SUBJECTPROPERTY
SOLD 1/7/2015$167.14/SF
LEASED 9/1/2014$0.98 - $1.15/SF
SOLD 12/16/2011$116.42/SF SHELLSOLD 10/21/2009
$146.08/SF SOLD 11/26/2014
$138.16/SF
17TH ST.
PR
IES
T D
R.
JERRY MARRELLCHRIS MCCLURG
602.956.7777
THE ENCLAVE ON PRIEST
RENEWAL5/31/2016
$1.25 - 1.42/SF
SOLD 10/5/2012$165.33/SF
LEASED 2/20/2012$1.25 - $1.38/SF
LEASED 9/1/2014$0.98 - $1.13/SF
SOLD 9/29/2011$110/SFSHELL
SOLD 5/1/2015$95/SF SHELL
SOLD 11/6/2012$111.14/SF SHELL
SOLD 12/1/2013$90/SFSHELL
SOLD 8/12/2016$161/SF
21,105 SF70% OFFICE
SOLD 8/5/2016$87.50/SF SHELL
4,459 SF
Sky HarborInt'l Airport
Pric
e Fw
y.P
ima
Fwy.
Sun
Val
ley
Pkw
y.
Grand Ave.
Papago Fwy.
Maricopa Fwy.
Bla
ck C
anyo
n Fw
y.
Red Mountain Fwy.
Sun Valley Pkwy.
South Mountain Fwy.
87
Baseline Rd.VA
L V
ISTA
DR
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PO
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R R
D.
SO
SS
AM
AN
RD
.
MESA
CHANDLERGILBERT
AHWATUKEE
SUNCITY
GLENDALE
LITCHFIELDPARK
SUNCITY
WEST
FOUNTAINHILLS
BUCKEYE
PEORIA
TOLLESON
Gila River
Salt River
PHOENIX
NO
RTH
Superstition Fwy.
RU
RA
L R
D.
SC
OTT
SD
ALE
RD
.
BEELINE HWY.
LINCOLN DR.
SHEA BLVD.
CAMELBACK RD. MCDONALD DR.
AR
IZO
NA
AVE
.
McQ
UE
EN
RD
.
CO
OP
ER
RD
.
BASELINE RD.
BELL RD.
THUNDERBIRD RD.
BUCKEYE RD.YUMA RD.
BROADWAY RD. BROADWAY RD.
JAC
KR
AB
BIT
TR
.
CO
TTO
N L
N.
ELLIOT RD.
CHANDLER BLVD.
RAY RD.
GUADALUPE RD.
WARNER Rd.
HAY
DE
N R
D.
MCDOWELL RD.
UNIVERSITY DR.
CE
NTR
AL
AVE
.
44TH
ST.
59TH
AVE
.
TEMPE
85 60
202
101
101
PARADISEVALLEY
SCOTTSDALELITC
HFI
ELD
RD
.
BELL RD.
MCDOWELL RD.
PhoenixGoodyear Airport
BROADWAY RD.GOODYEAR
NORTHERN AVE.
CAMELBACK RD.
MCDOWELL RD.
101
303
Est
rella
Fw
y.
SURPRISE
51
LukeAFB
PR
IES
T D
R.
DEER VALLEY RD.
BELL RD.
CAV
E C
RE
EK
RD
.
7TH
ST.
202
QUEEN CREEK RD.
GERMANN RD.
202
MIL
L AV
E.
McKELLIPS RD.
Santan Fwy.
Bldg Size: 21,303 RSF Single Story (Flex)
Premises: Tenant 21,303 RSF
Built: 2009 (Occupied by Tenant for past 7 years)
Cap Rate: 7.5% Based on NOI $319,545.00
Term: 84 Months (Renewal)
Renewal Start: June 2017
NNN Lease with Exceptional Credit Tenant
Renovation: $20.00/SF Upon Renewal
INVESTMENT DETAILS
3200 E. Camelback Rd.Suite 100Phoenix, Arizona, 85018ph: 602.956.7777 fx: 602.954.0510www.leearizona.com
CHRIS [email protected]
JERRY [email protected]
SALE PRICE: $4,260,000
ENCLAVE ON PRIEST1642 S. PRIEST DRIVE | FOR SALETEMPE, ARIZONA | SINGLE TENANT NNN INVESTMENT www. l eear i zona . com
TENANT: TERROS INC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no war-ranty 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.
