4625-4631 N 12th Ave. Phoenix, AZ 85013 - Offering Memorandum
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4625-4631 N 12th Ave. Phoenix, AZ 85013
GERCHICK REAL ESTATE Offering Memorandum
www.JustSoldIt.com
MULTIFAMILY
602-688-9279
4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
OFFERING MEMORANDUM
6 Unit
3 … Investment Highlights
12 … Financial Analysis
16 … Comparable Properties
20 … Submarket Overview
26 … Phoenix Market Overview
31 … Disclaimer & Confidentiality
32 … Contact Information
2
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
2 Linda@JustSoldIt.com
4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
6 Unit
Investment
Highlights
3
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
3 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
THE OFFERING
PRICE: $1,700,000
DOWN PAYMENT: 25% $425,000
PRICE PER UNIT: $283,333
PRICE PER SQUARE FOOT: $302
STABILIZED CAP RATE: 3.92%
GROSS RENT MULTIPLIER: 18.82
6 Unit 7-YEAR HOLD IRR: 10.60%
4625-4631 N 12th
Ave.
Phoenix, AZ 85013
NUMBER OF UNITS: 6 PROPOSED NEW LOAN
LOAN TYPE: Residential
YEAR BUILT: 1961 LOAN AMOUNT: $1,273,500
YEAR RENOVATED: 2021 INTEREST RATE: 3.5%
AMORTIZATION (YEARS): 30
LOT SIZE: 18,200 sq. ft.
ANNUAL DEBT SERVICE: $68,623
DEBT RATIO COVERAGE: 0.97
NET RENTABLE AREA: 5,624 sq. ft.
NET CASH FLOW AFTER DEBT SERVICE: $6,073
AVERAGE UNIT SIZE: 1,875 sq. ft.
4
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
4 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
ABOUT THE ASSET
The finishing remodel is being done now
and is being done while this property is fully
occupied with paying tenants.
Over 100k per building spent so far and the
owner is not done yet! Ceiling fans in all
bedrooms and living areas. New Dual Pane INVESTMENT HIGHLIGHTS
Windows. EXTENSIVE new • New Exterior Doors
landscaping. Exterior painting to come. • New Dual Pane Windows
Much more. Buyer to verify all facts and • New 2 inch wood Faux Blinds
figures. • New Ceiling Fans in all rooms
• New MASSIVE Landscape installed
• New Exterior Painting
• New Coin Operated Laundry Lease
• New Interior Laundry Rooms
5
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
5 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
Street view of the
property. Large
front area.
6
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
6 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
UNIT FEATURES
• New Exterior Doors
• New Dual Pane Windows
• New 2 inch wood Faux Blinds
• New Ceiling Fans in all rooms
• New Exterior Painting
COMMUNITY AMENITIES
• New MASSIVE Landscape installed
• New Coin Operated Laundry Lease
• New Interior Laundry Rooms
7
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
7 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
8
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
8 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
OVERVIEW CONSTRUCTION
NUMBER OF BUILDINGS: 2 FOUNDATION: Block Concrete
NUMBER OF STORIES: 1 FRAMING: Masonry
LAUNDRY: Coin Operated Washers & Dryers EXTERIOR: Painted
PARKING: 8 ROOF: Composite Shingle
PARKING SURFACE: Concrete
ZONING MECHANICAL
ZONING: R-3 LANDSCAPING: Desert Landscaping
NUMBER OF PARCELS: 2 TOPOGRAPHY: Flat
TAX PARCEL NUMBER(S): 155-43-186-A 155-43-187-A HVAC: Individually Metered – Heat Pump
PARCEL SIZE: 18,200 sq. ft. ELECTRICITY: Individually Metered
2020 ASSESSED PROPERTY TAX: $2,697 WATER/SEWER: Master Metered - City of Phoenix
GAS: None
9
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
9 Linda@JustSoldIt.com
4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
Property
Location Map
10
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
10 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Investment Highlights
THE NEIGHBORHOOD
This area is walkable to do errands on foot as well as bikeable
shopping. Nearby parks include Tawa Park, Lyceum Park and Kids
Street Park. The local elementary school is Osborn Middle school and
is located within two blocks of the property. Walkable employment is
nearby.
• AMENITIES
There is bikeable infrastructure nearby.
• ENTERTAINMENT VENUES
Movie Theatres and Parks allow families to enjoy the area. Close
to schools as well.
