OFFERING MEMORANDUM 810 W. BETHANY HOME RD. PHOENIX, AZ Justin Horwitz Senior Advisor

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1 OFFERING MEMORANDUM 810 W. BETHANY HOME RD. PHOENIX, AZ Justin Horwitz Senior Advisor Paul Borgesen III Advisor SVN DESERT COMMERCIAL ADVISORS 5343 N. 16TH STREET, SUITE 100, PHOENIX, AZ OFFERING MEMORANDUM

2 1 PROPERTY INFORMATION 810 W. Bethany Home Rd. Phoenix, AZ W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 2

3 Property Summary OFFERING SUMMARY Sale Price: $1,400,000 Price / SF: ±$91.50 Building Size: 15,304 SF Lot Size: 0.92 Acres Year Built: 1970 APN: D Zoning: C-O 2017 Property Tax: $17, PROPERTY HIGHLIGHTS Highly Desirable Midcentury Architecture Ideal for Owner User Potential to Occupy Entirety or Portion of Bldg. w/ Tenant's in Place Sufficient on Site Parking Good Accessiblity to I-17 and 51 Freeways Close Proximity to Light Rail Amid a Quickly Redeveloping Neighborhood Parking: 3.20/1,000 SF Abundance of Retail and Restaurant Amenities in Area 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 3

4 Property Description PROPERTY OVERVIEW SVN is pleased to present the listing for sale of 810 W. Bethany Home Rd., a 15,304 SF two story office building at 7th Ave. and Bethany Home Rd. As featured in Midcentury Marvels, Commercial Architecture of Phoenix, the subject property offers desirable features trending in today's market including classic design, high ceiling heights, and potential for exposed concrete through out. The property is laid out with first floor office space above highly functional basement space with natural light throughout. The Owner currently occupies the entire first floor, but is planning to vacate upon sale of the property. The lower level is currently leased out to various professional executive suite tenants with ability to vacate with sixty days notice. However, there is certainly great potential for an owner user to occupy the top floor and continue to lease out the lower level for additional income on the property offsetting expenses. LOCATION OVERVIEW The subject property is well located just west of the northwest corner of 7th Ave. and Bethany Home Rd. in a neighborhood undergoing a surge in redevelopment and revitalization including new restaurants such as Phoenix Ale Brewery Central Kitchen, Culinary Dropout, Joyride Taco, Postino, Cold Beers and Cheeseburgers, and many more. The building is centrally located between the 51 and I-17 Freeways and is in close proximity to the Downtown and Midtown Phoenix, Light Rail, and an abundance of new restaurants and amenities lining the 7th St., Central Ave, and 7th Ave. corridors. 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 4

5 Floor Plan - First Floor 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 5

6 Floor Plan - Basement Level 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 6

7 2 LOCATION INFORMATION 810 W. Bethany Home Rd. Phoenix, AZ W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 7

8 Regional Map 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 8

9 Aerial Map 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 9

10 Retailer Map 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 10

11 City Information - Phoenix PHOENIX, AZ Downtown Phoenix is a center for employment, education, professional sports, living, arts and culture. The dramatic changes over the past five years provided a surge in momentum and even more development. In addition to large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus serving as major activity centers, there is a real grassroots effort by residents and employees to create a true downtown community. Home to numerous major employers, Downtown Phoenix boasts the highest concentration of employment in the state. TOP PHOENIX EMPLOYERS COMPANY DT PHX HIGHLIGHTS # of EMPLOYEES 3,512 Businesses 63,494 Employees Banner Health 8,184 ±6,000 Multi Family Units Existing, Under Construction, or in Planning Honeywell 6,247 Over 800,000 SF of Retail Space 165+ Restaurants American Express 5, million SF of Office Space 880K SF of Convention Center Space St. Joseph's Hospital 4,109 Bank Of America 3, W. BETHANY HOME RD. PHOENIX, AZ ,000+ Students at ASU, U of A, and NAU Downtown Campuses ±$721mm in Consumer Spending SVN Desert Commercial Advisors Page 11

12 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 17, , ,196 Median age Median age (male) Median age (Female) MILE 3 MILES 5 MILES 7,045 70, ,745 # of persons per HH Average HH income $74,636 $59,509 $56,923 $420,085 $344,648 $300,130 Total population HOUSEHOLDS & INCOME Total households Average house value * Demographic data derived from 2010 US Census 810 W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 12

13 3 SALE COMPARABLES 810 W. Bethany Home Rd. Phoenix, AZ W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 13

14 Sale Comps Map SUBJECT PROPERTY 810 W. Bethany Home Rd., Phoenix, AZ E. CAMELBACK RD. 1 Phoenix, AZ 6520 N. 7TH ST. 2 Phoenix, AZ 6122 N. 7TH ST. 3 Phoenix, AZ 6040 N. 7TH ST. 4 Phoenix, AZ FOUNTAIN PLAZA W Camelback Rd Phoenix, AZ N. CENTRAL AVE. 6 Phoenix, AZ W. HIGHLAND AVE. 7 Phoenix, AZ W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 14

15 Sale Comps Summary SALE COMPS PRICE BLDG SF PRICE/SF CLOSE E. Camelback Rd. Phoenix, AZ N. 7th St. Phoenix, AZ N. 7th St. Phoenix, AZ N. 7th St. Phoenix, AZ Fountain Plaza 1212 W Camelback Rd Phoenix, AZ N. Central Ave. Phoenix, AZ W. Highland Ave. Phoenix, AZ $1,675,000 10,929 SF $ /29/2017 $1,550,000 11,237 SF $ /31/2017 $1,600,000 10,609 SF $ /09/2017 $2,400,000 14,296 SF $ On Market $1,770,000 13,660 SF $ On Market $1,402,310 10,787 SF $ On Market $1,625,000 14,340 SF $ On Market PRICE BLDG SF PRICE/SF CLOSE Totals/Averages $1,717,473 12,265 SF $ W. BETHANY HOME RD. PHOENIX, AZ SVN Desert Commercial Advisors Page 15

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