CHRIS [email protected]
JERRY [email protected]
Lease Analysis | Building 6: Terros, Inc.
Square Footage: 21,303 RSF
Vacancy: 0 RSF
Term: 84 Months
Occupancy Lease Rate/SF* Annual RentMonths 1-24 $15.00 $319,545.00Months 25-48 $15.50 $330,196.00Months 49-60 $16.00 $340,848.00Months 61-72 $16.50 $351,499.00Months 73-84 $17.00 $362,151.00*NNN
143
202
153
Phoenix Zoo
Rolling Hills Golf Course
PhoenixMunicipalStadium
Van Buren St.Gateway
Community College
PuebloGrande
ArcheologicalPark
SKY HARBORINTERNATIONAL AIRPORT
Washington St.
VALLEY METROLIGHT RAIL
Light RailTerminal
Salt River
Tempe Town Lake
DOWNTOWNTEMPE
University Dr.
Broadway Rd.
Apache Blvd.
ARIZONA STATEUNIVERSITY
ASU KarstenGolf Course
Prie
st D
r.
Mill
Ave
.
Rur
al R
d.
SUBJECT
TEMPE ST LUKE’S HOSPITAL
Tenant Overview: General office and mental health counseling.
S O L D
S O L D
- SOLD/LEASED
SUB J E
C T
ENCLAVE ON PRIEST1642 S. PRIEST DRIVE | FOR SALETEMPE, ARIZONA | SINGLE TENANT NNN INVESTMENT www. l eear i zona . com
EXHIBIT 'A• - SITE PlAN
EXHIBIT •s• - LANDLORD'S 'NORK
EXHIBIT 'C'' - SIGN CRn'EHIA
EXHIBITS
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customers- orfOJ loss of property from vfitl'lin motor vehicles, exoept te> ihe ex1.eni caused by the sross negligence or v/Jllful mlscooduct of Landlord.
10.06. Landlord's Right 10- Malla Bepal,s:. If Tenant ne91ec1s, ia�s or refuse� to ma!ntaln- or repair the Premises as required hereunder e.nd to the reasonable satisfaction of L�nd!ord1 as soon as reasona.01)' possible after written c'omand, L..ar,dford may make st..-ch re-pall'$ withOllt li�billly to the Tenant for any I0$8 or damage that ma>• aocn:� to Tenant's merchandise, fixtures or other property or to Tenant's business th,eraof, and upon eom�tioo U'lereof>
Tenant shall pay LanlilO!d's cost for rmking such repairs, plus l\vent�· percGnt (2ll%) ror overhead, uponpresentation of a olll therefore. ·
·r0.07. Santtatlon. Tenant shall provide and matnta1n sanitary ,receptacles approved by Landlord in the Premises In ¼t1ich to plaoe ar.y rtfuse or lras:h, and Tonarrt Shall cause such refuse 01 traih to be removed from the ama as often as required to maintain a sanitary condition, tut in nc event less often than dall�'. Tenant shall sweep asneeded and keep free of refuse the sidewalks and areas Immediately adjacoot 10 the Premises if so directed by Landlord.
10.08. �. (n the event of emerge.nc)' repairs, Tenant grants to \_andlord and/or UJnciio:d'S representatives the right to enter upon the Ptemle0s at any time without prlor notice to Tenant In the event of non-eme,eency repairs, Tenant sh.all permit Landlord Md/or Lar.dlord's repres�ntatives, upoo prior nolice to Tenant cf at leasttwenty-1out (24) hoVl'S, to enter th& Premi$cS at al! times du.ting usual t,,,Jainesr. hours for the purposo of inspecting t,e Premises, making an}' necessar.{ repairs to the Premises and/or J)erfcrming any work on thePremises as requlr� or permlU�:t tter-eln.
10.09. �S 'and Regulf-lfpn9. Tenant agrees to fully comply v,ith the follo•NI� rules and regulaUoos ooncecni�the Premises:
(a) The delivery or shipping of merchandise, suppll,es and lixtures to and from tho Premises sha:11 besubJBct to such rules and rcguJaQons as in the judgment of the U!nd!ord are ooc:es.sary for lhe proper operation ofthe Premises or Project.
