ST E VE BERGHOFF GR AFTON MILNE , CC IM480.659.1777 x111 480.659.1777 x103
[email protected] [email protected]
TANNER MILNE , S IOR, CC IM, MBA480.659.1777 x104
10251 N 35thAvenue,
Phoenix, AZ 85051
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
F O R S A L ENNN Investment Sale | Accel School
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Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Menlo GroupCommercial Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data orassumptions. Menlo Group Commercial Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All dataand assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance.Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factorsand other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountantor tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property andwhether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects,contractors, other consultants and governmental agencies. All properties and services are marketed by Menlo Group Commercial Real Estate incompliance with all applicable fair housing and equal opportunity laws.
Table ofContents
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
STEVE BERGHOFF GRAFTON MILNE, CCIM TANNER MILNE, SIOR, CCIM, MBA
480.659.1777 x111 480.659.1777 x103 480.659.1777 x104
[email protected] [email protected] [email protected]
3 PROPERTY INFORMATION
6 LOCATION INFORMATION
10251 N 35th Avenue, Phoenix, AZ 85051
NNN Investment Sale | Accel School
10251 N 35th Avenue, Phoenix, AZ 85051
PROPERTY INFORMATIONPROPERTY INFORMATION
NNN Portfolio Sale | School | Child Care Facility
Steve BerghoffVice [email protected]
Grafton Milne, CCIMSenior Vice [email protected]
Tanner Milne, SIOR, CCIM, MBADesignated Broker, [email protected]
Menlo Group Commercial Real EstateP: 480.659.1777 • F: 866.226.5766www.menlocre.com
STEVE BERGHOFF GRAFTON MILNE, CCIM TANNER MILNE, SIOR, CCIM, MBA480.659.1777 x111 480.659.1777 x103 480.659.1777 x104
[email protected] [email protected] [email protected]
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
Section 1:
P R O P E R T YI N F O R M A T I O N
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
OFFERING SUMMARY
Sale Price: $11,000,000
Price PSF: $250.00
Cap Rate: 7.45%
NOI: $819,720.00
Year Built: 1978
Building Size: 44,000
Zoning: CO, City of Phoenix
Market: Phoenix
Submarket: Northwest Phoenix
Two-story freestanding building located at 35th Avenue and Peoria Avenue in Phoenix, Arizona. This is an established Phoenixproperty with close proximity to several business and retail locations including Metrocenter and easy access to the I 17. Thisproperty is currently occupied by ACCEL School and serves as a full service school including an on site pool, track and field, andoutdoor play area. The property also has plentiful parking and a drop-off area for buses. This property has been occupied byACCEL for over ten years and has lease term through 2023 with options to renew.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Approximately 44,000 SF School
• 100% Occupied
• Currently Occupied by ACCEL
• Established Tenant with term through 2023
• Located in an established Phoenix neighborhood
• Close Proximity to I 17 and Metrocenter
• School Grounds include a pool, track, baseball field
• Frontage along 35th Avenue
• Built in 1978
NNN Investment Sale | Accel School10251 N 35th Avenue, Phoenix, AZ 85051
Page 4Executive Summary
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
NNN Investment Sale | Accel School10251 N 35th Avenue, Phoenix, AZ 85051
Page 5Additional Photos
10251 N 35th Avenue, Phoenix, AZ 85051
LOCATION INFORMATIONLOCATION INFORMATION
NNN Portfolio Sale | School | Child Care Facility
Steve BerghoffVice [email protected]
Grafton Milne, CCIMSenior Vice [email protected]
Tanner Milne, SIOR, CCIM, MBADesignated Broker, [email protected]
Menlo Group Commercial Real EstateP: 480.659.1777 • F: 866.226.5766www.menlocre.com
STEVE BERGHOFF GRAFTON MILNE, CCIM TANNER MILNE, SIOR, CCIM, MBA480.659.1777 x111 480.659.1777 x103 480.659.1777 x104
[email protected] [email protected] [email protected]
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
Section 2:
L O C A T I O NI N F O R M A T I O N
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
NNN Investment Sale | Accel School10251 N 35th Avenue, Phoenix, AZ 85051
Page 7Location Maps
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S. Holbrook Ln., Tempe, AZ 85281menlocre.com
NNN Investment Sale |School / Child Care Portfolio
NNN Investment Sale | Accel School10251 N 35th Avenue, Phoenix, AZ 85051
Page 8Aerial Map
