DEVELOPERS & INVESTORS · MINI-STORAGE WAREHOUSES 11294 N. Litchfield Road Price: $1,675,971 ($4.75 PSF) ... The entire project is designed to be fire sprinklered, a fenced yard,

The City of Surprise is one of the fastest growing cities in the United States with 350–400% increase in the last 20 years and projections are to duplicate those numbers through 2040.

Surprise, AZ was honored with the Bronze Award for being one of the top three cities in the entire world by the International Economic Council for Business Retention and Expansion.

This powerful city is certainly pro-active in all commercial and residential areas. Their goal is to do everything possible to make the process of development go as smoothly as possible. The number of residential and commercial projects within 2 miles is overwhelming.

Please review the City of Surprise’s website and you will be motivated to invest, work and live in this wonderful city.

AIMS Brochure Link

Rendering

DEVELOPERS & INVESTORS$$$ FANTASTIC OPPORTUNITY TO REAP EXITING RETURNS $$$

8+ ACRES OF LAND FOR SALE ($4.75 PSF)Incredible Investor Opportunity For Growth & Appreciation

SURPRISE, AZ LAND FORMINI-STORAGE WAREHOUSES11294 N. Litchfield RoadPrice: $1,675,971 ($4.75 PSF)

Approximately 8.10 Acres

84,000 square feet (167 Units)

Pre-approved for building(see Development Highlights)

Zoning (BF) is incredible and offers tenants a substantial numnber of uses (see BF options)

On-Sites Completed Ready to Build!Mini-Storage Warehouses - Office Buildings - Warehouses - Business Park

Calvin WilliamsREALTOR®Commercial Division480-201-5358 [email protected]

Larry KramerREALTOR®

Commercial Division(623) 606-7007

[email protected]

www.larrykramercommercial.com

https://www.surpriseaz.gov/DocumentCenter/View/37006/Surprise-AIMS-Community-Profile?bidId=

DEVELOPMENT/INVESTMENT OPPORTUNITY±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona

Local Map

Northern Ave




[email protected]


DEVELOPMENT/INVESTMENT OPPORTUNITYPrice: $1,675,971 ($4.75 PSF)±8.10 Acres | 11294 N. Litchfield Road – Surprise, Arizona

SITE




[email protected]



SummaryThe PropertySurprise Mini-Warehouses land is an exciting concept that is a winning proposition. It is not your typical Mini-Storage, as the amenities are on par with what is offered by substantially larger warehouses. Units are 500 sf, but can be expanded. Roll up doors are 10’x10’ and doorways of 6.8’x3’. There are individual power meters and HVAC units. The entire project is designed to be fire sprinklered, a fenced yard, security systems and is gated for ingress/egress, as well as a management unit. The zoning (BF) will open the doors to substantially more potential tenants. With all of the amenities, tenants will be drawn to this site and are than more likely will extend their time as tenants.

Location11294 N. Litchfield Road in Surprise, Arizona. Litchfield Road is between Cactus and Peoria Avenues, just North of Northern Parkway.

The subject property is in the Western portion of Metropolitan Phoenix area. The site is surrounded by multiple freeways and major roads that lead throughout the valley. Within minutes is the Marley Park which has a substantial number of residential permits and is building a home every day or two. Within 3 miles, the population is over 80,000 people with an annual income of $62,000-65,000. All types of developments are springing up along this corridor. Within a couple of miles, Microsoft purchased 150 acres of land of build a Data Center.

Rendering




[email protected]



Property SummaryAddress 11294 N. Litchfield Road, Surprise, Arizona

Land Size ±8.10 Acres (±352,836 Square Feet)

Parcel Number 501-39-024R

Lot Dimensions Approximately 1277’± x 275’±

Total Building Area ±84,000 Square Feet (includes 83,500 rentable SF and on-site management office

Units 167 Units; 500 SF each (20’ x 25’) Units can be expanded

Coverage 23.8%

Power Individually metered units with single and 3 phase power capability

Loading 10’ x 10’ roll up doors and 3’ width 6’8” height pedestrian doors

Restrooms Six (6) common area restrooms

Fire Sprinklers Yes

Property Taxes $3,569.00 (2017)

