exclusive listing residential development … · all dimensions, sizes and figures are approximate....
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THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED BY THE BROKER. ALL DIMENSIONS, SIZES AND FIGURES ARE APPROXIMATE. THE PROPERTY IS SUBJECT TO PRIOR SALE, PRICE CHANGE OR WITHDRAWAL.
8141 E Indian Bend Rd, Suite 103Scottsdale AZ 85250Tel: (480) 443-8570Fax: (480) 443-3736www.westland-properties.com
EXCLUSIVE LISTINGRESIDENTIAL DEVELOPMENT OPPORTUNITY
136th ST & VIA LINDA | SCOTTSDALE, ARIZONA
LOCATION Site is located at the Southwest corner of 136th St & Via Linda, Scottsdale,Arizona
NUMBER OF ACRES ±8.5 Gross / ±5.54 Net Useable*
CONCEPTUAL USES 48 Townhome Units | 5.65 DUA (Kimley Horn Concept Plan attached)
4 Additional Conceptual Site Plans attached (from 36-72 Units)
CURRENT ZONING C-O ESL, C-1 ESL / City of Scottsdale(See attached Aerial for Zoning Boundaries)
SUGGESTED PRICE $5,100,000 | $106,250/Conceptual Townhome Unit
SUGGESTED TERMS Cash. 60-day Feasibility Period with a close of escrow 30-days followingRezoning and Site Plan approval with the City of Scottsdale
UTILITIES WaterSewerElectric
City of ScottsdaleCity of ScottsdaleArizona Public Service
CONTACT Grant D. Helgeson, Don McCaulWestland Properties Group
COMMENTS This is an excellent, well-located East Shea Corridor infill parcel adjacentto the Mayo Clinic with Mountain and City Light views. Site is close toschools, shopping, hiking, golf and churches. 2017 Annual Taxesestimated at $43,758 as Vacant Parcels.
* See attached Slope Analysis for approximate Net useable acreage basedon NAOS requirements.
Via Linda
136t
h St
E Via Linda
N 1
36th
St
Con
nect
ing
Roa
d
E Via Linda
N13
6th
St
Imagery ©2017 , DigitalGlobe, U.S. Geological Survey
DEVELOPMENT OPPORTUNITY±8.5 GROSS ACRES | ZONED C-O ESL, C-1 ESL136th ST & VIA LINDASCOTTSDALE, ARIZONA
8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com
WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149
Don McCaul, Broker - Direct: (480) 675-5144
Via Linda
136t
h St
C-1 ESL
C-O ESL
E Via Linda
N 1
36th
St
Con
nect
ing
Roa
d
E Via Linda
N13
6th
St
Imagery ©2017 , DigitalGlobe, U.S. Geological Survey
DEVELOPMENT OPPORTUNITY±8.5 GROSS ACRES | ZONED C-O ESL, C-1 ESL136th ST & VIA LINDASCOTTSDALE, ARIZONA
8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com
WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149
Don McCaul, Broker - Direct: (480) 675-5144
Via Linda
136t
h St
Cactus Rd
124t
h St
Mountain View Rd
E Shea Blvd
N Frank Lloyd Wright Blvd
E Via Linda
E Shea Blvd
Mayo Clinic
Whisper Ridge
KCI
BASIS
Mee
Sienna Hills
Beaufort
Azin
Sunrise TrailBerg
Rancho Terrasina
Bahia
Buszmen
Stuart
Ungaro
Welnick
McDowell Mtn
Estates at 128thKCI114 Sweilem
Rios
Reckell
Emerald Hills Ranch
Schwartz
Flynn
Colgen
Ronan
Huerta
Scottsdale
Cochise Manor
Lopeslo
Scottsdale Mtn Villas
FNBN
S Development
Ordjanian
Mirage Crossing
Fulp
Horrocks
PatelCordovana IrvingBidar
Coven DevcorLopopolo
Ziggy Z
Deswest
Sandoval
Mergens
DeAcetis
Feldman
Hamdan
Forum Capital
Reynolds
Imagery ©2017 , DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency
DEVELOPMENT OPPORTUNITY±8.5 GROSS ACRES | ZONED C-O ESL, C-1 ESL136th ST & VIA LINDASCOTTSDALE, ARIZONA
8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com
WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149
Don McCaul, Broker - Direct: (480) 675-5144
V I A L I N D A a n d 1 3 6 t h S T R E E TScottsdale, Arizona
Developer: CBR Group, llc.A U G U S T , 1 9 , 2 0 1 3
1Conceptual S i te Pl anConceptual S i te Pl an
S ingle Fa mily At tached
24
68
10
14
16
34
RETENTION 18
2022
24
26
2830
32
RETENTION12
40 3638
0’ 30’ 60’ 120’
GATED
ACCESS
GUEST
PARKING
GUEST
PARKING
COMMUNITY
AMENITY / POOL
SHARED DRIVEWAY
SHARED DRIVEWAY
EMERGENCY
VEHICLE TURN-
AROUND
SCENIC CORRIDOR(MIN. SETBACK)
SCENIC WASH
CORRIDOR
WASH
CORRIDOR
WASH
CORRIDOR
DE
SE
RT
SC
EN
IC R
OA
DW
AY
(40
’ SE
TB
AC
K)
PATH CONNECTION TO
FUTURE VIA LINA SIDEWALK
SIDE WALK
(AVG. SETBACK)
DIMENSIONED BUILDING, TYP.
