3707 E Southern Ave 3707 E. Southern Ave., Mesa, Arizona 85208
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1 For Lease Class B Office Building Up To 59,301 SF 3707 E Southern Ave 3707 E. Southern Ave., Mesa, Arizona Property Features Entire building (± 59,301 SF) available for single-user tenant Floor 1 - ±29,650 SF / Floor 2 - ±29,651 SF Close freeway proximity 6:1,000 Parking ratio On-site fitness facility Monument signage; potential building signage Beautiful lobby upgrades Cat 6 Cable and VoIP telecom Immediately adjacent to restaurants, coffee shop and other retail amenities Balconies throughout 20 minutes to Sky Harbor Stable ownership Close to Val Vista Lakes and Dana Park Just north of the Premiere at Dana Park, 198 unit luxury apartment complex under construction For Lease: $22.00 SF/yr (Full Service) lane.neville@naihorizon.com barbara.lloyd@naihorizon.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED N 44th St, 200 Phoenix, AZ naihorizon.com
2 Additional Photos For Lease Corporate Center at Val Vista
3 1st Floor Floorplan For Lease Corporate Center at Val Vista
4 2nd Floor Floorplan For Lease Corporate Center at Val Vista
5 For Lease Corporate Center at Val Vista Retailer Map
6 For Lease Demographics Map Corporate Center at Val Vista Population 1 Mile 3 Miles 5 Miles TOTAL POPULATION 14, , ,624 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) Households & Income 1 Mile 3 Miles 5 Miles TOTAL HOUSEHOLDS 5,224 54, ,031 # OF PERSONS PER HH AVERAGE HH INCOME $69,450 $65,004 $69,838 AVERAGE HOUSE VALUE $178,239 $234,330 * Demographic data derived from 2010 US Census barbara.lloyd@naihorizon.com lane.neville@naihorizon.com
7 Section 3 The Market City of Mesa The City of Mesa Economic has a targeted approach to provide significant opportunity for companies in; Healthcare, Education, Aerospace/Aviation/Defense, Technology and Tourism. Based on Mesa s strengths, quality infrastructure, talented workforce, projected growth and global market trends, the City of Mesa is already gaining significant results in each industry space. Mesa boasts world-class specialty and general hospitals with more than 17,000 beds combined. Mesa City is committed to expanding and attracting higher education institutions and developing quality projects that create high-wage jobs. The City is home to two airports, Falcon Field and Phoenix-Mesa Gateway. Phoenix Mesa Gateway Airport is a commercial reliever airport for Sky Harbor and is rapidly expanding its passenger and carrier capacity as well as offering a diverse portfolio of aerospace, defense, aviation and other high-tech industries. There are numerous aerospace, aviation and defense companies that call Mesa home. Mesa has long been a community that attracts and fosters high tech industries. Mesa s diverse high-tech industries are anchored by university-based research and development and a growing skilled labor force that is present through the region. Some of the companies that have chosen to make Mesa their home include: Banner Health Systems, Ulthera, Arizona State University Polytechnic Campus, A.T. Still University, Benedictine University, Boeing, Lockheed Martin, Orbital ATK, Cessna, Mitel, First Solar, FUJIFILM, Apple, Bridgestone Americas and other intelligent companies taking advantage of Mesa s diverse offering. 15
8 03 Market Info The Phoenix-Mesa region is a vibrant place to live, work and play. With 325 days of sunshine annually, Mesa, Arizona, is known for its near perfect, year-round traveling weather, excellent schools, and stunning mountain and lake vistas that residents and millions of visitors enjoy. Mesa s Large Employers: Banner Health System 9,573 Mesa Public Schools 8,770 Boeing 4,086 City of Mesa 3,715 Maricopa County Government 2,644 Maricopa Community College 1,951 Aviall Inc 842 Apple 700 Empire Southwest 585 Mountain Vista Medical Center 530 Salt River Project 505 TRW Vehicle Safety Systems 411 Special Devices 400 Workforce Availability Labor Force 350,472 Unemployment Rate 5.8% Within a 30-minute drive of Downtown Mesa Population 2,449,033 Households 918,892 Labor Force 1,890,619
9 03 Market Info MESA BOASTS TWO AIRPORTS AND AN EXPANDING LIGHT RAIL SYSTEM THAT CAN CARRY UP TO 15,000 PEOPLE PER HOUR. Market Access Well Connected, Abundant Resources and Reliable Power Mesa is a city on the move with an abundance of freeways, highways and state routes strategically located along commerce corridors and current and future population centers. Freeways ease traffic congestion the 101 along Mesa s west border and the Loop 202 circling the interior of Mesa. US 60 and SR 87 intersect in Mesa and minutes away are Interstates 10, 17 and 8, plus state routes 51, 74, 85 and 88 linking Mesa to other Arizona markets, California and Mexico. Mesa Boasts Two Airports Both Mesa Falcon Field Airport and Phoenix-Mesa Gateway Airport offer a diverse portfolio of aerospace, defense, aviation and other high tech industries, plus the operations to support those such as MRO, cargo and R&D activities. Light Rail The arrival of METRO Light Rail in late 2008 ushered in a new era of transportation to the PhoenixMesa metro area. Mesa City Council recently approved a three-mile extension with four additional station locations through Downtown Mesa. The light rail extension began construction in 2013 and will be completed in 2016.