• TRANSPORTATION
This property is not only close to the I-17 Freeway but steps from
the Phoenix Bus transportation. There is the 7th Ave and
Camelback-Park and Ride the Light Rail. Additionally, blocks from
the Phoenix Light Rail with a ten-minute walk. Car sharing is
available form RelayRides as well.
11
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
11 Linda@JustSoldIt.com4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
6 Unit
Financial
Analysis
12
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
12 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Financial Analysis
UNIT MIX SUMMARY
UNIT MIX OVERVIEW CURRENT STATS
2 BR / 2 BA 5 912 4,532 $5,755 $1.27 $5,755
3 BR / 2 BA 1 1,092 1,092 $1,695 $1.55 $1,695
6 5,624 Monthly Rent: $7,450
Annualized Rents: $89,400
13
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
13 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Financial Analysis
INCOME & EXPENSE SUMMARY
INCOME STABILIZED PER UNIT
Gross Potential Rent $90,240 $15,040
Vacancy Loss (3%) ($2,707) ($451)
NET RENTAL INCOME $87,533 $14,588
Other Income $650 $108
EFFECTIVE GROSS INCOME $88,183 $14,697
EXPENSES PRO FORMA PER UNIT
Real Estate Taxes $2,697 $450
Insurance $3,165 $528
Utilities $3,544 $591
Repairs & Maintenance $3,978 $663
Management Fee (8%) $7,055 $1,176
Contract Services $1,200 $200
TOTAL EXPENSES $21,639 $3,607
Expenses Per Square Foot $3.85 $0.64 (total SF)
NET OPERATING INCOME $66,544 $11,091
% of Return on Asset 3.92%
14
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
14 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Financial Analysis
7-YEAR HOLD MODEL
INCOME YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 RESIDUAL
GROSS POTENTIAL RENT $90,240 $92,947 $95,736 $98,608 $101,566 $104,613 $107,751 $110,984
Vacancy Loss ($2,707) ($2,788) ($2,872) ($2,958) ($3,047) ($3,138) ($3,233) ($3,330)
NET RENTAL INCOME $87,533 $90,159 $92,864 $95,649 $98,519 $101,475 $104,519 $107,654
Other Income $650 $660 $670 $680 $690 $700 $711 $721
EFFECTIVE GROSS INCOME $88,183 $90,819 $93,533 $96,329 $99,209 $102,175 $105,229 $108,376
EXPENSES
Real Estate Taxes $2,697 $2,737 $2,779 $2,820 $2,862 $2,905 $2,949 $2,993
Insurance $3,165 $3,212 $3,261 $3,310 $3,359 $3,410 $3,461 $3,513
Utilities $3,544 $3,597 $3,651 $3,706 $3,761 $3,818 $3,875 $3,933
Repairs & Maintenance $3,978 $4,038 $4,098 $4,160 $4,222 $4,285 $4,350 $4,415
Contract Services $1,200 $1,218 $1,236 $1,255 $1,274 $1,293 $1,312 $1,332
Management Fee $7,055 $7,265 $7,483 $7,706 $7,937 $8,174 $8,418 $8,670
TOTAL EXPENSES $21,639 $22,068 $22,507 $22,957 $23,416 $23,885 $24,365 $24,856
Expenses Per Square Foot $3.85 $3.92 $4.00 $4.08 $4.16 $4.25 $4.33 $4.42
% of Return on Asset 3.92% 4.05% 4.18% 4.32% 4.46% 4.61% 4.76%
NET OPERATING INCOME $66,544 $68,750 $71,026 $73,373 $75,793 $78,290 $80,864
Interest $44,182 $43,314 $42,413 $41,481 $40,516 $39,516 $38,481
Principal $24,441 $25,309 $26,210 $27,142 $28,107 $29,107 $30,142
DEBT SERVICE $68,623 $68,623 $68,623 $68,623 $68,623 $68,623 $68,623
Debt Service Coverage Ratio 0.97 1.00 1.04 1.07 1.10 1.14 1.18
CASH FLOW AFTER DEBT SERVICE $6,073 $8,038 $9,425 $10,853 $12,326 $13,843 $14,788
Cash-on-Cash Return 1.31% 1.74% 2.04% 2.35% 2.66% 2.99% 3.20%
15
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
15 Linda@JustSoldIt.com4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
6 Unit
Comparable
Properties
16
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
16 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Comparables
COMPARABLE SALES
4625-4331 N 12th Ave: $283,333
325 W Colter St: $275,000
1150 E Orange St: $265,000
PER UNIT:
1017-1021 E McKinley St: $211,250
Averages: $258,646 per unit
0 $60,000 $120,000 $180,000 $240,000 $300,000
17
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
17 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Comparables
COMPARABLE SALES
THIS PROPERTY COMP 1 COMP 2 COMP 3
6 Unit 8 Unit 7 Unit 8 Unit
Address: 4625-4631 N 12th Ave. Address: 325 W Colter St Address: 1150 E Orange St Address: 1017-1021 E McKinley
Phoenix, AZ 85013 Phoenix, AZ 85013 Tempe, AZ 85281 Phoenix, AZ 85006
PROPERTY / SALE DESCRIPTION
Units 6 8 7 8
Year Built 1961 1961 1962 1984
