Net Leased Single Tenant Investment Opportunity
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ
SITE
ELESI O FELIX JR WAY
Property Summary
Investment Summary
Building SF
26,460 SF
Lot Size
2.52 Acres
Zoning
A-1
Clear Height
23'
Sale Price
$2,813,184
Cap Rate
6.25%
Annual Rent (2016) Lease Type
NNN
Tenant
Austin Electric Services
Lease Expiration Date Rental Increases Net Operating Income Total Return
$175,824
March 31, 2024 2% Annually $175,824 6.25%
Investment Highlights • Tremendous Growth Area Population is Projected to Grow by 36 Percent by 2019. • Highly Functional Buildings • Austin Electric Services - Established 1997 with over 400 Local Employees
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ Investment Pro Forma Loan Information Sale Price
$2,813,184
Percent Down
25%
Down Payment
$703,296.00
Loan Amount
$2,109,888
Interest Rate
4.00%
Amortization
30
Debt Service
$120,875
Cash Flow Analysis Net Operating Income Debt Service
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
$175,824
$179,340
$182,927
$186,586
$190,318
$194,124
$198,006
$201,967
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
$54,949
$58,465
$62,052
$65,711
$69,442
$73,249
$77,131
$81,091
7.81%
8.31%
8.82%
9.34%
9.87%
10.42%
10.97%
11.53%
Net Cash Flow Cash on Cash Return Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ Demographics
Avondale Highlights 1 Mile
3 Mile
5 Mile
Population
8,816
80,344
186,048
Households
2,850
25,164
59,439
$37,193
$56,759
$60,442
Total Businesses
566
2,113
4,038
Total Employees
6,471
24,260
50,216
Total Residential Pop.
8,816
80,344
186,048
Medium HH Income
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ
SITE
ELESI O FELIX JR WAY
Property Summary
Investment Summary
Building SF
26,460 SF
Lot Size
2.52 Acres
Zoning
A-1
Clear Height
23'
Sale Price
$2,813,184
Cap Rate
6.25%
Annual Rent (2016) Lease Type
NNN
Tenant
Austin Electric Services
Lease Expiration Date Rental Increases Net Operating Income Total Return
$175,824
March 31, 2024 2% Annually $175,824 6.25%
Investment Highlights • Tremendous Growth Area Population is Projected to Grow by 36 Percent by 2019. • Highly Functional Buildings • Austin Electric Services - Established 1997 with over 400 Local Employees
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ Investment Pro Forma Loan Information Sale Price
$2,813,184
Percent Down
25%
Down Payment
$703,296.00
Loan Amount
$2,109,888
Interest Rate
4.00%
Amortization
30
Debt Service
$120,875
Cash Flow Analysis Net Operating Income Debt Service
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
$175,824
$179,340
$182,927
$186,586
$190,318
$194,124
$198,006
$201,967
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
-$120,875
$54,949
$58,465
$62,052
$65,711
$69,442
$73,249
$77,131
$81,091
7.81%
8.31%
8.82%
9.34%
9.87%
10.42%
10.97%
11.53%
Net Cash Flow Cash on Cash Return Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres
1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ Demographics
Avondale Highlights 1 Mile
3 Mile
5 Mile
Population
8,816
80,344
186,048
Households
2,850
25,164
59,439
$37,193
$56,759
$60,442
Total Businesses
566
2,113
4,038
Total Employees
6,471
24,260
50,216
Total Residential Pop.
8,816
80,344
186,048
Medium HH Income
Gary Anderson Senior Vice President
Mike Gilbert Associate
[email protected]
[email protected]
+1 602 224 4439
+1 602 468 8540
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakefield is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