Buildings set back 150’ from Via Linda centerline to conform to second-story setback requirements.
Westerly wash determined to qualify for modifications--existing flows to be re-routed through site and retained as necessary.
Retention ponds provided for on-site 100-year stormwater retention.
Central wash corridor to remain to the extent possible without disturbance for NAOS, and aesthetic purposes. Some encroachment may be necessary to retain pads for proposed improvements--Further study necessary.
Scenic Corridor wash (SE Corner) to be protected. Buildings shall be set back from the wash’s top of bank--to be determined by COS. Further study necessary.
A.
B.
C.
D.
E.
GENERAL ASSUMPTIONS:
Buildings set back 40’ from eastern property boundary to conform to Desert Scenic Roadway requirements. (Note: Five additional feet may be necessary per previous zoning case.)
Emergency vehicle turn-around provided to ensure units 25-28 are serviceable for first response units.
Centrally-located Community Amenity.
Guest Parking
Approx. 1,500sf Community building: Men’s/Women’s Bathrooms, Central “Great Room”, Storage, etc.
Approx. 75’x25’ pool with infinity-edge toward distant valley views.
F.
G.
H.
•
•
•
Meyers Index Rating
SITE REPORT
11440 N 136th St, Scottsdale AZ 85259, USA
Prepared by Ben Sanchez at Westland Properties Group
ARIZONA
59111440 N 136th St, Scottsdale AZ 85259, USA33.5888N -111.7889W
1
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Parcel Details
2
PARCEL CHARACTERISTICS
APN
21720002ELot Size
338,200 sq ft
Zoning
COMMERCIAL OFFICELot Size
7.76 acres
Land Use
COMMERCIAL ACREAGE
LAST RECORDED CLOSING
Date
Mar. 09, 2014Sale Price
$3,015,000Lot Price per sq ft
$8.91
OWNER INFORMATION
NameKCI 136 INVESTMENTS LLC
Address7339 E EVANS RD #201, SCOTTSDALE AZ, 85260
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Economy
3
Phoenix-Mesa-Scottsdale CBSA Metro Area
JOB GROWTH year-over-year
Feb. 2019 Job Growth:
64,300new jobs
2019 Job Forecast:
69,403new jobs
2015
-230,900
173,175
-173,175
115,450
-115,450
57,725
-57,7250
1999
2011
2020
F19
9520
0719
9120
03
UNEMPLOYMENT RATE
Jan. 2019 Unemployment:
4.4%Unemployment 2019 Forecast:
3.6%
2000
4.0
8.0
12.0
2.0
6.0
10.0
0.0
2020
F19
9020
10
Maricopa County
JOB GROWTHyear-over-year
Feb. 2019 Job Growth:
73,334new jobs
2019 Job Forecast:
66,980new jobs
1995
169,320
-169,320
56,440
-56,440
-225,760
112,880
-112,880
0
2007
1977
1989
2001
2013
2020
F19
7119
83
TOP EMPLOYERS # employees
Banner Health 9,996
American Express 7,269
Honeywell 6,265
Dignity Health 5,570
Bank Of America 5,086
ANNUAL JOB GROWTH BY SECTOR
TTU
12,660
8,440
21,100
4,220
16,880
0NRMPBSOMIHGFEHCON
EMPLOYMENT BY SECTOR
Trade, Transport & Utilities (TTU)
19.0%
Professional & Business Services (PBS)
17.3%
Other (O)3.1%
Natural Resource Mining (NRM)
0.1%
Manufacturing (M)6.2%
Information (I)1.8%
Hospitality (H)11.0%
Government (G)10.6%
Finance (F)9.2%
Education & Health (EH)
15.4%
Construction (CON)6.3%
OFFICE ABSORPTION
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Community
4
Zip Code 85259
HOUSEHOLD INCOME
2019E Median Household Incomes:
$112,778
2019E
101,000
113,625
126,250
138,875
63,125
75,750
88,375
2000 2024F
POPULATION BY AGE
2019E Median Age:
50year 2month
85+
3,994.0
998.5
4,992.5
1,997.0
2,995.5
0.0
75 to
84
65 to
74
55 to
64
45 to
54
35 to
44
25 to
34
15 to