Sale Date Active Active 5/12/2021 5/20/2021
Unit Size (Avg. SF) 912 850 756 481
Price $1,700,000 $2,200,000 $1,855,000 $1,690,000
Price Per Unit $283,333 $275,000 $265,000 $211,250
Lender N/A N/A N/A N/A
Loan Amount N/A N/A N/A N/A
Loan-to-Value N/A N/A N/A N/A
NUMBER OF UNITS
Studio 0 Studio 0 Studio 0 Studio 0
1BR/1BA 0 1BR/1BA 0 1BR/1BA 6 1BR/1BA 8
2BR/2BA 5 2BR/1BA 8 2BR/1BA 1 2BR/2BA 0
3BR/2BA 1 3BR/2BA 0 3BR/1BA 0 3BR/1BA 0
18
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
18 Linda@JustSoldIt.com4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
6 Unit
Submarket
Overview
19
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
19 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Submarket Overview
PRIME LOCATION
Located less than two miles northwest of Phoenix's most
prestigious employment hotspot, the Innovation Corridor. As a
point of pride for the area, the corridor is comprised of midtown
and downtown Phoenix, and boasts more than ±171,000
employees across ±1,700 businesses. The property is also
positioned approximately two miles southwest of Christown
Spectrum Mall - an iconic Phoenix retail center featuring Harkins
Theaters, Walmart, and Target.
20
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
20 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Submarket Overview
CENTRAL PHOENIX
Central City Village is the urban village of Phoenix, Arizona, that includes the Because of its location at the historic center of Phoenix, there are many old
downtown area of the city. As of 2010, it had a population of 58,161 residents. homes and buildings located in the Central City Village that convey the history
of Phoenix Downtown, which includes the larger commercial and government
As defined by the boundaries, Central City Village has an area of roughly 10
buildings as well as sports venues such as Talking Stick Arena and Chase
square miles. This includes not only Downtown, but the close vicinity and the
Field, which is the core of the village and the city of Phoenix.
Sky Harbor area east. The village is bounded by McDowell and the Grand
Canal to the north and northeast, the Salt River to the south, and the 1:17 to
the west.
21
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
21 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Submarket Overview
MINUTES FROM THE PROPERTY
• Walmart-Shopping and Employment Center
• St Joseph’s Medical Center
• Christown Spectrum Mall
• Light Rail – Walkable
• I-17 Freeway
• Elementary School
• Restaurants
• Grocery Stores
• Retail Shopping
• Downtown Phoenix
• Entertainment Venues
22
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
22 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Submarket Overview
DOWNTOWN PHOENIX
Vibrant Downtown Phoenix is a business and entertainment district, with shopping at
the CityScape Phoenix complex and art galleries on Roosevelt Row. Brewpubs,
cocktail bars, cafes, pizzerias and breakfast spots cluster around Arizona State
University campus. The Arizona Science Center and Children’s Museum of Phoenix
include hands-on exhibits. Chase Field baseball park is home to the Arizona
Diamondbacks.
MIDTOWN & CENTRAL PHOENIX
A mostly residential area of ranch-style houses, Midtown is anchored by a small cluster of
shiny office buildings and 2 premier art institutions. Phoenix Art Museum has a vast
collection of European and American works, spanning centuries, while the Heard Museum
displays a huge trove of American Indian art and hosts festivals. Broadway revivals and
emerging playwrights are showcased at the Phoenix Theatre Company.
The Central Avenue Corridor is a significant stretch of north-south Central Avenue, in
Phoenix, Arizona. Roughly bounded by Camelback Road to its north, and McDowell Road
to its south, this is one of Phoenix's most vital and heavily trafficked stretches of roadway.
23
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
23 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Submarket Overview
HEALTHCARE
There are 52 hospitals in the Phoenix metropolitan area.
Access to great healthcare is important, and Phoenix offers some excellent healthcare
options across the city and its suburbs.
