Todd [email protected] 602.474.9550
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
FOR MORE INFORMATION, PLEASE CONTACT:
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
TABLE OF CONTENTS
Property Information Offering Summary ................................................................................................................................................................................... 4
Property Overview .................................................................................................................................................................................. 5
Community Amenities ............................................................................................................................................................................ 6
Unit Amenities ......................................................................................................................................................................................... 7
Location Neighborhood Amenities ...................................................................................................................................................................... 9
Aerial Overview ....................................................................................................................................................................................... 11
Why Phoenix?
Greater Phoenix Overview ..................................................................................................................................................................... 13
Financial Analysis Proforma ................................................................................................................................................................................................... 18
Sales Comparables Multi-Family Sales Comparables ........................................................................................................................................................... 20
Condo Sales Comparables .................................................................................................................................................................... 21
Rent Comparables .................................................................................................................................................................................. 22
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
PROPERTY INFORMATION
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
Lee & Associates is pleased to present the opportunity to acquire the Oleander Lofts apartments. The 12 unit complex is comprised of all 2 bedroom condos. Oleander Lofts is a mix of three and five story buildings built with block, concrete, and steel. OFFERING TERMS: Cash / New Debt PRICE: $5,300,000 PROPERTY TOURS: By appointment only.
OFFERING SUMMARY
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
Units: 12 Year Built: 2009 Construction Type: Block, Concrete & Steel Style: Three & Five Story Urban Contemporary Average Unit Size: +/- 1,578 Sqft.
PROPERTY OVERVIEW
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
• Excellent location in highly desirable area
• Built in 2009
• Private two car garage parking
• Gated common area and hallways
• Walking distance to iconic dining, shopping and entertainment
• Elevator served
• Pet run
• BBQ area
COMMUNITY AMENITIES
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
• Spacious units with well conceived floor plans
• Concrete floors
• Caesarstone countertops
• Full-size pantry*
• Modern black appliance package
• Cable television and high-speed internet access
• Ultra contemporary, industrial style units
• 10 foot exposed ceilings
• Living room garage doors w/ electric opener
• Scenic views
• Euro style cabinets
• Washer/dryer in each unit
• Private balconies
• Private two car garages
• Bamboo staircase
• Frosted glass entry doors
• Lighted and secured hallways
UNIT AMENITIES
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
LOCATION
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
UN
IVER
SITY
DR
.
ROOSEVELT ST.
MILL AVE.
+/- 75,000 STUDENTSs
MIXED USE
A MOUNTAIN
ASUSTADIUM
ASUGOLF
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
WILSO
N ST.
ROO
SEV
ELT
ST.
MILL AVE.TEMPEBIO MEDCAMPUS
CAMELBACK MOUNTAIN
PAPAGO PARK
202
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
202
202
McC
linto
ck D
r.
Rur
al R
d.
Mill
Ave
.
University Dr.
Rio Salado Pkwy
Pri
est
Dr.
Broadway Rd.
In today’s fast-moving marketplace, success belongs to those who create it.
Productivity and organization are maximized in a work environment that allows for flexibility and access, one that supports efficient product movement.
t h e l ibert y c en t er advantage
libertyproperty.com
T
864'-0"24'-0" 371'-0" 24'-0" 26'-0" 24'-0" 395'-0"
9'-0" WIDE BY 10'-0" HIGHSECTIONAL OVERHEAD DOOR,TYP. - 51 TOTAL 9'X10' DOORS
12'-0" WIDE BY 12'-0" HIGHSECTIONAL OVERHEADDOOR, TYP AT RAMPS
GROSS AREA: 215,000 SF
ELEC. EQUIP.
