owner/user or the venue scottsdale spaces. with …...scottsdale - live, learn, work & play....
TRANSCRIPT
Owner/User or Redevelopment Opportunity
The Venue Scottsdale7117 3rd Ave, Scottsdale, AZ
www.andreadaviscre.com 480.225.0838 [email protected]
Located in the heart of Old Town Scottsdale, The Venue Scottsdale is a one of
a kind event and entertainment venue featuring nine unique and flexible event
spaces. With two beautiful rooftop lounges overlooking Scottsdale and the
surrounding mountains. It is the only venue in Scottsdale with a retractable roof
offering an event setting like no other.
• 38,000 SF free standing building• 2 stories with a grand, open venue space • 1 large rooftop lounge and bar +/- 3,000 SF • 1 smaller rooftop lounge +/- 700 SF • 9 unique and flexible event spaces for all sized groups • Large built-in stage with plug and play technology
• Audio/ visual capabilities including premium audio, video production and lighting
• Full-service kitchen and walk-in coolers • Retractable roof over the Main Courtyard • Additional office space and retail space
Building Overview
Address: 7117 3rd Ave, Scottsdale, AZParking: Onsite surface parkingLot size: 1.10 acres 47,916 SFLand Use: C-2 D0Property Use Type: Multi-purposeYear Built: 1995APN/ Parcel ID: 173-50-034
A Rare Find!
Site Summary
www.andreadaviscre.com 480.225.0838 [email protected]
INVOKE YOUR IMAGINATION!
Adjacent to the Main Courtyard, can be used as an exclusive
event space or in conjunction with the Main Courtyard. It has
a signature built-in bar, billiards tables, flat screen TVs and an
electric fireplace for ambiance.
VirtueVice Bar sits on two floors. A very chic, elegant atmosphere
welcomes guests with ample lounge seating. A large semi-circular
bar with natural lighting opens to a patio. Perfect for enjoying
the vibes of Old Town Scottsdale. The second-floor loft bar
has an open-air feel with a large balcony and views of the
surrounding neighborhood. It accesses the rooftop
observation deck.
The grand red velvet ballroom, located on The Venue’s second
floor, overlooks the Main Courtyard. This space features elegant
chandeliers, rich wood and stone, private restrooms and a
dedicated bar. It’s a great choice for a private event. Open
the accordion patio doors for a birdseye view of the Main
Courtyard stage.
The Venue ScottsdaleProminently located in the heart of Old Town Scottsdale,
The Venue Scottsdale is a ONE OF A KIND event and
entertainment venue. It features 9 unique and flexible event
spaces with 2 beautiful rooftop lounges overlooking Old Town
and majestic Camelback Mountain.
The facility is equipped with numerous bars, a full-service kitchen,
offices, and separate retail spaces. The main courtyard includes
a grandiose granite bar adorned with a leaf canopy. The magical
setting suggests a Wild West experience like Tombstone, a
medieval journey like King Arthur and a fantasy adventure like
The Hobbit.
The center stage area has audio/visual capabilities, including
premium audio and video production equipment, and lighting
with plug-and-play technology. Intricate stone, wood, and
wrought iron combine to form a truly incredible setting to
create an experience remembered.
The high ceiling features the retractable roof which displays the
beautiful blue Arizona sky or a star filled night. This large room
can host bands, theatrical acts, weddings, banquets, business
events, parties and any number of entertainment options.
www.andreadaviscre.com 480.225.0838 [email protected]
INVOKE YOUR IMAGINATION!
Adjacent to the Main Courtyard, can be used as an exclusive
event space or in conjunction with the Main Courtyard. It has
a signature built-in bar, billiards tables, flat screen TVs and an
electric fireplace for ambiance.
VirtueVice Bar sits on two floors. A very chic, elegant atmosphere
welcomes guests with ample lounge seating. A large semi-circular
bar with natural lighting opens to a patio. Perfect for enjoying
the vibes of Old Town Scottsdale. The second-floor loft bar
has an open-air feel with a large balcony and views of the
surrounding neighborhood. It accesses the rooftop
observation deck.
The grand red velvet ballroom, located on The Venue’s second
floor, overlooks the Main Courtyard. This space features elegant
chandeliers, rich wood and stone, private restrooms and a
dedicated bar. It’s a great choice for a private event. Open
the accordion patio doors for a birdseye view of the Main
Courtyard stage.
