±3,145 SF to 6,290 SF Office for Lease

Smoketree Plaza

2971 WILLOW CREEK ROAD | PRESCOTT AZ 86301Buildings 3 and 4Investment Sales and Leasing

Prime Location in the Path of GrowthStrong Vehicle & Customer TrafficSignalized IntersectionMonument Signage

Property Details

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Sandra Shaffer 928.899.3111 sandy@investSW.com I Mary Jo Kirk, CCIM 928.710.4045 mj@investSW.comExclusive Representation

Buildings 3 and 4Property Details_____________________________________________

Price $16/sf/yr NNNNNN $4.23 sf/yr Size ±6,290 SFCan be Split ±3,145 SF Parcel 106-21-011JFull Site Area .59 AcresYear Built 2005Construction Architectural BlockZoning BG PADParking 66 On-SiteCo-Tenants Russ Lyon Sotheby’s

Fairway MortgageBayada Nursing

State Farm Insurance

Smoketree Plaza is located at the signaled intersection of Smoketree Lane and Willow Creek Road, a main north/southcommuter artery through the busy medical and retail corridor from the airport to the downtown area. There is denseresidential, new housing developments and tremendous growth in the immediate area.

Flexible Uses Currently improved as office with 8 private offices, conference room, break room, several storageand flex rooms with open work areas that can also accommodate office cubicles. This highly visible location isalso ideally suited for retail and service uses.

Heavy Traffic Corridor ±27,155 - 31,100 Vehicles per Day.

Excellent Parking Off-street parking in the front and the rear of the building with 2 points of full ingress and egress, one ofwhich is to the signal on Smoketree Lane and Willow Creek Road.

Monument Signage Prominent monument signage is available on Willow Creek Road.

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Floor Plan

±6,290 SF______________________________________________________________________________________________________________________________________________________8 Private OfficesArea for 15 Cubicles Conference RoomBreak Room3 ADA Restrooms

5 Storage RoomsTelecomJanitor ClosetCopy/Mail Room Fire Riser Room

Site Plan

4The project consists of 5 adjacent buildings with entrances and parking in the front and rear.

Rear Entrance

Full Ingress and EgressOn-Site Parking Front and Rear

Location

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Location

Nestled between the Bradshaw Mountains and the grasslands of the Central Arizona Highlands, the City of Prescott is in thecenter of the state at a mile-high elevation, a near perfect 4-season climate.

Located 90 miles northwest of Phoenix, Prescott is easily accessible through a number of major thoroughfares, including Arizona Highways69, 89, 89A and 169. Interstate 17, which is ± 36 miles southeast of the community, can be reached via Arizona Highway 69 or 169.Additionally Interstate 40 can be accessed via Highway 89, just 50 miles north of Prescott. The Prescott Regional Airport, is 7 miles fromdowntown Prescott with flights to Los Angeles and Denver, and 96 miles from Phoenix Sky Harbor International Airport to the south.

Flagstaff 90 miles

Phoenix 102 miles

Tucson 213 miles

Las Vegas 252 miles

San Diego 373 miles

Los Angeles 379 miles

Albuquerque 400 miles

Path of Growth

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Smoketree Plaza is in the path of growth for the city of Prescottnow and in the future.

Planned housing developments will add ±15,290 new single familyhomes and over ±400 apartments less than 5 miles north ofSmoketree Plaza. Multiple commercial projects including retail,restaurants and medical facilities, to include a new hospital, arealso planned just north of the property.

Along with new residents there will be new employers andincreased traffic from the expanding Prescott Regional Airport.A brand new terminal is scheduled to open in the first quarter of2021, expanding the capabilities and air traffic of the secondbusiest airport in the state.

Willow Creek Road is one of the major access road to Prescottproper from Pioneer Parkway (State Route 89A) which connectsthe growing communities of Prescott Valley, Chino Valley andPaulden creating even greater traffic flow north and south on thealready busy corridor.

The subject property is uniquely positioned to take advantage ofthe growth being realized by the entire Quad-City area.

Market Overview

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Arizona Business__________________________

#1 in the nation for Entrepreneurial Activity

4.9% corporate income tax among the lowest in the nation

300 sunny days per year

#2 in the nation in unemployment insurance tax.

Arizona has among the lowest corporate and individual income tax rates in the nation, lowering the cost of doing business.

Source: Arizona Commerce Authoritywww.azcommerce.com

Arizona’s Economy has been booming with more people choosing the state than nearly anywhere in the country including a highlyeducated labor force and strong net-worth retirees. Arizona ranked third in the nation in percentage growth rate in 2019, according toestimates by the US Census Bureau, only Texas and Florida added more residents. Arizona increased by more than 120,000 residentsfrom 2018 to 2019, a growth rate of nearly 1.7 percent, outpacing states like Utah (1.662), Texas (1.283), Washington (1.210),Colorado (1.185), Oregon (0.857) and New Mexico (0.195).