54'-0" 54'-0" 54'-0" 54'-0" 54'-0" 54'-0" 56'-0" 52'-0" 54'-0" 54'-0" 54'-0" 54'-0" 54'-0" 54'-0" 54'-0" 54'-0"
47'-6
"47
'-6"
47'-6
"47
'-6"
60'-0
"
CAR PARKING/TRAILER PARKINGCONCRETE DOLLY STRIP
199 PARKING SPACES
n 215,000 SF rear loaded building
n Grade level and dock high loading
n Concrete tilt panel construction
n 30' minimum clear height
n ESFR sprinkler system
n 50' x 54' column spacing with 60' speed bay
n 190' truck court
n Skylights as required by code
n R-19 insulation
n 6" thick, 4,000 psi reinforced concrete slab on subgrade over 10 mil. vapor barrier
fa s t fac t s
Liberty Center at Rio Salado embodies high-performance design, state-of-the-art infrastructure and unparalleled visibility in the heart of metropolitan Phoenix.
675 S. ROOSEVELT
Light Rail
Apache Blvd.
Light Rail
Mill
Ave
. Dis
tric
t
The Oleander Lofts is located in the vibrant city of Tempe and benefits from proximity to Arizona State University, with an enrollment in excess of 75,000+/- students, and the Tempe Town Lake business corridor, with 40,000 nearby employees.
Residents at the Oleander Lofts are a short walk away from the Mill Avenue District, which offers vibrant dining, nightlife, shopping, and culture entertainment.
Tempe enjoys and maintains one of the most thriving economic environments in the country with top research firms, Fortune 500 companies, Technology startups, all of which are supported by one of the largest and most innovative universities in the country.
AERIAL OVERVIEW
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
WHY PHOENIX?
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
2
FAST-TRACK PERMITTING90 DAYS OR LESS THROUGHOUT THE
ONE OF THEIN THE WESTERN U.S.LOWEST LABOR COSTS
ECONOMYOF THE STATE’S
REPRESENTSGREATER PHOENIX
LARGESTLABOR POOL IN THE WEST
GE GRAPHIC REGIONAN EXCEEDINGLY ACCESSIBLE
ACCESS TO CAPITAL AND A
RIGHT-TO-WORK STATE
OPERATING ENVIRONMENT
24-HOUR PERMITS & INSPECTIONS
GREATER PHOENIX REGION
Greater Phoenix is fast-paced, dynamic, and possesses an unapologetic willingness to get things done.
GREATER PHOENIX ECONOMIC COUNCIL1
“ Arizona offers an
exciting opportunity to
address the increasing
needs of our clients as
our business continues
to grow. This step will
provide us with access
to significant talent
pools and a strategic
location that will help
us directly serve
our clients.”
REGIONAL OVERVIEW
Greater Phoenix is comprised of 23 distinct
communities cooperating as one region. In a
state that recently celebrated its centennial,
Greater Phoenix is one of the fastest growing and
dynamic metropolitan regions in the country. The
region has a pioneering spirit and welcoming
attitude – toward people and business. When
you expand or relocate your business here,
you join a community rich with opportunity,
innovation and economic vibrancy. - FREDERICK H. (RICK) WADDELL
CEO, Northern Trust
Information courtesy of the Greater Phoenix Economic Council (GPEC) | gpec.org
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
The population of Greater
Phoenix is 4.4 million and
is expected to grow to
nearly 6.4 million in the
next 20 years.
Projected employment
growth over the next
decade is 15.15%
compared to the national
projected growth of 9.42%.
A relatively young region,
Greater Phoenix has a
median age of 35.4 – two
years younger than the
average age nationwide.
GREATER PHOENIX ECONOMIC COUNCIL7
HUMAN CAPITAL + EDUCAT IONAL ASSETS
ARIZONA HAS AN EXTREMELY COMPETITIVE WORKFORCE IN REGARDS TO TRAINING, QUALITY AND AVAILABILITY OF WORKERS, WHILE MAINTAINING ONE OF THE LOWEST COSTS FOR LABOR IN THE NATION.