The Venue ScottsdaleProminently located in the heart of Old Town Scottsdale,
The Venue Scottsdale is a ONE OF A KIND event and
entertainment venue. It features 9 unique and flexible event
spaces with 2 beautiful rooftop lounges overlooking Old Town
and majestic Camelback Mountain.
The facility is equipped with numerous bars, a full-service kitchen,
offices, and separate retail spaces. The main courtyard includes
a grandiose granite bar adorned with a leaf canopy. The magical
setting suggests a Wild West experience like Tombstone, a
medieval journey like King Arthur and a fantasy adventure like
The Hobbit.
The center stage area has audio/visual capabilities, including
premium audio and video production equipment, and lighting
with plug-and-play technology. Intricate stone, wood, and
wrought iron combine to form a truly incredible setting to
create an experience remembered.
The high ceiling features the retractable roof which displays the
beautiful blue Arizona sky or a star filled night. This large room
can host bands, theatrical acts, weddings, banquets, business
events, parties and any number of entertainment options.
www.andreadaviscre.com 480.225.0838 [email protected]
ScottsdaleOld Town Scottsdale, continuously evolving and growing, is recognized as a worldwide holiday destination location renowned for its eclectic collection of:
• Shops and art galleries featuring local and national artists.• Scottsdale Fashion Plaza Mall a national destination.• Hotels to accommodate all budgets. • Foodie dining experiences with acclaimed chefs. • Extensive Nightlife and Entertainment District from Art Walks, Nightclubs,
Bars, Bowling, Movie Theatres and more.• Nearby sporting events and Casinos. • Daytime activities include golfing, Odyssey Aquarium and Butterfly World,
go-carts, Papago Park, the Phoenix Zoo and Botanical Gardens. • Seasonal notable events such as Spring Training, Scottsdale Canal
Convergence to name a few.
Old Town Scottsdale and the surrounding areas are considered the New Urban Residential location with many options for high-rise upscale living to low-rise tech savvy condos.
Scottsdale - live, learn, work & play.
Points of interest:• Fashion Square • 167+ Restaurants and bars within 2 miles • 79,205 hotel rooms • 9 Million annual visitors • 299 Average days of sunshine • Loop 101: Less than 1 mile• Scottsdale Community College: 1 mile
• Sky Harbor Airport: 9 miles • 182,519 Annual Spring Training
Visitors to Scottsdale Stadium • Scottsdale anticipates 16,904 people
in the next 5 years. 7.0%• Indian Bend Wash Greenbelt
(4 miles long): 1/2 mile
Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
Just some of Scottsdales Local businesses...
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MIL
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DRINKWATER BLVD
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INDIAN SCHOOL ROADINDIAN SCHOOL ROAD
CAMELBACK ROADCAMELBACK ROAD
SECOND STREETSECOND STREET
Ranked best cityto live an active
lifestyle andlaunch a startup
Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
Top 10 reasons talent and companies are choosing Scottsdale
The average age in Downtown Scottsdale is
31
DowntownScottsdale
has an
87% walkability score 56%
of DowntownScottsdale residentshave an associatedegree or higher
Scottsdaleis the TOPcommunity
in Arizona forinvestmentactivity25%
of all Arizonaventure capital
investment in 2015was in Scottsdale
companies
Lower costof living.$55k-$65k in
Scottsdale willgive you the samequality of life, as if you make $100k
living in New York, San Francisco, or Washington, DC
Over 7,000bike trails and350 miles ofbike lanes
in Scottsdale
Ranked #1place to
raise children
Top100best communitiesfor young people
DEMOGRAPHICSStretching 31 miles from north to south, the Scottsdale area encompasses 184.5
square miles. As one of Arizona’s ten largest cities, the City of Scottsdale holds a
population of more than 231,000.
A key characteristic of the local population is the concentration of middle aged
residents, with a median age of 47. The population boasts comparatively
high-earnings, with an average household income of $113,000.
Scottsdale is slated to increase by 16,904 people in the next 5 years. 7.0%
ECONOMY/EMPLOYMENTScottsdale is one of Arizona’s leading job centers. The diverse economy is built
on medical research, high-tech innovation, tourism and corporate headquarters.
Scottsdale is home to nearly 18,000 businesses, supplying over 150,000 jobs
where more than 20% of Arizona corporate headquarters are located.
In 2016, Forbes ranked Scottsdale No. 3 in the country for growth in information economy.