Yavapai County is near the center of the state and is one of the four original Arizona counties created by the 1st Arizona TerritorialLegislature. It is larger than three U.S. states (Rhode Island, Delaware and Connecticut) and the District of Columbia combined. By 2017Census Bureau Estimates placed the population of Yavapai County at 228,168. This represented a 24.2% growth in the population since 2000.

The Prescott MSA houses ±82,500 residents within the combined tri-city limits of Prescott, Prescott Valley and Chino Valley with a populationbase of approximately ±145,000. The City of Prescott is the County Seat with a trade area of approximately ±220,000, the majority of thoseliving within a 10 mile radius of downtown Prescott. The city’s growth has been steady at about 4% per year for the past decade and is expectedto continue at that rate with an estimated five year market growth projected at 16.2% within a 30 mile radius.

Prescott settled into a strong pace of economic recovery following the 2008 recession. The retail service area extends 50 miles from the center ofPrescott. Many residents in outlying areas travel to Prescott for medical services, employment, entertainment, government offices and shopping.Approximately 500,000 visit overnight each year. Those visitors include a growing number of people from the Phoenix area, who make the 90 minutetrip during the summer to escape the desert heat, as well as the fall and winter visitors looking to take advantage of the year round mild and sunnyclimate. Population gains, which are running more than twice the national average thanks to positive net migration.

As illustrated here Prescott’s job growth has lead the state. The future of Arizona is bright and Prescott is one of its shining stars.

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Non-Farm Gain/Loss by Region. Source: Office of Economic Opportunity in collaboration with the US Dept.of Labor’s Bureau of Labor Statistics; 2016 Current Employment Statistics

students, 2-year Bachelor of Arts) is thelargest, followed by Embry RiddleAeronautical University (5,000 students,4-year Aviation) with Prescott College,named as a College of Distinction (900students, 4-year Liberal Arts). YavapaiCollege alone contributes approximately$140 million dollars to the local economy.

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The robust City of Prescott, “Everybody’s Hometown”, continuesto be one of the fastest growing communities in the nation as it remainsone of the most popular areas to relocate. The town maintains a quaint,Old West feel with its historic Whiskey Row, boutique restaurants andshops while promoting art, culture, and music. Prescott’s CourthousePlaza has been honored as one of the Top Ten Public Spaces in the U.S.by the distinguished American Planning Association. Expedia recentlynamed Prescott one of the “Coolest Downtowns in North America”. Aneasy trip from Phoenix, it’s only 100 miles away but feels completelydifferent. It has a four-season climate, thanks to its mile-high locationin Prescott National Forest, the largest stand of Ponderosa Pines in theworld. The surrounding National Forest holds countless opportunitiesfor hikers, cyclists, equestrians and campers with a network of morethan 450 miles of trails winding through the city and into the adjacentNational Forest. In addition there are five scenic lakes, 15 lighted baseballfields and softball diamonds, 16 municipal parks and six open-spacenature preserves as well as Prescott’s own zoo.

The Prescott Regional Airport (PRC) continues to expand as animportant economic development catalyst for the Prescott region withthe offering of commercial air service and availability of nearby landzoned for manufacturing operation and distribution. In terms of generalaviation operations, Prescott is the fifth busiest Airport in the nationand second in Arizona with daily passenger service through UnitedAirlines to Los Angeles and Denver. As of October 2018 the PRC createda total economic impact of $160.3 million annually supporting 1,366jobs with wages of $53.9 million. A new terminal is currently underconstruction with estimated opening in the first quarter of 2021.

As the center for trade in the region, Prescott enjoys major employerssuch as Yavapai College, Yavapai Regional Medical Center, VeteransAdministration Medical Center, Prescott College, Sturm Ruger, Ester-Cand Cobham Connectivity. Approximately 13,000 students attend threehigher education campuses located in Prescott. Yavapai College (7,000 Prescott’s Historic Whiskey Row on the Courthouse Square

Prescott Overview

Prescott Industry_________________________________________ Count ShareEducation, health care & social assistance 4,537 31.2%Arts, entertainment, food & recreation services 1,893 13.0%Professional, scientific, & administrative services 1,751 12.1%Retail trade 1,592 11.0%Public administration 916 6.3%Finance, insurance & real estate 739 5.1%Construction 721 5.0%Other services, except public administration 712 4.9%Transportation, warehousing, & utilities 653 4.5%Manufacturing 552 3.8%Information 203 1.4%Wholesale trade 200 1.4%Agriculture, forestry, fishing, hunting, & mining 53 0.4%

Prescott Workforce Education_________________________________________ Count ShareLess than high school 1,882 5.9%High school or equivalent, no college 5,354 16.7%Some college or Associate degree 12,387 38.5%Bachelor’s degree or advanced degree 12,519 38.9%

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Sandra Shaffer 928.899.3111 sandy@investSW.com I Mary Jo Kirk, CCIM 928.710.4045 mj@investSW.comExclusive Representation

The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representationabout it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not representthe current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors.You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Investment Sales and Leasing