From hospitals that specialize in cancer to centers that offer the best heart healthcare
in the state, good healthcare is not hard to find in Phoenix.
RETAIL ACCESS
Located near the property are Target, Christown Spectrum, Walmart
Supercenter and Walgreens.
Within walking distance is the grocery store El Rancho, but the major stores
are here as well. Safeway, Fry’s Grocery Store to name a few.
24
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
24 Linda@JustSoldIt.com4625-4631 N 12th Ave.
Phoenix, AZ 85013 $1,700,000
6 Unit
Phoenix
Market
Overview
25
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
25 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Phoenix Market Overview
A FOUNDATION FOR
ECONOMIC GROWTH
• Highly Diversified Economy and Employment Base
• Top Western Market for Job Growth
• Strategic Location Between Major Trade Hubs
• Expanding Infrastructure Attracts Companies to the Valley
• Affordable Quality of Life Drives Robust Migration to
Phoenix
• Accelerating Multifamily Demand
• ASU as Catalyst for Investment
26
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
26 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Phoenix Market Overview
TOP-TIER UNIVERSITIES
Arizona State University Downtown
Phoenix campus is one of four campuses
of Arizona State University. It is commonly
referred to as ASU Downtown. The
campus, distinguished by its name, is in the
downtown area of Phoenix, Arizona. It is
classified among "R2: Doctoral Universities
– High research activity"
ACCOLADES FOR ARIZONA STATE UNIVERSITY
#1 Most Innovative #5 Criminology #1 Homeland #9 Best First-Year #2 Supply Chain & #10 Best
School Five Graduate Security & Experiences Logistics Undergraduate
Years in a Row Program Emergency Program Teaching
Management
Program SOURCES: Arizona Board of Regents & U.S. News & World Report
27
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
27 Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Phoenix Market Overview
GROWING PHOENIX
INFRASTRUCTURE
Valley Metro Rail is a 28.2-mile light rail serving the cities of
Phoenix, Tempe, and Mesa. The network, which is part of the
Valley Metro public transit system, began operations in 2008.
This is considered the 14th busiest light rail in the country.
The system has undergone two expansions, with at lest five
more scheduled, including the Tempe Streetcar(2021). The
extensions planned into West Phoenix and South Phoenix
(2024 and under construction) to Baseline Road are underway
and have already been funded.
28
Linda Gerchick, CCIM / Designated Broker
28 28 602-688-9279
GERCHICK REAL ESTATE Linda@JustSoldIt.com4625-4631 N 12th Ave. $1,700,000
Phoenix, AZ 85013 Phoenix Market Overview
ACCESS TO MAJOR TRADE HUBS
Three major consumer markets on the Southwest including Los
Angeles, Phoenix and Houston are connected by the I-10.
Heightened interstate movement of goods through out the
Southwest has resulted in major manufacturing distribution and
logistic firms making investments along the I-10, specifically in
Metro Phoenix a smart move.
HIGHWAY TRAVEL TIMES FROM PHOENIX
CITY MILES HOURS
Tucson 125 1.75
Las Vegas 285 5.25
Inland Empire 310 4.10
San Diego 350 4.75
El Paso 400 6.00
Albuquerque 475 6.25
Salt Lake City 635 11.00
Bay Area 750 12.00
Dallas 1,120 15.00
Houston 1,185 17.50
SOURCE: Greater Phoenix Economic Council
29
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
29 Linda@JustSoldIt.comAFFILIATED BUSINESS DISCLAIMER
DISCLOSURE This memorandum contains select information pertaining to the advisors, and carefully investigate the economics of this transaction
REP Holdings, LLC aka Gerchick Real Property and the Owner and does not purport to be all-inclusive or and property’s suitability for your needs. ANY RELIANCE ON THE
Estate is owned solely by Linda Gerchick. contain all the information which prospective investors may require CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN
While Gerchick Real Estate operates solely to evaluate the purchase of the Property. The information contained RISK.
as a stand-alone entity, it may operate with herein has been obtained from sources believed to be reliable, but The Owner expressly reserves the right, at its sole discretion, to
other related entities (each an “Affiliate”) has not been verified for accuracy, completeness, or fitness for any reject any or all expressions of interest or offers to purchase the
engaging in a broad range of real estate particular purpose. All information is presented “as-is” without Property, and/or to terminate discussions at any time with or without
services including but not limited to representation or warranty of any kind. Such information includes notice to you. All offers, counteroffers, and negotiations shall be
brokerage services, property and facility estimates based on forward-looking assumptions relating to the non-binding and neither Gerchick Real Estate nor the Owner shall
management, valuation and development. general economy, market conditions, competition and other factors have any legal commitment or obligation except as set forth in a
At times other Affiliates may have or which are subject to uncertainty and may not represent the current fully executed, definitive purchase and sale agreement delivered to
represent clients who have competing or future performance of the Property. All references to acreage the Owner.
