7202 e. carefree drive, carefree, az 85331 · additional photos carefree business center 7202 e....

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North Bay Commercial Real Estate • 100 Stony Point Road Suite 250 • Santa Rosa, 95401 • nbcre.com Dale Dockins, CCIM 707.521.3500 x302 [email protected] OFFERING SUMMARY Sale Price: $2,650,000 Cap Rate: 6.84% NOI: $181,338 Lot Size: 1.1 Acres Year Built: 2002 Building Size: 13,349 Zoning: Office Market: Phoenix North Submarket: Carefree Price / SF: $198.52 Very unique property contains three separate buildings in top Carefree location. Anchor tenants National Bank of Arizona and First American Title. Newer roofs with warranty and covered parking. Rents have adjusted to the market so there will be future upside in rents. There are 10 tenants. Adjacent to Carefree Marketplace - Bashas' Market and ACE Hardware PROPERTY OVERVIEW EXECUTIVE SUMMARY CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale

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Page 1: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

OFFERING SUMMARY

Sale Price: $2,650,000

Cap Rate: 6.84%

NOI: $181,338

Lot Size: 1.1 Acres

Year Built: 2002

Building Size: 13,349

Zoning: Office

Market: Phoenix North

Submarket: Carefree

Price / SF: $198.52

Very unique property contains three separate buildings in top Carefreelocation. Anchor tenants National Bank of Arizona and First American Title.Newer roofs with warranty and covered parking. Rents have adjusted to themarket so there will be future upside in rents. There are 10 tenants.

Adjacent to Carefree Marketplace - Bashas' Market and ACE Hardware

PROPERTY OVERVIEW

EXECUTIVE SUMMARY CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 2: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

Page 3: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

RETAILER MAP CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 4: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

LOCATION MAPS CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

Page 5: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

DEMOGRAPHICS MAP CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]

POPULATION 1 MILE 5 MILES 10 MILESTotal population 1,097 24,248 83,252

Median age 58.8 52.6 45.9

Median age (male) 59.7 52.9 46.1

Median age (Female) 58.6 52.8 45.8

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILESTotal households 527 10,374 33,216

# of persons per HH 2.1 2.3 2.5

Average HH income $154,268 $133,855 $131,885

Average house value $731,564 $689,221 $599,956

ETHNICITY (%) 1 MILE 5 MILES 10 MILESHispanic 0.8% 4.0% 5.1%

RACE (%)White 98.7% 96.6% 94.1%

Black 0.0% 0.5% 1.1%

Asian 0.6% 1.1% 2.7%

Hawaiian 0.0% 0.0% 0.0%

American Indian 0.0% 0.1% 0.1%

Other 0.5% 0.9% 1.0%

* Demographic data derived from 2010 US Census

Page 6: 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 · ADDITIONAL PHOTOS CAREFREE BUSINESS CENTER 7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331 Office Building For Sale North Bay Commercial Real

DISCLAIMER CAREFREE BUSINESS CENTER

7202 E. CAREFREE DRIVE, CAREFREE, AZ 85331Office Building For Sale

N o r t h B a y C o m m e r c i a l R e a l E s t a t e • 1 0 0 S t o n y P o i n t R o a d S u i t e 2 5 0 • S a n t a R o s a , 9 5 4 0 1 • n b c r e . c o m

Dale Dockins, CCIM707.521.3500 [email protected]