Zoning BP (Business Park), City of Surprise

Features • Located south of the SWC of Litchfield & Cactus Roads• Major street exposure• Minutes to Northern Parkway and Loop 303• Fenced and secured with gated ingress/egress• All utilities within 100” of site• Within the City of Surprise, Arizona• Surrounded by an abundance of new housing• On-site Management Office

Rendering




[email protected]



Development HighlightsThe following items have been completed for the property, to help expedite the development:

1. Concept Meeting with City of Surprise completed and concept approved

2. Alta Survey completed

3. Civil Engineering completed

4. Structural Engineering completed

5. Electrical, Mechanical, Plumbing Engineering completed

6. Architectural and Site Plan completed

7. Soils Report Completed

8. Environmental Site Assessment completed

9. Landscaping Plan completed

10. Site Utility Plan completed

11. Fire Sprinkler Engineering Plan completed

All requirements for pre-permitting plan review have been completed and are ready to be submitted for review to the Plan Review Board of Surprise.




[email protected]



Business Park Zoning ChartBP Zoning Use Matrix

LAND USE GROUP

ZONING DISTRICTS

Permitted Use

Conditional Use

Permit Required

Retail and Service Uses Banks CC, CR, MU, BP CN

Medical Clinic or Laboratory MU, CS, CN, CC, CR, BP

Mobile Vending CC, CR, BP, IP, IG

Wireless Communication Systems All Districts Office Uses Call Center MU, CR, BP

Laboratory—Research and Testing BP, IP, IG

Office CS, MU, CN, CC, CR, BP, IP, IG,

ILM

Office/Warehouse—(Front Office Flex Space) CR, BP, IP, IG, ILM

Public/Quasi-Public Facility Uses

Post Office CS, MU, CN, CC, CR, BP, PF

Utility Equipment Infrastructure All Districts Education, Religious, and Assembly Uses

Places of Worship RL, RM, RH, CR, IP, BP

Athletic or Fitness Club, Commercial Recreation Facilities

RH, MU, CC, CR, C-RS, BP, IP

Athletic or Fitness Club, Commercial Recreation Facilities (Less than 5,000 gross sq. ft. and Indoor

Activities Only)

RL, RM, RH, CS, MU, CN, CC, CR, C-RS, BP, IP, IG

Mixed Use Buildings Retail—Industrial (Retail 10% or less of Gross Floor

Area) BP

Manufacturing and Process Uses Biotechnical—Manufacturing, Processing IG BP, IP

Cabinet or Carpenter Shop, Millwork and Wood Products BP, IP, IG

Computer and Electronic—Manufacturing BP, IP, IG Contractor Facility, including Storage BP, IP, IG

Inside Manufacturing (All processing, fabricating, assembly, or disassembly takes place wholly within an enclosed building. Inside manufacturing use does not include other uses in this article that are specifically

listed)

BP, IP, IG

Machine Shop BP, IP, IG Metal Products—Manufacturing and Fabrication BP, IP, IG

Paper Products—Manufacturing BP, IG Printer—Large Scale BP, IP, IG

Warehousing—Mini BP, IP, IG, CR

Rendering




[email protected]


Welcome to Surprise, Arizona

• Advanced Manufacturing• InnovationandEntrepreneurship• MedicalTravel• SignatureRetail

• Nearly1,750commercialprojectspermittedoverthelast5yearsrepresenting4millionsquare feet of development —These developments represent $600 million of capital investment to the community

• Almost1,300residentialpermitsissuedinFY18nearlydoublingFY17permitnumbers• 1.3MillionSFofCommercialPermitsinFY18(NewConstructionandTI)—291NewCommercialConstructionprojects,750+Commercialprojects,$200MillionCommercialproject total valuations

• LargestWestValleyCityby2040• OneofTopTenSafestCitiesinAZ• Inthetop100fastestgrowingcitiesinthenation• 200+ActiveEDProjects• 40+NewbusinessescalledSurprisehomeinFY18• $90MillioninCommercialInvestmentinCommunityinFY18• $1billioninCommercialdevelopmentinvestmentsinlast5years• 3,000+SingleFamilyResidentialPermitsIssuedinlast5years• 134,085—Population—Say135,000• 35%ofthepopulationisundertheageof29• City’spopulationhasincreasedby400%since2000• $65,898MedianHouseholdIncome• MedianAgeisunder40• 56,000housingunits• 4,200+SurpriseBusinesses• 200,000+SpringTrainingVisitorsAnnually• Surprisehas108SquareMilesofLandArea• Surprisehas309SquareMilesofPlanningArea• Surprise’selevationis1,178feet• RegionalConnectivity—PhoenixSkyHarborAirport,1-10,1-17,Loop101,Loop202,Loop303,