(b) All ga1bago and re!uso shafl bo kept in tha kind of conlalner specified by Landlo<d, ana shall boplaced outside of the Premises prepared fer colfecOon in !he marinar and at the times and places speclll¢d byLandlord. If Landlord stlatl provide O'I' designa1e a service for piclcJ119 up refuse and garbage, Tfmanl shall use same at Tenant's cost T&nant sheJI pay the cost or removal of ani; of Tenant's refuse or rubb:sh.
(c) Mo aerlal, sate"te dish, evaporative coclar, or af't,/ other item rec;tiirlt'lg a rQof pere1ratlon shall beerected on the roof or exterior waits -of the Premioos. v. on the gr,::,unds, vAlhC\lt lo each instance, the prior \•iritten consent of the Landlord. Arl}' item so installed w;1nout such Vll'illen consent !hall bs subject to rerno•,al without notice at any time ar Tenant's sole cost and expense. Upon termination of this lease. Tenant sMU be respo."ls.ibls for tho cost of an}' removal and/or repair of any item Installed on the roof and any roof penetrations<:a-:.!$2d by Tetlant or Tenant's representatives, employees. contractors or agents.
(d} No loudspeakers, televisions, phonographs, rad:Os or other devices shall bl! used In a rnanner soas to be heard or SE en Ollt$kte of lh9 Pre mi see vAthout the prlor vff!lten <.'COsent of the Landlord.
(e) The outsrdo areas Immediately adjoining the Prem;ses shill! be kept clean and free from dirt and,ubbish by 1he Tenant to 1he sa,Mac!lon of the Landlord. an<I T•nont shall not place or permr, any obs1ructlor.s or morcl'landtsa in such areas.
(1) Tenant and Tenant's employees shall park their cars only in tt·,ose portions of the parking areadea1gnated for that purpose by Landlord. Tenant shaff furnish Landiord ••lh automoMe license numbers assigned to the automobiles of Tenaru and Te1lanl's emp;oyees witl1in Ova (5) days after taking pos.sessico of the Premises and shall thereafter notify lhe Landlotd of 11ny changes \viihin five (5) days after such changes cocur. In the event thst the Tenant or Its amptoyeas faU to par'� their cars in deslgnat'&d parking area.$ as provided herein, damages will result to Landtor� which Tenant and Landlord agree are extremely dlfilrult and lmpracticel to determine and that lherefore the sum of Ten Dolla,s ($10.00) per day per car parked in any area olhet than 1hosedesignated Is hereby agreed to be liquidated damages resulting therefrom v,nlch Landlord at its option may collect as additional rent due hereunder. /is set forth in Section 9,04' above, Landlord sha!I havo the absolutertgh1, in its sole discretion, to recooflgwe the Common Area parking faei!rti�s or ar,y other parking area at the Pro;ect and to fimit the number and locallon of part<lng spaces designated for use by Tenant or T eoanrs agents, employees, licensees, IO\�tees, oontmctors or 1>a.trons.
(g) The plumbll'Q facilities shan not be usl!d for any other purposo than thal for 1vhlch !hey ore
constructed and no foreign substance- of an;• kind shall be thrown or discarded therein, and the expense of ao�, brealcaga. stoppage or damage resullir.g from a vioJation of this provision shall be bome by Tenant, who shall, or whose employees, agents or invitees st10II have caused it.
(h) T&nant shall use at Tenant's ccs( a reputable pesl extermination cool'rador at reasonableIntervals to prevent an}' infestation.
(i) T e,,ant shall not b';m any trash or gal'.llage of any kind In or about ti\<! Premises or the Project.-0} Landlord ressrves the right from time lo Ume to amend ot supplement lho foregoing r'Oles and
te9ulatlons, a1xl to adopt and promulga(a additional rules and regulaUol'!:$ applicable to ihe Premises. Notice ofsuch rules and regulations and amendmen1s an� $Uppt.mlents ther.ato, ii any, &han be given to the ·renaot.
SECTION 11: LANDLORD'S WORK
SUbject t o Landlord's Work. as set forth in Exhibit "B." attached hereto, Landlord $hall deliver possession of ihe Premises to ienant "as ls" and '\11hore is." Tor1anf:'s taking of possosslcn of th& Premises sh.all te conclwlve evidence of Tenant's receipt of the Premises end of Subslanijal Completion of lhe Premises In gocd and
�_,_.Tenantlnlt1als_,0 __ /
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