interests in the same transaction. For square footage, square footages, and other measurements are Gerchick Real Estate and Gerchick Real Estate’s logo are service
example, Affiliates or their clients may have approximates. This Memorandum describes certain documents, marks of Gerchick Real Estate. All other marks deployed on this
or express an interest in the Property including leases, and other materials, in summary form. These document are the property of their respective owners, and the use
described in this Memorandum (the summaries may not be complete, nor accurate descriptions of the of such logos does not imply any affiliation with or endorsement of
“Property”) and may be the successful full agreements referenced. Additional information and opportunity Gerchick Real Estate.
bidder for the Property. Your receipt of this to inspect the Property may be more available to qualified Photos herein are the property of their respective owners. Use of
Memorandum constitutes your prospective purchasers. You're invited to independently verify the these images without the express written consent of the owner is
acknowledgement of that possibility and accuracy and completeness of the summaries and information prohibited.
your agreement that neither Gerchick Real contained herein, to consult with independent legal and financial
Estate nor any of its affiliates has an
obligation to disclose to you such Affiliates
interest or involvement in the sale or CONFIDENTIALITY AGREEMENT
purchase of the Property in all instances,
however, Gerchick Real Estate and its Your receipt of this Memorandum constitutes your authorization of the owner of the Property (“Owner”) or Gerchick
Affiliates will act in the best interest of their acknowledgement that (i) it is a confidential Memorandum solely Real Estate, (iv) you will not use any part of this Memorandum in
respective client(s), at arm's length, not in for your limited use and benefit in determining whether you desire any manner detrimental to the Owner or Gerchick Real Estate.
concert, or in a manner consistent with the to express further interest in the acquisition of the Property,(ii) If after reviewing this Memorandum, you have no further interest
law and all fiduciary duties owed to their you will hold it in the strictest confidence, (iii) you will not disclose in purchasing the Property, kindly return it to Gerchick Real
respective clients. it or its contents to any third party without the prior written Estate.
30
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
30 Linda@JustSoldIt.comContact Information
EXCLUSIVELY LISTED BY: ABOUT LINDA GERCHICK, CCIM
Linda Gerchick, CCIM
Designated Broker Linda Gerchick, CCIM, is owner and Designated • Named a Deal Maker for the Phoenix market
Gerchick Real Estate Broker of Gerchick Real Estate, a commercial by LoopNet
6424 E. Greenway Parkway
real estate firm founded in 1998 that specializes
Scottsdale, AZ 85254 • Part of the elite CCIM (Certified Commercial
in working with investors in areas including
602-688-9279 Investment Member) group since 2005
investment, development, off-market and
Linda@JustSoldIt.com • Received the Presidential Award from the
income-producing real estate.
Phoenix Board of Realtors several years in
With more than 24 years experience in the real
succession
SPECIALIZING IN: estate business, Linda has amassed a well-
• At the request of the Phoenix Board of
• Buyer and seller representation founded track record advising buyers and sellers
as a commercial real estate consultant. Realtors, is a Director and liaison to the
• Commercial real estate valuation
Arizona Association of Realtors
• P&L analysis She has extensive experience in developing
working relationships with investors—buying and • Member of various Forms Committees for the
• Cash flow modeling, NPV/IRR
selling—as well as in bringing together an entire Arizona Association of Realtors
• Market research
team of professionals to help clients with their Linda Gerchick has the knowledge, experience
• Multifamily
commercial real estate investments. and ability to get the job done. And they truly
• Duplex-fourplex
In the mid-2000s, Linda was (and still is) one of care about people are are motivated to see their
• Senior housing investors succeed. No project is too small, and
the top leaders in the Phoenix real estate market.
• Tenant-occupied single-family homes Linda will always be available to help their
Among her many accolades:
• Buy-and-hold strategies investors attain their goals.
• Listed as No. 2 and No. 4 in the World for
• Fix-and-flip strategies
RE/MAX, a leading real estate company
31
Linda Gerchick, CCIM / Designated Broker 602-688-9279
GERCHICK REAL ESTATE
31 Linda@JustSoldIt.comYou can also read