The Scottsdale Airpark is one of the largest employment centers in Arizona with:• More than 2,900 businesses • 51,000 employees • Over 2 million SF of commercial space
The Loop 101 Corridor offers access to a workforce of nearly half a million within
a 30-minute commute and transportation links include a world-class municipal
aviation airport. Prestigious business headquarters locations in the western United
States include GoDaddy, Taser, JDA Software, Magellan Health, Nautilus Insurance,
Quicken Loans, and regional operations for CVS Health and Vanguard.
The “Cure Corridor boasts the city’s health care and biotech industry clusters.
These medical leaders focus on innovative research and treatments that place
Scottsdale at the forefront of a number of medical breakthroughs. The City of
Scottsdale is home to:
• 13% of all Metro area bio-life sciences employment
• Mayo Clinic
• Honor Health to name a few
Old Town Scottsdale is home to corporate users include YELP, McKesson and
Weebly. Technology companies and young professionals value the area because it
provides a mix of:
• Specialty retail • Legendary nightlife
• Art galleries • Public art and cultural attractions
• Dining to suit every taste
ASU Scottsdale’s Innovation Center, SkySong, sports a global business
community linking technology, research, education and entrepreneurship. This 42-acre
mixed-use development will eventually house 1.2 million square feet of commercial space
with on-site luxury residential apartments and retail/ restaurant offerings.
COMMUTE/TRANSPORTATION Scottsdale is accessible by two freeways, Loop 101 and Loop 202.
Valley Metro operates express bus routes as well as local bus routes.
A free trolley serves the Scottsdale community.
Scooters and bikes are readily available for rent.
Scottsdale is near:
• The heart of the Greater Phoenix metropolitan area.
• Minutes from Sky Harbor International Airport, offering easy access to
more than 80 domestic locations and 21 international destinations.
• Close to California, Texas and Mexico, Scottsdale is a strategic location
to a massive customer base within a few hours of travel.
www.andreadaviscre.com 480.225.0838 [email protected]
DEMOGRAPHICSStretching 31 miles from north to south, the Scottsdale area encompasses 184.5
square miles. As one of Arizona’s ten largest cities, the City of Scottsdale holds a
population of more than 231,000.
A key characteristic of the local population is the concentration of middle aged
residents, with a median age of 47. The population boasts comparatively
high-earnings, with an average household income of $113,000.
Scottsdale is slated to increase by 16,904 people in the next 5 years. 7.0%
ECONOMY/EMPLOYMENTScottsdale is one of Arizona’s leading job centers. The diverse economy is built
on medical research, high-tech innovation, tourism and corporate headquarters.
Scottsdale is home to nearly 18,000 businesses, supplying over 150,000 jobs
where more than 20% of Arizona corporate headquarters are located.
In 2016, Forbes ranked Scottsdale No. 3 in the country for growth in information economy.
The Scottsdale Airpark is one of the largest employment centers in Arizona with:• More than 2,900 businesses • 51,000 employees • Over 2 million SF of commercial space
The Loop 101 Corridor offers access to a workforce of nearly half a million within
a 30-minute commute and transportation links include a world-class municipal
aviation airport. Prestigious business headquarters locations in the western United
States include GoDaddy, Taser, JDA Software, Magellan Health, Nautilus Insurance,
Quicken Loans, and regional operations for CVS Health and Vanguard.
The “Cure Corridor boasts the city’s health care and biotech industry clusters.
These medical leaders focus on innovative research and treatments that place
Scottsdale at the forefront of a number of medical breakthroughs. The City of
Scottsdale is home to:
• 13% of all Metro area bio-life sciences employment
• Mayo Clinic
• Honor Health to name a few
Old Town Scottsdale is home to corporate users include YELP, McKesson and
Weebly. Technology companies and young professionals value the area because it
provides a mix of:
• Specialty retail • Legendary nightlife
• Art galleries • Public art and cultural attractions
• Dining to suit every taste
ASU Scottsdale’s Innovation Center, SkySong, sports a global business
community linking technology, research, education and entrepreneurship. This 42-acre
mixed-use development will eventually house 1.2 million square feet of commercial space
with on-site luxury residential apartments and retail/ restaurant offerings.
COMMUTE/TRANSPORTATION Scottsdale is accessible by two freeways, Loop 101 and Loop 202.
Valley Metro operates express bus routes as well as local bus routes.