10 Economic growth driving new speculative development activity in Mesa By Bill Jabjiniak Third Quarter 2016 Our nation continues to see slow, but steady economic improvement with 1.1 percent real GDP growth in the first quarter of 2016.i Arizona s growth continues to improve as well with employment increasing 2.6 percent, outpacing last year s 2.0 percent.ii As the economy expands, so does the demand for office and industrial space for growing companies. In the Phoenix-Mesa metro area vacancy rates are trending downward driving new speculative construction of office and industrial buildings. Currently, Mesa is seeing impressive activity as new speculative office and industrial space comes online. Centrica, a $20 million redevelopment project by Phoenix Rising converting 100,000 sq. ft. of vacant big box retail into Class A speculative office space in the Fiesta District, was snapped up within six months by international consumer finance company, Santander Consumer USA. January 2016, just two months later, the company began operations with expectations to employ more than 970 people over three years. October 2015, National General Lender Services snatched up 70,000 sq. ft. of office space for 400 employees just as the space came online following major renovations converting it to Class A speculative space. More recently, Dexcom, a leading manufacturer of glucose monitoring systems, leased 180,000 sq. ft. of newly constructed industrial speculative space in the Broadway 101 Commerce Park for its 500 workers almost before it could hit the market. These three projects alone account for the absorption of more than 350,000 sq. ft. of speculative space. We expect this activity to continue as quality speculative industrial and office space hits the Mesa market. Here are highlights of a few new and forthcoming projects that come to mind. West Mesa-Broadway 101 Commerce Park Neighboring the Dexcom facility to the south is a new 64,000 sq. ft. industrial building that is complete and ready for tenant improvements. Fiesta Corporate Campus- Nearby in the Fiesta District is the Fiesta Corporate Campus, another adaptive reuse project converting empty retail space into Class A speculative office space. The first building is 160,000 sq. ft. and is capable of housing as many as 1,300 employees. The forthcoming second building will be 100,000 sq. ft. of Class A space when renovations are complete. Falcon District- New speculative space is planned for Mesa s Falcon District in close proximity to one of the nation s most active general aviation airports, Falcon Field Airport. North Greenfield Rd.- Approximately 96,000 sq. ft. of speculative industrial space is planned northwest of the Airport along Greenfield Road just south of Loop 202. Falcon Commerce Park- The Falcon Commerce Park, southeast of the Airport on Higley, expects to deliver more than 66,000 sq. ft. speculative industrial space by Q Riverview Area- Waypoint at Riverview In northwest Mesa, nearby the new Chicago Cubs spring training facility and adjoining Mesa s Riverview shopping district, Harvard Investments, in partnership with Lincoln Properties, just filled a brand new 108,000 sq. ft. building with American Traffic Solutions corporate headquarters, and has begun construction on an additional 152,000 sq. ft. speculative office building. US 60 Corridor- Metro East Valley Commerce Center Another speculative property of particular note is Metro East Valley Commerce Center located at the southwest corner of US 60 and Horne Avenue. This property recently came on line and consists of four industrial buildings totaling more than 349,000 sq. ft. These projects are just a sampling of the opportunities that will be coming online in Mesa during the next 12 to 18 months. As the economy continues to strengthen we expect to see steady interest in these and other properties, especially in Mesa s targeted employment centers.
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