US -60, BNSF Rail Line with ennis Spur Running through our industrial park

Railplex• 350AcresofDevelopableLand• 4CorporateHQ’s—SouthwestProducts• 2InternationalHQ’s—IRISUSA• 5,000LinearFeetofEnnisRailSpur• 4Highwayswithin10Miles• Shovel-ReadyIndustrialSites




[email protected]


AZ TechCelerator• 60,000SFCity-OwnedCampusidealforassistingstartupcompanies• Beehive—Co-workingspacecateringtoSurprise’shomebasedbusinesses• InnovationNetwork—Accesstoavarietyofmentors,investors,industryexpertsandmore• SoftLandingsDesignation—In2018theAZTCbecame1of31DesignatedSitesWorldwide• GlobalConciergeProgram0AZTCisa1stopshopforInternationalCompaniestoenterthe

US Market• EntrepreneurialEcosystem—Abilitytoinnovateinacultureoflike-mindedentrepreneurs

Medical Travel• StrategicFocusonCanadianHealthcareInitiative,InternationalStrategy,Healthcare

Excellence & Complementary Amenities• InternationalStrategy:ForeignDirectInvestment(FDI)strengthensthelocaleconomy• InfluxofYoungFamilies:AsSurprisegrows,youngfamiliescontinuetomovetoSurprise• CanadianSurprise:1,200+CanadianResidentsliveinSurprise• MedicalOfficeInventory:1.6M+SFOfficeSpaceexistsinSurprisewith160,000+SFAvailable• AgingandRetiringPopulation:Retirementcommunitiesattractolderpopulationsthat

require healthcare• HealthcareWorkforce:Educationalcampusesofferarangeofhealthcaretraining

Signature Retail• CityCenter(DowntownDevelopment)—Resort,anchorentertainment• Loop303Development—Mixeduse,familyorientedentertainment• Bell&GrandSuccess:1MillionSquareFeetwithnearly100%Occupancyoverthelast10

years• Demographics:Surprisehasadiversepopulationrangingfromyoungfamiliestoretirees• ExistingInventory:CurrentbusinessesareprovingsuccessisimminentinSurprise• BellRoadTrafficCounts:Consistentlyoneofthebusiestarterialsinthevalley(40,000+

vehicles per day)• GrowingPopulation:Inthenext20yearsSurprisewillbethelargestWestValleyCity(MAG

Socioeconomic Projections)

Employment Corridors• Prasada:futureofficeandmedicalfacilities;1,470+daytimeemployees• CityCenter:FutureSurprisedowntown;2,970+daytimeemployees• Railplex:2squaremilesuburbanindustrialpark;1,490+daytimeemployees

Housing Growth• HeritageFarms—140units—underconstruction• MarleyPark—3,200units—underconstruction• DesertOasis—3,453units—platting• HeritageatAsante—1,566units—platting• Escalante—1,074units-grading




[email protected]



Parcel Map




[email protected]



Parcel Map




[email protected]



Pro Forma DevelopmentSite Size 8.10 AcresBuilding Size 84,000 SFSite Coverage 23.80%

Land Value ($5.25 PSF) $1,852,389

BuildingCosts $2,877,000Utilities(water/sewer/power) $396,378TotalHardCosts $4,637,668Soft Costs $100,000

Total Development Cost $5,225,767Total Cost PSF $62.21

Income/Expense Pro Forma83,500* Square Feet @ $1.25/month $1,252,500*management office not included

Vacancy (20%) ($250,000)Total Receipts $1,002,000

OperatingExpenses@$2.57/sf $216,477NetOperatingIncome $785,523

9%Return $8,728,033LessConstructionCosts $5,225,767

Profit $3,502,266Profit PSF $41.69




[email protected]


Documents

DEVELOPERS & INVESTORS · MINI-STORAGE WAREHOUSES 11294 N. Litchfield Road Price: $1,675,971 ($4.75 PSF) ... The entire project is designed to be fire sprinklered, a fenced yard,