A free trolley serves the Scottsdale community.
Scooters and bikes are readily available for rent.
Scottsdale is near:
• The heart of the Greater Phoenix metropolitan area.
• Minutes from Sky Harbor International Airport, offering easy access to
more than 80 domestic locations and 21 international destinations.
• Close to California, Texas and Mexico, Scottsdale is a strategic location
to a massive customer base within a few hours of travel.
DEMOGRAPHICSStretching 31 miles from north to south, the Scottsdale area encompasses 184.5
square miles. As one of Arizona’s ten largest cities, the City of Scottsdale holds a
population of more than 231,000.
A key characteristic of the local population is the concentration of middle aged
residents, with a median age of 47. The population boasts comparatively
high-earnings, with an average household income of $113,000.
Scottsdale is slated to increase by 16,904 people in the next 5 years. 7.0%
ECONOMY/EMPLOYMENTScottsdale is one of Arizona’s leading job centers. The diverse economy is built
on medical research, high-tech innovation, tourism and corporate headquarters.
Scottsdale is home to nearly 18,000 businesses, supplying over 150,000 jobs
where more than 20% of Arizona corporate headquarters are located.
In 2016, Forbes ranked Scottsdale No. 3 in the country for growth in information economy.
The Scottsdale Airpark is one of the largest employment centers in Arizona with:• More than 2,900 businesses • 51,000 employees • Over 2 million SF of commercial space
The Loop 101 Corridor offers access to a workforce of nearly half a million within
a 30-minute commute and transportation links include a world-class municipal
www.andreadaviscre.com 480.225.0838 [email protected]
aviation airport. Prestigious business headquarters locations in the western United
States include GoDaddy, Taser, JDA Software, Magellan Health, Nautilus Insurance,
Quicken Loans, and regional operations for CVS Health and Vanguard.
The “Cure Corridor boasts the city’s health care and biotech industry clusters.
These medical leaders focus on innovative research and treatments that place
Scottsdale at the forefront of a number of medical breakthroughs. The City of
Scottsdale is home to:
• 13% of all Metro area bio-life sciences employment
• Mayo Clinic
• Honor Health to name a few
Old Town Scottsdale is home to corporate users include YELP, McKesson and
Weebly. Technology companies and young professionals value the area because it
provides a mix of:
• Specialty retail • Legendary nightlife
• Art galleries • Public art and cultural attractions
• Dining to suit every taste
ASU Scottsdale’s Innovation Center, SkySong, sports a global business
Scottsdale Future Growth 2016 2021 GrowthPopulation 87,083 92,432 +6.14%
Households 40,198 42,635 +6.06%
Avg. HH Income 87,083 92,432 +8.78%
community linking technology, research, education and entrepreneurship. This 42-acre
mixed-use development will eventually house 1.2 million square feet of commercial space
with on-site luxury residential apartments and retail/ restaurant offerings.
COMMUTE/TRANSPORTATION Scottsdale is accessible by two freeways, Loop 101 and Loop 202.
Valley Metro operates express bus routes as well as local bus routes.
A free trolley serves the Scottsdale community.
Scooters and bikes are readily available for rent.
Scottsdale is near:
• The heart of the Greater Phoenix metropolitan area.
• Minutes from Sky Harbor International Airport, offering easy access to
more than 80 domestic locations and 21 international destinations.
• Close to California, Texas and Mexico, Scottsdale is a strategic location
to a massive customer base within a few hours of travel.
Ranked in TIME’s “Best 50 Places to Live 2016”
Scottsdale is the only Arizona city to capture the recognition.
DEMOGRAPHICSStretching 31 miles from north to south, the Scottsdale area encompasses 184.5
square miles. As one of Arizona’s ten largest cities, the City of Scottsdale holds a
population of more than 231,000.
A key characteristic of the local population is the concentration of middle aged
residents, with a median age of 47. The population boasts comparatively
high-earnings, with an average household income of $113,000.
Scottsdale is slated to increase by 16,904 people in the next 5 years. 7.0%
ECONOMY/EMPLOYMENTScottsdale is one of Arizona’s leading job centers. The diverse economy is built
on medical research, high-tech innovation, tourism and corporate headquarters.
Scottsdale is home to nearly 18,000 businesses, supplying over 150,000 jobs
where more than 20% of Arizona corporate headquarters are located.
In 2016, Forbes ranked Scottsdale No. 3 in the country for growth in information economy.