MATURE TALENT WORKFORCE PIPELINE
8
NUMBER OF STUDENTS ENROLLED (GRADUATE AND UNDERGRADUATE)
Arizona State University 83,301
Grand Canyon University 75,200
Maricopa Community Colleges 265,000
Northern Arizona University 25,590
University of Arizona 42,236
EDUCATIONAL ASSETS:A CONTINUOUS STREAM OF TALENTED EMPLOYEES
Arizona State University, Maricopa Community Colleges, Grand Canyon University, Northern Arizona University, University of Arizona and University of Phoenix are among more than 50 universities and other institutions of higher learning that prepare the region’s workforce.
THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT:
ARIZONA STATE UNIVERSITY:
EDUCATES AND TRAINS 265,000 INDIVIDUALS ANNUALLY
RANKED #1 INTERNATIONAL FULL-TIME MBA
MARICOPA COMMUNITY COLLEGES:
#5 IN THE NATION FOR BEST-QUALIFIED GRADUATES (Wall Street Journal)
#1 MOST INNOVATIVE SCHOOL IN THE U.S. - 2016, 2015 (US News & World Report)
70% OF ASU GRADUATES REMAIN IN THE STATE AFTER GRADUATION
STUDENT POPULATION OF 80,000+ ACROSS FIVE REGIONAL CAMPUSES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
Available sites, robust power, high-speed fiber and the low chance for natural disasters positions Greater Phoenix as a top choice for data centers and advanced business services operations.
# OF STUDENTS ENROLLED IN BUSINESS DEGREE PROGRAMS (Graduate and Undergraduate):
Arizona State University 8,637 (undergrad only)
Grand Canyon University 12,640
Maricopa Community Colleges 7,506
Northern Arizona University 2,114
University of Arizona 5,800
Phot
o Cr
edit:
Kev
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.com
MISSION CRITICAL & ADVANCED BUSINESS SERVICES
GREATER PHOENIX ECONOMIC COUNCIL17
6TH LARGEST CONCENTRATION OF DATA CENTERS NATIONALLY
TOP 5 NATIONALLY FOR TECH JOB GROWTH
PALO VERDE NUCLEAR POWER PLANT IS THE LARGEST NUCLEAR POWER PLANT IN THE U.S.
EXCELLENT CONNECTIVITY TO MAJOR METROPOLITAN MARKETS
8
NUMBER OF STUDENTS ENROLLED (GRADUATE AND UNDERGRADUATE)
Arizona State University 83,301
Grand Canyon University 75,200
Maricopa Community Colleges 265,000
Northern Arizona University 25,590
University of Arizona 42,236
EDUCATIONAL ASSETS:A CONTINUOUS STREAM OF TALENTED EMPLOYEES
Arizona State University, Maricopa Community Colleges, Grand Canyon University, Northern Arizona University, University of Arizona and University of Phoenix are among more than 50 universities and other institutions of higher learning that prepare the region’s workforce.
THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT:
ARIZONA STATE UNIVERSITY:
EDUCATES AND TRAINS 265,000 INDIVIDUALS ANNUALLY
RANKED #1 INTERNATIONAL FULL-TIME MBA
MARICOPA COMMUNITY COLLEGES:
#5 IN THE NATION FOR BEST-QUALIFIED GRADUATES (Wall Street Journal)
#1 MOST INNOVATIVE SCHOOL IN THE U.S. - 2016, 2015 (US News & World Report)
70% OF ASU GRADUATES REMAIN IN THE STATE AFTER GRADUATION
STUDENT POPULATION OF 80,000+ ACROSS FIVE REGIONAL CAMPUSES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
Greater Phoenix encompasses distinct communities, each
with its own identity and assets. Collectively, they offer vast
opportunity. Because you don’t have to be entrenched in the
business or social hierarchy of the region to succeed, Greater
Phoenix offers everyone the chance to thrive and make a
significant impact.
