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Own For Less Than the Cost of Leasing
Office Property For Sale/Lease8111 East Thomas Road Unit 124 Scottsdale, AZ
• 90-100% Financing Available• Tax Advantages• Build Equity / R.E. Appreciation• Built-in Retirement Plan
Tim DulanySenior Vice President+1 602 222 [email protected]
Amenities
Unit 124 - West Portion of Building C
8111 E Thomas RdSuite 124Scottsdale, AZ
Common
Riser Room
Floor Plan
Kitchen
Storage
Open Space Large Seminar/
Training Room
Conference
Room
Large Reception
AreaOfficeIT/Telco
Office
Office
Existing Layout+2,488 sf
Salient FactsAddress 8111 East Thomas Road, Unit 124, Scottsdale, AZ
Parcel ID APN 131-03-317
Building Size +5,455 square feet
Unit Size +2,488 square feet
Improvements 100% build out - office space or professional services
Year Built 2004; renovated 2020
Availability Building is vacant - ready for occupancy
Asking Price $665,000.00
Also for Lease $19.50 per sf NNN
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BROADWAY RD BROADWAY RD
LOST DUTCHMAN BLVD
SOUTHERN AVE SOUTHERN AVE
APACHE TRSUPERSTITION BLVD
WILLIAMS FIELD RD
RITTENHOUSE RD
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PECOS RD PECOS RD
QUEEN CREEK RD
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SKYLINE DR
CHANDLER HEIGHTS RD
RIGGS RD RIGGS RD COMBS RD
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NARRAMORE RD
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THOMAS RD THOMAS RD
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DEER VALLEY RD DEER VALLEY RD
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UNION HILLS DR
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GREENWAY RD GREENWAY RD
THUNDERBIRD RD THUNDERBIRD RD
CACTUS RDVIA LINDA
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UNIVERSITY DRAPACHE BLVD
MCKELLIPS RD
BROWN RD
HAYDEN RHODES AQUEDUCT
HAYDEN RHODE S AQUEDUCT
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CURRY RD
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LOWER BUCKEYE RD
BASELINE RD
DOBBINS RD GUADALUPE RD
ELLIOT RD ELLIOT RD
WARNER RD
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GERMANN RD
HUNT HWY
GERMANN RD
ESTRELLA DR
SAINT JOHNS RD
BELTLINE RD
BETHANY HOME RD
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GLENDALE AVE INDIAN BEND RD
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Highlights
Purchase Analysis - 8111 East Thomas Road, Unit 124, Scottsdale, ArizonaDate: March 17, 2021Prepared by: Tim Dulany of Colliers Internationalcell/ text: 602-330-4468Email: [email protected] 0% Down-payment - SBA Loan 10% Down Payment - SBA Loan 25% Conventional Loan
8111 East Thomas Road, Scottsdale, Arizona
8111 East Thomas Road, Scottsdale, Arizona
8111 East Thomas Road, Scottsdale, Arizona
Building/ unit square feet 2,488 2,488 2,488Price ASKING PRICE ASKING PRICE OFFERING PRICETotal Cost $665,000.00 $665,000.00 $665,000.00
Loan terms:*100% LTV, 25 yr amort. calc at 4.5% interest, 10 year fixed rate
*90% LTV, 25 yr amort. calc at 3.5% interest, 5 year fixed rate
*75% LTV, 25 yr amort. calc at 3.5% interest, 5 year fixed rate
Down payment $0.00 ($66,500.00) ($166,250.00)loan amount $665,000.00 $598,500.00 $498,750.00Monthly Pmts (P & I only) ($3,329.15) ($2,996.23) ($2,496.86)Annual Payments (P & I only) ($39,949.76) ($35,954.78) ($29,962.32)Annual Cost PSF (NNN) ($16.06) ($14.45) ($12.04)
Add Estimated Expenses and Property Taxes psf (as noted below) ($7.65) ($7.65) ($7.65)Gross Cost to own per square foot (includes operating expenses - see below) ($23.71) ($22.10) ($19.69)
Gross Cost to own per month (includes operating expenses - see below) ($4,915.25) ($4,582.33) ($4,082.96)
Expense Breakdown by itemized Cost:Property Taxes (actual) $4,254.48 $4,254.48 ($1.71 psf)
Insurance (estimated) $696.64 $696.64 $.28 psf (estimated)Electricity (for Lighting, power, and AC service) $4,976.00 $4,976.00 $2.00 psf per year
Office Condo Association Assessment $5,374.08 $5,374.08 $2.16 psf per yearJanitorial Service (estimated) $3,110.00 $3,110.00 $1.25 psf per year (estimated cost)
Budgeted Repairs $622.00 $622.00 $.25 psf per year (estimated)$19,033.20 $19,033.20 $7.65
Property Photos
The Building This building is a part of a planned office and medical condo park commonly known as Thomas and Hayden Office Condominiums. The park has been 100% leased or sold for many years to companies that have been at this location for over 15 years. The building has great signage and ample parking ratio of 5 per 1000. The property was constructed in 2004 of concrete, wood, stucco and stone veneer. Very upscale development located directly off Thomas and Hayden Roads, less than one block west of the Loop 101 in Scottsdale, Arizona.
The Area The city of Scottsdale is located in the northeast portion of the Phoenix-Mesa-Glendale metro area. The local population in the city totals more than 226,000 residents, and is expanding at a pace of over 2 percent annually, faster than the state average as a whole. The city is the seventh largest in Arizona by popula-tion, trailing only Phoenix, Tucson, Mesa, Chandler Gilbert and Glendale. The city is growing at an annual rate of approximately 1.4 percent per year, slightly faster than the statewide pace of expansion.
2020 Population
241,661
2020 Average Household Income
2020 Projected Population
Demographics
$84,739 262,3362020 Median Home Value
$306,970
2390 E Camelback Rd, Ste 100Phoenix, AZ 85016P: +1 602 222 5000colliers.com/arizona
This document/email has been prepared by Colliers for advertising and general information only. Colliers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers and /or its licensor(s). © 2021. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers International AZ, LLC.
Tim DulanySenior Vice President
National Healthcare Services Groupwork: 602 222 5186
cell: [email protected]
