FOR SALE

INVESTMENT OR OWNER/USEROPPORTUNITY 1637 W. KNUDSEN DRIVEPHOENIX, AZ 85027

WORLDWIDEREAL ESTATE SERVICES

PROPERTY ADDRESS:1637 W. Knudsen DrivePhoenix, AZ 85027

ASKING PRICE:$4,300,000($143.55/SF)

OCCUPANCY:100%

CAP RATE:6.62%

TOTAL BUILDING SIZE:29,954 SF

NOI:Annual: $284,498.70 Monthly: $23,708.23

INVESTMENT OVERVIEW

LevRose Commercial Real Estate, as Exclusive Advisor to the Seller, is pleased to present to qualified investors, the opportunity to acquire the fee simple interest of 1637 W. Knudsen Drive, located in Phoenix, Arizo na. This well-positioned property provides tremendous accessibly to Phoenix’s main arterial streets and highways including nearby access to I-17, 19th Avenue and Deer Valley Road. Situated in the heart of Deer Valley, there are countless retail amenities located in the surrounding areas. Highlighted by The Shops at Norterra, which is a 354,000 square foot retail center, there is an abundance of local boutiques, national chains, and other amenities located in close proximity to 1637 W. Knudsen Drive.

The overall property consists of approximately 29,954 square feet of space. Built in 2007, this multi-tenant flex/hangar building is currently 100% occupied and has an annual NOI of $284,498.70. Consisting of Class A office space, two hangars, and warehouse, this property lends itself to a wide variety of potential investors looking to acquire a stable asset in Phoenix. The office portion is spacious, efficient, and allows for natural light to pour in throughout. Currently set up for two tenants, the office portion totals 12,696 SF. The warehouse portion is evaporative cooled and has a 24’ clear height. The exterior of each warehouse is surrounded by a secured gated parking lot and has direct access to the taxiway. The hangars each have a Hydraulic Schweiss Hangar Door, one 70 feet and the other 50 feet. Equipped with a private office and restroom, each hangar offers an efficient layout and allows for optimal plane storage.

PROPERTY SUMMARY

Flexibility with the leases; the entire building or a portion of it can potentially be delivered vacant for owner/user to occupy.

Located in Deer Valley’s Prestigious Northwest Airpark.

Two Hydraulic Schweiss Hangar Doors.

Effortless pull up parking throughout the property.

Efficient floor plan consisting of high-end interior finishes.

Two Secured Parking Lots.

Evaporative Cooled Warehouse with 24 foot clear height.

OCCUPANCY:100%

PROPERTY HIGHLIGHTS

PROPERTY ADDRESS:1637 W. Knudsen DrivePhoenix, AZ 85027

PROPERTY TYPE:Flex/Hangar Building

YEAR BUILT:2007

MARICOPA COUNTY PARCEL:209-02-083

ZONING:I-P, City of Phoenix

PARKING SPACES:42 total parking spaces

SITE AREA:±73,580 SF or 1.69 Acres

STORIES:Two (2)

PROPERTYOVERVIEW

FLOOR PLAN

FIRST FLOOR

FLOOR PLAN

SECOND FLOOR

SITE PLAN

W. KNUDSEN DRIVE

RUNWAY ACCESS

GATE GATE

NOT A PART NOT A PARTSUBJECT PROPERTY

NOT A PART

Visit their website at: https://www.axobio.com

TENANT OVERVIEW

Headquartered in Phoenix, Arizona, Axolotl

Biologix is focused on researching to optimize the

use of human biologicals and to develop biological-

related products that will foster regeneration and

healing for many conditions that affect patients.

These conditions include orthopedic, wound care,

pain management, ophthalmic, cardiovascular,

cosmetic, and more. Axolotl is currently

negotiating partnerships with leading universities

and research hospitals to find ways to improve

current technologies and procedures to improve

patients’ quality of life.

Visit their website at: https://www.formanmotorworks.com

Forman MotorWorks combines their passion and

fascination for high-performance automobiles with

15 years of knowledge and experience in all things

sports car. Allowing them to provide a comfortable,

easy-going, and informative experience for their

clients. In addition to being the official Southwest

distributor for the amazing Ariel Atom, they also

carefully select other fine automobiles for their

inventory.

NOT APART

Visit their website at: https://www.axobio.com

TENANT OVERVIEW

Premier Sales has been advising Arizona business

owners in the planning and execution of the sale

of their businesses for over 25 years. Their team of

professionals provides experience, confidentiality,

and knowledge needed to successfully complete

business sales transactions. In a crowded

industry with success ratios of 20% to 25% as the

norm, Premier Sales stands out by successfully

completing 75% or more of their engagements.

Premier Sales maintains a client-centric focus

while offering a team based approach in bringing

buyers and sellers together.

Visit their website at: http://www.weststaraviation.com

History and heritage have a place in today’s most

successful companies no matter what industry

they serve. However, great companies continue to

evolve with their customers and the markets they

service. West Star Aviation is no exception. Today’s

west star represents the blending of two trusted,

longstanding aviation service companies Premier

Air Center and West Star Aviation. The company

has built a solid reputation for strong technical

expertise and personalized customer service for

maintenance and refurbishment of corporate

aircraft. The transformation of the company from

an aviation sales and service business to a top-rated

business aircraft maintenance and refurbishment

facility.

Visit their website at: http://www.weststaraviation.com

TENANT KEY

FIRST FLOORTENANT KEY

Axolotl Biologix, Inc.

Westar Aviation

Forman MotorWorks

1

Premier Sales, Inc.

