is home to one of the most successful shopping centers in the southwest United States – Scottsdale Fashion Square – along with other high-end shopping destinations including Kierland Commons and the Scottsdale Quarter. Scottsdale boasts more spas per capita than any other city in the U.S. For golf enthusiasts, the area features over 200 golf courses to choose from. Hikers enjoy the more than 60 miles of trails through the diverse and scenic terrain of Scottsdale’s McDowell Sonoran Preserve, the largest urban wilderness area in the U.S.

#1 for an “Active Lifestyle” - WalletHub (2016)


3.4%

20.8%

40.9%

16.9%

14.3%

3.7%

85+

65-84

35-64

20-34

5-19

<4

City of Scottsdale Age Breakdown

Gen Xers make up the highest percentage of Scottsdale's population.40.9%

CITY OF SCOTTSDALE AGE BREAKDOWN

CITY OF SCOTTSDALE POPULATION GROWTH

180,000190,000200,000210,000220,000230,000240,000250,000260,000270,000280,000

200

020

01

200

220

03

200

420

05

200

620

07

200

820

09

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Population Growth

Scottsdale is slated to increase by 23,725 people in the next 5 years. 9.4%

Healthiest City in the U.S. - WalletHub (2017)#3Best City to Retire - WalletHub (2017)#4

SCOTTSDALE

Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually.

70+ Hotels & Resorts

83° Average Temperature

7.66 inches Average Rainfall

314+ days of Sunshine each

year

More than 200 Golf Courses within

the state

600+ Restaurants

100+ Art Galleries

!

S C O T T S D A L EP H O E N I X

P A R A D I S EV A L L E Y S A L T R I V E R

P I M A M A R I C O P AI N D I A N C O M M U N I T Y

UNION HILLS DR

BELL RD

GREENWAY RD

THUNDERBIRD RD

CACTUS RD

SHEA BLVD

DOUBLETREE RANCH RD

LINCOLN DR

MCDONALD DRBETHANY HOME RD

CAMELBACK RD

DEER VALLEY RD

PINNACLE PEAK RD

BELL RD

SCO

TTSD

ALE

RD

HAYDEN

RD94

TH S

T

RAINTREE DR

MIL

LER

RD

SCO

TTSD

ALE

RD

PIM

A R

D

VIA LINDA

SHEA BLVD

PIM

A R

D

CHAPARRAL RD

32N

D S

T

44TH

ST24

TH S

T

16TH

ST

7TH

ST

CEN

TRA

L AV

E

7TH

AV

E

19TH

AV

E

7TH

AV

E

35TH

AV

E

BEARDSLEY RD

32N

D S

T 40TH

ST

TATU

M B

LVD

CAV

E CR

EEK

RD

FRANK LLOYD WRIGHT BLVD

SCOTTSDALE AIRPORT

TALKING STICK GOLF CLUBSALT RIVER FIELDS

AT TALKING STICK

KIERLAND GOLF CLUB PARK

GRAYHAWK GOLF COURSE

ANCALA COUNTRY CLUB

MOON VALLEY COUNTRY CLUB

PARADISE VALLEY COMMUNITY COLLEGE

METROCENTER

CHRISTOWNSPECTRUM MALL

BILTMOREFASHION PARK

SCOTTSDALE FASHION SQUARE

SCOTTSDALECOMMUNITY

COLLEGE

PHOENIX-DEER VALLEY MUNICIPAL AIRPORT

PHOENIXMOUNTAINSPRESERVE

©2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.

For more information please contact:

David Fogler602.224.4443 [email protected]

Steven Nicoluzakis602.224.4429 [email protected]

SCOTTSDALE

FOUNTAINHILLS

PARADISE VALLEY

PHOENIXSKY HARBOR

AIRPORT

PHOENIX

TOLLESONGOODYEAR

AVONDALE

SURPRISE

GLENDALE

SUNCITY

GILBERT

QUEENCREEK

CHANDLER

TEMPE

PEORIA

MESA

MULTIFAMILY capital markets groupDAVIDFOGLER | STEVENNICOLUZAKIS


N/NWC 90TH STREET & RAINTREE DRIVE

AVAILABLE FOR PURCHASE - Cushman & Wakefield BOULEVARD TREET AVAILABLE FOR PURCHASE ... between...

Documents

Transcript of AVAILABLE FOR PURCHASE - Cushman & Wakefield BOULEVARD TREET AVAILABLE FOR PURCHASE ... between...