24
Under 15
POPULATION GROWTH
2019E Population Growth:
0.57%2024F Population Growth:
1.31%
2024F
21,620
23,500
25,380
20,680
22,560
24,440
19,7402019E20102000
ETHNICITY
Others1.0%
Two Plus2.5%
American Indian0.5%
Pacific Islander0.1%
Asian5.1%
Black1.3%
White84.3%
Hispanic5.3%
HOUSEHOLD GROWTH
2019E Household Growth:
0.74%2024F Household Growth:
1.34%
2024F
8,460
10,340
8,930
10,810
9,400
7,990
9,870
2019E20102000
SCHOOLS score
Anasazi Elementary School 9/10
Mountainside Middle School 9/10
Scottsdale Unified School District -
Desert Mountain High School 8/10
CRIME RATE per 1,000 people 85259 Arizona
Total Crime Rate:
13.79 34.23Violent Crime Rate:
0.42 5.08Property Rate:
13.37 29.15
WALKABILITY
Walk Score: 18/100
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Supply
5
Maricopa County
PERMITS last twelve months
Feb. 2019 Total Residential Permits:
20,853 Single-family Multifamily
2004
28,830
57,660
14,415
43,245
72,075
020161988 2000 20121984 1996 2008 20181980 1992
NUMBER OF LISTINGS
Feb. 2019 # of Listings:
22,184listings
2019
CM
20,080
22,590
25,100
27,610
21,335
23,845
26,355
2018
2017
2016
2015
2014
2013
DAYS ON MARKET
Jan. 2019 Days on Market:
71days
2014
60
120
75
90
45
105
2019
CM20
10
City of Scottsdale
PERMITS last twelve months
Feb. 2019 Total Residential Permits:
1,099 Single-family Multifamily
2018
2,675
2,140
1,605
1,070
535
0201820172016201520142013201220112010200920082007200620052004
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Supply
6
Sold Out ProjectUpcoming ProjectActive ProjectNEARBY PROJECTS
PROJECTNO BUILDER UNIT SIZE TYPE
Whisper Ridge/Enclave CalAtlantic Homes 2919-3748 Detached1 $727,400 - $923,9351111111111111111111111111111
Rancho Terrasina Toll Brothers 4517-5550 Detached2 $1,079,995 - $1,189,995222222222222222222222222222222222222222222222
Whisper Ridge CalAtlantic Homes 2195-4625 Detached3 $889,900 - $1,317,76133333333333333333333333333333333333333333333333333
Fusion at Sunrise Trail K. Hovnanian Homes 1935-4024 Detached4 $529,990 - $740,9904444444444444444444444444444444444444444444444444444
Sienna Hills Scottsdale Blandford Homes 3719-5245 Detached5 $950,900 - $1,075,90055555555555555555555555555555555555555555555
PRICE RANGE
Montacino McDowell Mountain Dick Lloyd Homes 2421-3039 Detached6 -6666666666666666666666666666666666666666666666666
Sienna Hills/Ph 2 Blandford Homes - Detached7 -7777777777777777777777777
Adero Canyon Toll Brothers 2994-4737 Detached8 $924,995 - $1,164,995888888888888888888888888888888888888888888888888888
Adero Canyon/TH (Ph II) Toll Brothers 1800-3000 Attached9 -99999999999999999999999999
Adero Canyon/60s (Ph II) Toll Brothers 2400-3000 Attached10 -10101011010101010101010101001000100101001000
Adero Canyon/100s (Ph II) Toll Brothers 3200-4700 Detached11 -111111111111111111111111111111111111111111
Summit at Crestview Mandalay Homes 2665-4115 Detached12 $642,725 - $956,2681212121212121211212121222121212121221212212121212122121221221212122122222122222121
Adero Villas Camelot Homes 2552-2745 Attached13 $778,900 - $783,9001313131313131313131313313313131313131313131333313333331333133313331133
Overlook at Firerock Toll Brothers 1669-3613 Attached14 $621,995 - $772,955141414144141414141414141414141414141414141414144414414414444444414444444444414444414