TENANT KEY

SECOND FLOORTENANT KEY

Axolotl Biologix, Inc.

Westar Aviation

Forman MotorWorks

Premier Sales, Inc.

Wat

son

Rd

GOODYEAR

Baseline Rd

Broadway Rd

Mill

er R

d

Rain

bow

Val

ley

Rd

Dea

n Rd

PhoenixGoodyearAirport

Jack

Rabb

it Rd

Yuma Rd

BUCKEYE

Cott

on L

n

TOLLESON Buckeye Rd

AHWATUKEEBaseline Rd

Phoenix Sky Harbor Intl

Camelback Rd

McDowell Rd

Olive Ave

PARADISEVALLEY

GLENDALE

PEORIA

LITCHFIELDPARK

CHANDLER

MESA

TEMPE

GILBERT

FOUNTAINHILLS

SUPRISESUNCITY

SUNCITYWEST

EL MIRAGE

SCOTTSDALE

Elliot Rd

Warner Rd

Ray Rd

Chandler Blvd

Broadway Rd

Lower Buckeye Rd

Guadalupe Rd

Pow

er R

d

Rura

l Rd

Ariz

ona

Ave

McQ

ueen

Rd

Coop

er R

d

Mill

AvePrie

st D

r

University DrBroadway Rd

McDowell Rd

Val V

ista

Dr

Gre

en�e

ld D

r

McDowell Rd

McDonald Dr

Indian Bend RdLincoln Dr

24th

St

44th

St

Hay

den

Rd

Scot

tsda

le R

dShea Blvd

7th

StCe

ntra

l Ave

Dob

son

Rd

7th

Ave

Bell Rd

Greenway Rd

Cave

Cre

ek R

d

Bell Rd

Thunderbird Rd

GrandAve

43rd

Ave

83rd

Ave

59th

Ave

Waddell Rd

Olive Ave

Bell Rd

Camelback Rd

Glendale Ave

Northern Ave

Reem

s Rd

Litc

h�el

d Rd

LukeAFB

El M

irage

Rd

W. Happy Valley RdW. Happy Valley Rd

W. Deer Valley RdW. Deer Valley Rd

E. Carefree Hwy.

Cave

Cre

ek R

d

E. Pinnacle Peak RdE Pinnacle Peak Rd

N P

ima

Rd

CAREFREE

N. L

ake

Plea

sant

Pkw

y

McDowell Rd

1637 W. KNUDSEN DRIVE

Year One Cash Flow YEAR ENDING

1

12/31/2019

Annual PSF

*Axolotl Biologix, Inc. $170,969.22 $10.09

Premier Sales Solutions $50,058.66 $11.00

Forman MotorWorks $22,610.94 $7.92

Westar Aviation $40,859.88 $7.31

RENTAL INCOME $284,498.70 $9.50

Axolotl Biologix, Inc. Reimbursements $58,655.25 $3.46

Premier Sales Solutions Reimbursements $15,753.58 $3.46

Forman MotorWorks Reimbursements $9,888.40 $3.46

Westar Aviation Reimbursements $19,361.32 $3.46

GROSS OPERATING INCOME $388,157.25 $12.96

OPERATING EXPENSES

Property Taxes -$49,488.56 -$1.65

Utilities -$18,953.38 -$0.63

Repairs & Maintenance -$16,935.61 -$0.57

Property Insurance -$12,001.21 -$0.40

Landscaping -$1,800.00 -$0.06

HOA Fee's -$1,343.36 -$0.04

Cleaning -$800.00 -$0.03

Elevator Maintenance -$798.90 -$0.03

Trash -$669.60 -$0.02

Miscellaneous -$487.00 -$0.02

Fire Alarm/Security Monitoring -$380.93 -$0.01

Total Expenses -$103,658.55 -$3.46

NET OPERATING INCOME $284,498.70 $9.50

LOCATION OVERVIEW

DEER VALLEY AIRPORT OVERVIEW

With two fixed-based operators, Deer Valley Airport is home to more than 1,277 aircraft.

The Airport offers a complete range of services including:

Fueling, Avionics repair, Maintenance & Parts, Flight training, New and used aircraft sales, Aircraft rentals, Pilot shop, Restaurant

The airport offers excellent opportunities for companies to grow their business in the North Valley.

Approximately 914 acres of property

Located 15 miles north of downtown Phoenix near the intersection of Interstate 17 and Loop 101.

Two Runways:o 7R/25L – 8,200’ x 100’o 7L/25R – 4,500’ x 75

Two Flight Schools:o AeroGuardo Westwind

Fixed Base Operator:o Cutter Aviation

Completed Airport Master Plan Update in 2015:o Aviation forecast indicates positive growth, including: - Number of based corporate aircraft - Number of corporate aircraft operations

For more information visit: https://deervalleyairport.com/

HIGHLIGHTS

N. 19

TH

AV

EN

UE

N. 19

TH

AV

EN

UE

SITE W. PINNACLE PEAK ROAD

N. 7TH

STREET

W. UNION HILLS DRIVE

HIGHLIGHTS

WORLDWIDEREAL ESTATE SERVICES

DISCLAIMERAlthough 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 information 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. If you have received this e-mail in error, please immediately notify me by reply e-mail and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this email references terms of a transaction, please note that nothing is binding until a contract is fully signed by all of the required parties. Thank you.

FOR MORE INFORMATION CONTACT:

ZAK KOTTLERPartner

480.294.6003zkottler@levrose.com

JOE COSGROVESenior Advisor480.294.6013

jcosgrove@levrose.com