6820 E 5TH AVE

MARK CASSELLAdvisor 480.289.4227mcassell@levrose.com

TRENTON M. MCCULLOUGHSenior Vice President480.294.6582tmccullough@levrose.com

6820 E 5TH AVE | SCOTTSDALE, 85251

DANIELLE DAVISVice President 480.294.6017ddavis@levrose.com

FOR SALE

6820 E 5TH AVE

Property Address:6820 E 5th Ave

Scottsdale, 85251

Property Type: Health Club

Total Building Size: 7,767 SF

Price: $3,095,000

NOI: $190,733.50

CAP Rate: 6.16%

Lot Size: 10,442 SF

Year Built: 2015

Zoning: C-2

PARCEL MAPPROPERTY SUMMARY

PROPERTY OVERVIEW

6820 E 5TH AVE

PROPERTY FACTS

PARKINGSTREET PARKING AVAILABLE

PARCEL173-48-192A

ZONINGC-2

POPULATION 1 MILE 3 MILES 5 MILES

2019 Total Population: 14,433 108,875 237,255

2024 Population: 15,844 118,081 257,856

Pop Growth 2019-2024: 9.78% 8.46% 8.68%

Average Age: 40.10 40.80 38.90

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES2019 Total Households: 7,184 51,081 106,997

HH Growth 2019-2024: 9.88% 8.14% 8.59%

2019 Avg Household Income $116,130 $94,606 $87,227

Median Home Value: $442,872 $314,314 $322,932

DEMOGRAPHICS

6820 E 5TH AVE

The goal at BODI is to provide a fitness and lifestyle culture that challenges you

to become your best. At BODI, we bring out your inner athlete to make you feel

strong, empowered and unstoppable. We have established an environment

where each individual, whether a fitness novice or a professional athlete, can

succeed and be motivated to go beyond. A variety of equipment and training

methods are used to provide innovative, effective and efficient workouts to

put you to the test each and every day. While our members may have different

goals, we all work toward a common end: continuous improvement! We train

with focus and passion because we know our best is yet to come.

TENANT PROFILE

TENANT PROFILEThe chiropractic adjustment enhances your ability to adapt to stress. By help-

ing your brain communicate with your body, you begin to process stress differ-

ently. We want you adapting to life, not storing tension that creates symptoms.

Our gentle adjusting approach helps you integrate life and feel better in your

body. We’ve taken everything into consideration. You will feel a refreshing-

ly different chiropractic experience here. Our approach is gentle as we adjust

differently than most chiropractors. We want your body as relaxed as possible

during the entire adjustment. This is a 20 minute vacation for mind body and

spirit. People look forward to their adjustments.

6820 E 5TH AVETENANT PROFILEBALUNSD is an advanced performance and recovery studio, founded by the

same owners as Movement Restoration. With over 15 years of experience in the

health, wellness, and fitness industry BALUNSD brings you an individualized

approach to recovery. BALUNSD has a professional staff that has worked in

elite training facilities nationally and in the Phoenix Metro area, including EXOS

and Altis. BALUNSD brings a recovery and performance background found

at an Elite level to support an individual’s lifestyle using best practices in the

industry. Whether you are a professional or amateur athlete, active adult, high

school athlete, business man or woman take care of your body for a BALUNSD

lifestyle!

6820 E 5TH AVEInvestments held 10 years: taxable amount of the capital gains reinvested is reduced by 15% and no tax is owed on appre-ciation. For example: $100 of capital gains is reinvested into an Opportunity Zone fund and held for 10 years. Tax owed on the original $100 is deferred until 2026, and taxable amount is reduced to $85 ($100 minus $15). Investor will owe $20 of tax on the original capital gains (23.8% of $85). No tax is owed on Opportunity Zone investment’s capital gain. Assuming a 7% annual growth rate, the after-tax value of the original $100 in-vestment is $176 by 2028.*

Investments held 7 years: taxable amount of the capital gains reinvested is reduced by 15%. For example: $100 of capital gains is reinvested into an Opportunity Zone fund and held for 7 years, selling in 2025. Taxable amount is reduced to $85 ($100 minus $15). Investor will owe $20 of tax on the original capital gains (23.8% of $85). Assuming a 7% annual growth rate, the investor will owe $15 in tax (23.8% of $61) on the Opportunity Zone investment’s capital gain.*

Investments held 5 years: taxable amount of the capital gains reinvested is reduced by 10%. For example: $100 of capital gains is reinvested into an Opportunity Zone fund and held for 5 years, selling in 2023. Taxable amount is reduced to $90 ($100 minus $10). Investor will owe $21 in tax on the original capital gains (23.8% of $90). Assuming a 7% annual growth rate, the investor will owe $10 in tax (23.8% of $40) on the Opportunity Zone investment’s capital gain.*

The federal Opportunity Zones program allows

each state’s governor to nominate up to 25 per-

cent of the qualifying low-income Census tracts

as Opportunity Zones. It was created under a pro-

vision of the Tax Cuts and Jobs Act, which was

signed into law December of 2017. Investors who

reinvest capital gains monies in Opportunity Zone

funds will receive reductions on capital gains taxes

relative to the years of their investment:

10

7

5

ARIZONA OPPORTUNITY ZONES

*Source: Economic Innovation Group, 2018

Click HERE to see the Opportunity Zones

6820 E 5TH AVE

Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the infor-

mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.

LOCATION OVERVIEW

PAPAGO PARKASU

HOTEL VALLEY HO

The Standard Apartments

The Mark Condominiums

The House Brasserie, GRAZIE!, CRAFT 64,

Old Town Tortilla Fac-tory, Cafe Monarch

A.R. Mays Construction

Circle K

E. INDIAN SCHOOL RD N. 68TH ST

Desert BotancialGarden

Phoenix Zoo

ARCADIA

Phoenix Sky Harbor International Airport

E. 5TH AVE

E. 3RD AVE

N. GOLDWATER BLVD

Vallone Design, Ageless Mi MedSpa

6820 E 5TH AVE

ARCADIA

E. 3RD AVE

Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the infor-

mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.

LOCATION OVERVIEW

HonorHealth Medical Center

Scottsdale Stadium

Frank & Lupe’s, Carlson Creek Vineyard, Lash and Sugar Company, Scottsdale Comedy Club,

Steven Paul Salon, Teres A Nail Bar

N. GOLDWATER BLVD

E. INDIAN SCHOOL RD

E. 5TH AVE

Vallone Design, Ageless Mi MedSpa

Coach House, Arcadia Farms Cafe

Daily Dose, Sugar Bowl, Starbucks, Panera, Jimmy John’s, Pita House, Hula’s Modern Tiki, Grimaldi’s, Kaleodpscope,

FourtillFour Coffee, Bicycle Haus, Legacy Gallery, Capriotti’s Sandwich Shop

RnR Gastropub, RA Sushi, Bandera, Brat Haus, Bucca di Beppo Italian, Sip Coffee & Beer House, Starbucks, Virtu Honest Craft, Salty Senorita, Rack Scottsdale

CRAFT 64, Old Town Tortilla Factory,

Cornish Pasty

Ten Wine Loft Apartments

TEMPE

6820 E 5TH AVE

MARK CASSELLAdvisor 480.289.4227mcassell@levrose.com

TRENTON M. MCCULLOUGHSenior Vice President480.294.6582tmccullough@levrose.com

6820 E 5TH AVE | SCOTTSDALE, 85251

DANIELLE DAVISVice President 480.294.6017ddavis@levrose.com

FOR SALE