· More than 300 days of sunshine annually
· More than 325 golf courses
· Drive to beaches or the mountain pines within hours
· The cost of living is 77% cheaper on average than leading California markets
· Median household income of $53,310
· Median home sale is $217,900
· Effective property tax rate of 1.25%
· Personal income tax rate of 2.59% to 4.54%
· Average commute time is 24.7 minutes
LIFESTYLE
AFFORDABLE WITH AN
INCLUSIVE culture
Phot
o Cr
edit:
mar
kson
tok,
Flic
kr.c
om
THOUSANDS OF ATTRACTIONS & EVENTSFLOURISHING ARTS & CULTURE SCENE PROFESSIONAL SPORTS
HEARD MUSEUM Photo Credit: Paulina Pineda, Flickr.com
BARRETT-JACKSON CLASSIC CAR AUCTIONPhoto Credit: DeusXFlorida, Flickr.com
NFL ARIZONA CARDINALS Photo Credit: Chris Cameron, Flickr.com
PHOENIX ART MUSEUM Photo Credit: Fuzzy Gerdes, Flickr.com
DESERT BOTANICAL GARDEN Photo Credit: Loren Javier, Flickr.com
NHL ARIZONA COYOTES Photo Credit: Sergei Scurfield, Flickr.com
MUSICAL INSTRUMENT MUSEUM Photo Credit: Thomas Quine, Flickr.com
PHOENIX ZOO Photo Credit: Stefanie Carson, GPEC
NBA PHX SUNS & WNBA PHX MERCURY Photo Credit: Keith Allison, Flickr.com
GAMMAGE AUDITORIUM Photo Credit: Nick Bastian, Flickr.com
ARTLINK FIRST FRIDAYS Photo Credit: Chanel Wheeler, Flickr.com
MLB AZ DIAMONDBACKS & SPRING TRAINING Photo Credit: Ken Lund, Flickr.com
MESA ARTS CENTER Photo Credit: David Crummey, Flickr.com
MORE THAN 30 CRAFT BREWERIES Photo Credit: Kevin Dooley, Flickr.com
NASCAR AT PHX INTERNATIONAL RACEWAY Photo Credit: Hans Enderle, Flickr.com
24
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
FINANCIAL ANALYSIS
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
675 S RooseveltTempe, Arizona 85281
Type # of Units Sq. Ft.+/-
Total S.F.+/-
CurrentRent
Profoma
2 Bedroom 2.5 Bath 2 1,642 3,284 $1,700 $2,4002 Bedroom 3 Bath 5 1,565 7,825 $1,600 $2,300
2 Bedroom 2.5 Bath 5 1,565 7,825 $1,500 $2,200Total/Avg. 12 1,578 18,934 $1,575 $2,275
Profoma
$327,600(13,104)(6,552)
$307,9442,400
$310,344
2,0407,200
10,9005,000
42,924
3,470
9,141
2,400$83,075
$227,269
RENTAL INCOMEGross Market RentVacancy LossConcessions
Other Income
Payroll
Net Rental Income
TOTAL INCOME
Utilities
Reserves/Capital
Management Fee
Property Insurance
Property Taxes
Repairs & MaintenanceAdministrativeOPERATING EXPENSES
TOTAL EXPENSES
NET OPERATING INCOME
PROFORMA
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS675 S. ROOSEVELTTempe, Arizona 85281
Type # of Units Sq. Ft.+/-
Total Sq. Ft.+/-
Current Rent ProformaRent
2 Bedroom 2.5 Bath 2 1,642 3,284 $1,900 $2,4002 Bedroom 3 Bath 5 1,565 7,825 $1,850 $2,300
2 Bedroom 2.5 Bath 5 1,565 7,825 $1,650 $2,200
Total/Avg. 12 1,578 18,934 $1,800 $2,300
Proforma
$331,200(13,248)
Concessions (6,624)$311,328
$2,400$313,728
$2,040
$7,200
$10,900
$5,000
$42,924
$3,470
$9,141
$2,400$83,075
($6,917/Unit)
$230,653
TOTAL EXPENSES
Management Fee
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to erros, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
Property Insurance
NET OPERATING INCOME
Reserves/Capital
