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THUNDERBIRD W E L L N E S S

CENTRE6750-6790 W Thunderbird Rd

Peoria, AZ 85381

INVESTMENT SUMMARY

THE OFFERINGJLL is pleased to offer for sale the fee simple interest in Thunderbird Wellness Centre (the “Property” or “Thunderbird”), a four-building Class A medical office and specialty retail asset totaling 56,190 rentable square feet (“RSF”) located in the affluent and growing northwest Phoenix suburb of Peoria. Completed in 2006 and 2007, Thunderbird is 100% occupied by 13 tenants offering a wide array of specialties including a surgery center, orthopedics, anesthesia and pain management, pediatrics, family medicine, pharmacy, chiropractic and other complementary retail services.

The Property is anchored by Metro Surgery Center, a leading USPI-backed ambulatory surgery center which occupies 20,383 RSF, or 36% of the net rentable area, through May 2025 in the Property’s single-tenant building. Metro Surgery Center is a five-operating room multi-specialty surgery center with over 35 physicians. The remainder of the Property includes three multi-tenant single-story buildings occupied by 12 unique tenants.

Separately, there are two fully-improved development-ready sites zoned for medical or mixed use that total 2.6 acres and allow for approximately 48,000 RSF of buildable space.

56,190Square

Feet

100%Leased

4.6YearsWALT

Top 15MSA

2Thunderbird Wellness Centre |

Thunderbird Wellness Centre is strategically located approximately 20 minutes northwest of Phoenix in the growing submarket of Peoria. The Property sits at the border of the cities of Peoria and Glendale at the northwest corner of 67th Avenue and Thunderbird Road in the center of an upscale neighborhood with an average household income over $108,000 and over 40% of households earning $100,000. The Property is strategically located less than five miles from three of Phoenix’s major hospitals including the Banner Boswell Medical Center, Banner Thunderbird Medical Center and Tenet’s Abrazo Arrowhead Hospital, making it a prime medical destination.

The investment is being offered free and clear of debt with attractive fixed annual rental escalations and 4.6 years of weighted average lease term including a long-term commitment from Metro Surgery Center, a leading USPI-affiliated ambulatory surgery center, through May 2025. This offering is a rare opportunity to acquire a Class A medical office and specialty retail asset in a high demographic location in Phoenix.

Investors should base their offer and price on the “as is, where is” condition of the Property.


Avondale

El Mirage

Gilbert

Glendale

Goodyear

LitchfieldPark

Mesa

ParadiseValley

Peoria

Phoenix

Scottsdale

Surprise

Tempe

Tolleson Phoenix

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Glendale

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Goodyear

Sun CityWest

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Sun City

El Mirage

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Pinnacle PeakEstates III Pinnacle Peak

Heights V-VI

DeerValley

TaliesinWest

ParkviewEstates Currys

Corner

Windsong

Adobe

Cashion

Parque VistaEstates

ShilohCanyon

LalomaRanch

Citrus Hills

WildFlower

KnoellEast

Pinnacle PeakCountry ClubEstates

Fowler

ArrowheadRanch

SweetwaterGarden

Lehi

SweetwaterRanch

Cimarron

Ridgegate

Webb

McQueen

Steeplechase

Villa De Paz

Peterson

Paradise ValleyMiranda

ContinentalVillage

CapriVillage

SuncrestVillas West

WestbrookVillage

The Pointe

SheffieldPlace

DesertWind II

Luke AirForce Base

Villa MonteVista

Desert BellEstates II

PalmasRoyale

LexingtonPlace

McClintockManor

Pinnacle PeakEstates II

LitchfieldJunction

CountryHorizons

County FairWest

ParkviewMesa

PatrickPark

ScottsdaleAirport

Sky HarborInt'l Airport

Deer ValleyAirport

PhoenixGoodyear

Airport

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CENTRE


INVESTMENTHIGHLIGHTS• 100% leased Class A medical office and

specialty retail asset

• Anchored by USPI-affiliated Metro Surgery Center which comprises 36% of the rentable area through May 2025

• High-quality and diverse tenant roster includes a surgery center, orthopedics, anesthesia and pain management, pediatrics, family medicine, pharmacy, chiropractic and numerous other complementary retail services

• Attractive, modern medical office and specialty retail buildings constructed in 2006/2007

• Strategic health and wellness location within five miles of three major Phoenix hospitals - Banner Boswell Medical Center, Banner Thunderbird Medical Center and Abrazo Arrowhead Hospital

• Located on over nine acres within a business park setting with ample parking and excellent accessibility to major roadways and surrounding retail amenities

• Strong demographic area with population growth of over 9% since 2010 and an average household income of $108,000 within a one-mile radius of the Property

• Substantial additional upside through the development of two fully-improved pad-ready vacant parcels totaling 2.6 acres


MARKET OVERVIEWLocated in south central Arizona, the city of Phoenix is the state capital as well as its most populous city. The Phoenix metropolitan area is the 11th largest in the United States and home to over 4.7 million people, a number that has grown by almost 13% since 2010. Phoenix is home to 11 Fortune 1000 companies with a diverse, sustainable economy across financial and business services, wholesale/retail trade, government, education, health services and leisure/hospitality supported by a well-educated labor force. Over 30% of the population holds a bachelor’s degree or higher, driven by the over 300,000 college students studying at the numerous world class colleges and universities including Arizona State University and the University of Arizona. Phoenix offers one of most attractive costs of doing business in the country and is well known for its affordable and high quality of life as well as one of the fastest growing southwestern employment centers.

PROPERTY OVERVIEWThunderbird Wellness Centre is an attractive, modern, Class A medical office and specialty retail complex with 56,190 RSF well-located at the hard corner of Thunderbird Road and 67th Avenue less than five miles from three major Phoenix area hospitals and approximately 20 minutes from downtown Phoenix. The four-building complex was built in 2006/2007 and features attractive single-story construction with stone veneers along with exposed beams and cantilevered roofs. The site has abundant surface parking providing patients and visitors with convenient access and egress.


Contact Information

Daniel TurleyManaging DirectorO: +1 214 438 6374M: +1 212 729 [email protected]

Mindy BermanManaging DirectorO: +1 617 316 6539M: +1 617 899 [email protected]

Brian BacharachManaging DirectorO: +1 214 438 6462M: +1 214 476 [email protected]

Steve LeathersManaging DirectorO: +1 212 812 5867M: +1 949 922 [email protected]

Justin HillExecutive Vice PresidentM: +1 419 973 [email protected]

Vasili DavosVice PresidentO: +1 214 438 6151 M: +1 617 784 [email protected]

Brannan KnottVice PresidentO: +1 617 316 6508M: +1 443 983 [email protected]

Anthony SardoAssociateO: +1 617 531 4198M: +1 978 337 [email protected]

Local Market Representative

Katie McIntyreSenior AssociateO: +1 602 282 6357M: +1 602 538 [email protected] E. Camelback RoadSuite 400Phoenix Arizona 85016


CENTRE6750-6790 W Thunderbird Rd

Peoria, AZ 85381

Debt quotes are available upon request

Daniel TurleyManaging DirectorO: +1 214 438 6374M: +1 212 729 [email protected]

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