Enclave at Fountain Hills Golden Heritage Homes 1505-1847 Attached15 $322,900 - $409,90015151515151515151515151555151515151515151515155151515151515151555515551555151511551555
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Sales
7
Maricopa County
Total Home Closings last twelve months
Feb. 2019 Total Home Closings:
112,448Feb. 2019 Total Existing Closings:
97,973Feb. 2019 Total New Closings:
14,475
2010
46,470
92,940
139,410
185,880
232,350
02008 2019LTM20062004 20162002 20142000 2012
Tota
l Hom
e Sa
les
City of Scottsdale
Total Home Closings last twelve months
Feb. 2019 Total Home Closings:
10,272Feb. 2019 Total Existing Closings:
9,750Feb. 2019 Total New Closings:
522
2010
12,870
8,580
21,450
4,290
17,160
02008 2019LTM20062004 20162002 20142000 2012
Tota
l Hom
e Sa
les
85259 Zip Code
Total Home Closings last twelve months
Feb. 2019 Total Home Closings:
645Feb. 2019 Total Existing Closings:
619Feb. 2019 Total New Closings:
26
2010
1,460
365
1,825
730
1,095
02008 2019LTM20062004 20162002 20142000 2012
Tota
l Hom
e Sa
les
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Prices
8
City Of Scottsdale
CLOSING HOME PRICE
Feb. 2019 Median Detached New:
$702,441Feb. 2019 Median Detached Existing:
$549,940
2010
1,320,960
1,100,800
880,640
660,480
440,320
220,160
02008 2019LTM20062004 20162002 20142000 2012
85259 Zip Code
CLOSING HOME PRICE
Feb. 2019 Median SFD New:
$1,006,618Feb. 2019 Median SFD Existing:
$655,250
2010
437,000
874,000
1,311,000
218,500
655,500
1,092,500
1,529,500
2008 2019LTM20062004 20162002 20142000 2012
DETACHED AFFORDABILITY
New Existing
2011
60
15
75
30
45
0
2016
2006
2018
CLOSINGS BY PRICE RANGE last twelve months
New Existing
1.3M-3.
4M
200
120
40
160
80
0
1.2M-1.
3M
1M-1.
2M
840K
-1M
680K
-840K
520K
-680K
360K
-520K
200K
-360K
40K-20
0K
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019 Distress
9
City of Scottsdale
HOUSING TRANSACTION VOLUME BY TYPE last twelve months
New Existing Foreclosure Sale Foreclosure NOD
2019LTM
4,960
9,920
2,480
7,440
12,400
02018201720162015
NOTICES OF DEFAULT & FORECLOSURES last twelve months
Feb. 2019 Total Foreclosures:
117Feb. 2019 Notices of Default:
991
2010
8,225
6,580
4,935
3,290
1,645
02008 2019LTM20062004 20162002 20142000 2012
85259 Zip Code
NOTICES OF DEFAULT & FORECLOSURES last twelve months
Feb. 2019 Total Foreclosures:
13Feb. 2019 Notices of Default:
97
2010
575
460
345
230
115
02008 2019LTM20062004 20162002 20142000 2012
11440 N 136th St, Scottsdale AZ 85259, USA, Apr. 02, 2019
10
DEFINITIONS AND METHODOLOGY
All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, CBRE- EA, Nielsen Claritas, Public Record Data, Moody’s Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes.
AbbreviationsAVG - AverageC - CurrentCBSA - Core Based Statistical AreaCHG - ChangeCM - Current Month E - Estimated
F - ForecastL3M - Last 3 Months LTM - Last 12 MonthsP - PartialYTD - Year To DateYOY - Year Over Year
is a proprietary index that produces a score ranging from 0 to 1,000 for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability.
Meyers Index
measures the walkability of a zip code from 0 - 100 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at https://www.walkscore.com/methodology.shtml.
Walk Score
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Contact [email protected](858) 381-4390Score ranges:
0-49 - car dependent area50-69 - somewhat walkable90-100 - daily errands do not require a car.