Utilities
Payroll
OPERATING EXPENSES
Property Taxes
Repairs & Maintenance
SCHEDULED RENTAL INCOME Gross Market Rent
TOTAL INCOME
Vacancy Loss
Net Rental Income
Administrative
Other Income
PROFORMA NOTES
Current rental rates average approximately $1,800 per Month, while maintaining 100% occupancy. Submarket rental comparables support a significantly higher potential rate structure, which would exceed an average rental rate of $2,300 per Month.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
SALES COMPARABLES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
MULTIFAMILY SALES COMPARABLES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
PROPERTY UNITS SALE DATE PRICE PRICE/UNIT
1000 on 5th
1000 W. 5th Street Tempe, AZ 85281
19 6/30/17 $6,600,000 $347,368
Farmer Avenue Lofts 352 – 398 S. Farmer Avenue Tempe, AZ 85281
18 12/30/15 $9,180,000 $510,000
Trio Condominiums 4816 N. Woodmere FairwayScottsdale, AZ 85251
12 2/13/17 $4,750,000 $395,833
The Place on Jentilly 1717 S. Jentilly LaneTempe, AZ 85281
33 4/24/17 $9,300,000 $281,818
AVERAGE 21 $7,457,500 $383,755
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
CONDO SALE COMPARABLES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS
PROPERTY UNIT TYPE SIZE SALE DATE SALE PRICE
140 E. Rio Salado PkwyUnit 710Tempe, AZ
3BD/2.5BA 2,620 SF 1/25/18 $1,100,000
21 E. 6th St. Unit 701Tempe, AZ
3BD/2.5BA 3,093 5/17/18 $1,300,000
140 E. Rio Salado PkwyUnit 305Tempe, AZ
2BD/2BA 1,830 SF 11/3/17 $550,000
140 E. Rio Salado PkwyUnit 201Tempe, AZ
2BD/2BA 1,794 SF 6/27/18 $540,000
140 E. Rio Salado PkwyUnit 509Tempe, AZ
2BD/2BA 1,600 SF 12/5/17 $423,000
140 E. Rio Salado PkwyUnit 209Tempe, AZ
2BD/2BA 1,818 SF 8/12/17 $476,000
21 E. 6th StreetUnit 604Tempe, AZ
1BD/2BA 1,574 SF 7/17/18 $430,000
21 E. 6th StreetUnit 705Tempe, AZ
2BD/2.5BA 2,725 SF 2/15/18 $935,000
421 W. 6th StreetUnit 1005Tempe, AZ
3BD/3.5BA 2,270 SF 8/24/17 $499,000
421 W. 6th StreetUnit 1017Tempe, AZ
3BD/3.5BA 2,255 SF 6/25/18 $470,000
AVERAGE 2,158 $672,300
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
RENT COMPARABLES
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTSREZIDE AT UPTOWN
RYAN BOYLE TODD BRAUN NICK NESLUNDAssociate Principal Multi-Family Properties602.912.3526 602.474.9550 [email protected] [email protected] [email protected]
PROPERTY UNIT TYPE SIZE (SF) ASKING RENT RENT/SF
Skywater at Town Lake601 W. Rio Salado Pkwy.Tempe, AZ
2BD/2BA2BD/2BA2BD/2BA
1,3421,1481,105
$2,649$1,699$1,495
$1.97$1.48$1.35
Ten01 on the Lake1001 E. Playa Del Norte DriveTempe, AZ
2BD/2BA 723 $1,517 $2.09
West 6th115 W. 6th StreetTempe, AZ
2BD/2BA2BD/2BA2BD/2BA2BD/2BA2BD/2BA2BD/2BA
874897956973
1,2111,492
$1,859 - $2,059$1,919-$2,019
$2,009$2,169-$2,269
$2,159$2,219
$2.13-$2.36$2.13-$2.25
$2.10$2.23-$2.33
$1.78$1.49
Vela555 N. College AvenueTempe, AZ
2BD/2BA2BD/2BA2BD/2BA2BD/2BA
1,0871,1761,1821,206
$2,110-$2,715$1,770-$2,410
$1,775-$2,575
$1.94-$2.49$1.51-$2.05
$1.47-$2.14The Hyve1260 E. University DriveTempe, AZ
2BD/2BA 1,132 $1,689 $1.49