The Scottsdale Airpark is one of the largest employment centers in Arizona with:• More than 2,900 businesses • 51,000 employees • Over 2 million SF of commercial space
The Loop 101 Corridor offers access to a workforce of nearly half a million within
a 30-minute commute and transportation links include a world-class municipal
aviation airport. Prestigious business headquarters locations in the western United
States include GoDaddy, Taser, JDA Software, Magellan Health, Nautilus Insurance,
Quicken Loans, and regional operations for CVS Health and Vanguard.
The “Cure Corridor boasts the city’s health care and biotech industry clusters.
These medical leaders focus on innovative research and treatments that place
Scottsdale at the forefront of a number of medical breakthroughs. The City of
Scottsdale is home to:
• 13% of all Metro area bio-life sciences employment
• Mayo Clinic
• Honor Health to name a few
Old Town Scottsdale is home to corporate users include YELP, McKesson and
Weebly. Technology companies and young professionals value the area because it
provides a mix of:
• Specialty retail • Legendary nightlife
• Art galleries • Public art and cultural attractions
• Dining to suit every taste
ASU Scottsdale’s Innovation Center, SkySong, sports a global business
community linking technology, research, education and entrepreneurship. This 42-acre
mixed-use development will eventually house 1.2 million square feet of commercial space
with on-site luxury residential apartments and retail/ restaurant offerings.
COMMUTE/TRANSPORTATION Scottsdale is accessible by two freeways, Loop 101 and Loop 202.
Valley Metro operates express bus routes as well as local bus routes.
A free trolley serves the Scottsdale community.
Scooters and bikes are readily available for rent.
Scottsdale is near:
• The heart of the Greater Phoenix metropolitan area.
• Minutes from Sky Harbor International Airport, offering easy access to
more than 80 domestic locations and 21 international destinations.
• Close to California, Texas and Mexico, Scottsdale is a strategic location
to a massive customer base within a few hours of travel.
Average Tech Salaries
60,000 SF @200SF/PersonEQUALS 300 PEOPLE
AVG SALARY X HEADCOUNT = TOTAL SALARY COST
Real Estate CostsCLASS A RENTS - PER YEAR
Total10 YEAR SALARY COST+ REAL ESTATE COSTS
$89K
$89K x 300
$26.7M
$267M + $2.1M
$28.8M
60,000 SF @ $35 PSF Gross
$2.1M
SCOTTSDALE
$105K
$105K x 300
$31.5M
$31.5M + $2.4M
$33.9M
60,000 SF @ $40 PSF Gross
$2.4M
LOS ANGELES
$118K
$118K x 300
$35.4M
$35.4M + $42M
$39.6M
60,000 SF @ $70 PSF Gross
$4.2M
SAN FRANCISCOVS
Scottsdale Business Differentiators
Choosing Scottsdale will save $5.1M - $10.8Min combined labor and real estate costs over a 10-year period
www.andreadaviscre.com 480.225.0838 [email protected]
< VIRTUEVICE Level One
VIRTUEVICE >Level Two
ROOF TOP DECK > OBSERVATION DECK >
www.andreadaviscre.com 480.225.0838 [email protected]
Property Size: 47,916 SFCurrent Zoning: C-2 DOPotential Zoning: D/DMU-2 PBD DOBase Height: 66’Bonus Height: (less than 100,000 SF): 78’+6’=84’Base FAR: 1.4Bonus FAR: 3.0Density: 50 du/ac or greater with PBD
Potential Redevelopment Zoning
www.andreadaviscre.com
480.225.0838
DISCLAIMERThis projection is based on assumptions reflecting a certain set of conditions. However, some assumptions inevitably will not materi-alize and unanticipated events and circumstances may occur; therefore, actual results achieved may vary from our estimates, and the variation may be material. ADCRE extends no guarantees and makes no warranties, expressed or implied, with respect to this projection. In that regard, neither ADCRE nor any affiliate, employ-ee, officer, director, shareholder, or agent thereof, shall have any liability whatsoever arising from this projection or the actual results achieved.
The information and opinion contained herein are furnished as a real estate brokerage service by ADCRE based upon comparative market data. It is not an appraisal.
ADCRE is not an MAI qualified appraiser, nor is it qualified or authorized to give legal or tax advice in regard to any proposed transaction. If you desire such advice, you are encouraged to consult with a professional appraiser, attorney and/or accountant.