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
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres 1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ PROPERTY SUMMARY
INVESTMENT SUMMARY
Building SF
26,460 SF
Lot Size
2.52 Acres
Annual Rent (2017) Lease Type
NNN
SITE
ELESI O FELIX JR WAY
Tenant
Austin Electric Services
Zoning
A-1
Lease Expiration Date
Clear Height
23'
Rental Increases
Sale Price
March 31, 2024 2% Annually
$2,813,184 Net Operating Income
Cap Rate
$182,927
6.57%
Total Return
$182,927 6.57%
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
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
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 Down Payment
35% $984,614.40
Loan Amount
$1,828,570
Interest Rate
4.50%
Amortization
30
Debt Service
$111,181
CASH FLOW ANALYSIS
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
$182,927
$186,586
$190,317
$194,124
$198,006
$201,966
$206,006
Debt Service
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
Net Cash Flow
$71,746
$75,404
$79,136
$82,942
$86,825
$90,785
$94,824
7.29%
7.66%
8.04%
8.42%
8.82%
9.22%
9.63%
Net Operating Income
Cash on Cash Return
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres 1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ AVONDALE HIGHLIGHTS
DEMOGRAPHICS 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
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakeield Copyright 2016. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakeield 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. 03/15/17
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres 1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ PROPERTY SUMMARY
INVESTMENT SUMMARY
Building SF
26,460 SF
Lot Size
2.52 Acres
Annual Rent (2017) Lease Type
NNN
SITE
ELESI O FELIX JR WAY
Tenant
Austin Electric Services
Zoning
A-1
Lease Expiration Date
Clear Height
23'
Rental Increases
Sale Price
March 31, 2024 2% Annually
$2,813,184 Net Operating Income
Cap Rate
$182,927
6.57%
Total Return
$182,927 6.57%
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
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
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 Down Payment
35% $984,614.40
Loan Amount
$1,828,570
Interest Rate
4.50%
Amortization
30
Debt Service
$111,181
CASH FLOW ANALYSIS
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
$182,927
$186,586
$190,317
$194,124
$198,006
$201,966
$206,006
Debt Service
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
-$111,181
Net Cash Flow
$71,746
$75,404
$79,136
$82,942
$86,825
$90,785
$94,824
7.29%
7.66%
8.04%
8.42%
8.82%
9.22%
9.63%
Net Operating Income
Cash on Cash Return
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Net Leased Single Tenant Investment Opportunity ±26,400 SF on ±2.52 Acres 1414 & 1418 N. Eliseo C. Felix Jr. Way | Avondale, AZ AVONDALE HIGHLIGHTS
DEMOGRAPHICS 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
Mike Gilbert Senior Associate
Gary Anderson Senior Director
+1 602 468 8540
+1 602 224 4439
[email protected]
[email protected]
2375 East Camelback Road, Suite 300 Phoenix, AZ 85016 direct + 1 602 954 9000 fax +1 602 468 8588 cushmanwakefield.com
Cushman & Wakeield Copyright 2016. The information contained herein was lawfully obtained from sources we consider reliable. Cushwman & Wakeield 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. 03/15/17