Salt260 E. Rio Salado Pkwy.Tempe, AZ
2BD/2BA 955-1551 $1,855-$2,785 $1.80-$1.94
Nexa1221 E. Apache Blvd.Tempe, AZ
2BD/2BA2BD/2BA2BD/2BA2BD/2BA
9701,0151,3011,323
$1,650-$1,995$1,825-$1,945$2,750-$3,040$2,650-$2,920
$1.70-$2.06$1.78-$1.92$2.11-$2.34$2.00-$2.21
Union Tempe712 S. Forest Ave.Tempe, AZ
2BD/2BA 802-863 $1,958 $2.23-$2.44
Broadstone Lakeside Drive 2BD/2BA 9461,0311,2621,1281,3841,1231,2871,255
$1,860$1,925$2,250$2,100$2,405$2,085$2,390$2,460
$1.97$1.87$1.78$1.86$1.74$1.85$1.86$1.96
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same is submitted subject to error,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
South Mountain Fwy.
LukeAFB
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Phoenix Sky Harbor International Airport
Airpark
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Pim
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Sun Valley Pkwy.
Grand Ave.
Papago Fwy.
Maricopa Fwy.
Superstition Fwy.
Bla
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y.
Red MountainFwy.
Pima .ywFAgua Fria Fwy.
85
MAIN ST.APACHE TRAIL
UNIVERSITY DR.
MCKELLIPS RD.
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SOUTHERN AVE.
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PEORIA AVE.
CACTUS RD.
SHEA BLVD.
CAMELBACK RD.
INDIAN SCHOOL RD.
THOMAS RD.
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CEN
TRA
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44TH
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CO
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BELL RD.
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PINNACLE PEAK RD.
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7TH
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SAN
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RD
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THUNDERBIRD RD.
59TH
AVE
.
BUCKEYE RD.
YUMA RD.
BROADWAY RD.
LITC
HFI
ELD
RD
.
99TH
AVE
.
JAC
KR
AB
BIT
TR
.
MIL
L A
VE.
ELLIOT RD.
WARNER RD.
CHANDLER RD.
RAY RD.
24TH
ST.
32N
D S
T.
48TH
ST.
Salt River
43R
D A
VE.
PHOENIX
CAREFREECAVECREEK
ANTHEM
DESERT HILLS
MESA
SCOTTSDALE
CHANDLER
GILBERT
SUNCITY
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LITCHFIELDPARK
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TEMPE
PEORIA
TOLLESON
AHWATUKEEFOOTHILLS
APACHEJUNCTION
Existing Freeways
Proposed or Under Construction
NO
RTH
GoodyearAirport
10
10
101
101
143
60
60
87
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51
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17
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303
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Santan Fwy.
GIL
BER
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SOUTHERN AVE.
202
202
HIG
LEY
RO
AD
303
303
3200 East Camelback Road, Suite 100 | Phoenix, Arizona 85018 | 602-956-7777 | www.leearizona.com
FOR MORE INFORMATION, PLEASE CONTACT:
Todd [email protected] 602.474.9550
Nick [email protected] 602.474.9500
AVAILABLE FOR SALE675 SOUTH ROOSEVELT STREET | TEMPE, ARIZONA
OLEANDER LOFTS