FOR SALE LONG TERM SINGLE TENANT INVESTMENT - LoopNet
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FOR SALE
LONG TERM SINGLE TENANT INVESTMENT
9363 E Bahia Drevi | Sctosdale, AZ 85260
• 7.5+ YEARS REMAINING ON THE LEASE
• STABLE CASH FLOW WITH NATIONAL CREDIT TENANT
• DESIRABLE SCOTTSDALE AIRPARK LOCATION
• MODERN HIGH-TECH BUILDING WITH BRAND NEW FINISHES WORLDWIDE
WORLDWIDE
REAL ESTATE SERVICES
REAL ESTATE SERVICES
INVESTMENT OVERVIEW LevRose Commercial Real Estate is pleased to present the opportunity to acquire a fully stabilized, Single Tenant Office Building within the thriving Scottsdale Airpark. Situated directly off the Loop 101 Freeway, the site provides tremendous accessibility and is in close proximity to countless retail and restaurant amenities. Highlights include Market Place at DC Ranch, Scottsdale Quarter, Kierland Commons & Scottsdale Promenade. This Single Tenant offering is occupied by Consumer Cellular, a privately owned, 100% U.S. based company that is the wireless provider of choice for millions. Consumer Cellular executed a long-term lease and took possession of the prop erty in January 2021 solidifying their commitment to the building and submarket. Built in 2007 and completely reno- vated in 2020, 9363 E. Bahia Drive is a two-story freestanding office consisting of approximately ±19,228 square feet. The space accentuates a modern flare with high-tech finishes throughout and has an extremely efficient floor plan with a blend of glass lined offices, interior bullpen space and an abundance of natural light. The opportunity lends itself to a wide array of investors looking to establish themselves within this heavily desired trade area embedded in one of the fastest growing Cities in the Country.
OFFERING SUMMARY
$7,150,000 ($371.85/SF)
Offering Price
7.75 Years
Remaining on Lease
5.70%
Cap Rate
$407,230
Net Operating Income
±19,228 SF
Gross Leasable Area
4.00/1,000 SF
22 Covered Parking Spaces
Parking
2007/2020
Year Built/Renovated
I-1, City of Scottsdale
(Click Here for Details)
Zoning
Click Here to View CC&R's
Click Here to View Plat Map
Links
PROPERTY HIGHLIGHTS • Brand New 7.75 Year Lease with a National Credit Tenant • Highly Desirable and Conveniently Located Office with Extraordinary Curb Appeal • Tremendous Glass Line which Brings in an Abundance of Natural Light • Fully Renovated Space with Exquisite High-Tech Modern Finishes • Effortless Pull Up Parking throughout the Property
FIRST FLOOR ±9,829 SF
OFFICE
JAN.
STORAGE RESTROOM
FIRST FLOOR
SECOND FLOOR ±9,399 SF
1st Floor - Interior SECOND FLOORPhotos
VIEW VIRTUAL TOUR
SITE PLAN
BELL RD
PIMA RD
91ST ST
94TH ST
9363 E BAHIA DR
BAHIA DR ±19,228 SF
90TH ST
92ND STSITE
D
ROA
BELL
VD
GH T BL
WRI
OYD
NK LL
FRA
SCOTTSDALE
AIRPORT
LOCATION HIGHLIGHTS
IMMEDIATE ACCESS TO 40 RESTAURANTS & 30 RETAIL STORES MINUTES FROM
LOOP 101 FREEWAY 5 GROCERY STORES WITHIN 1 MILE SCOTTSDALE AIRPORT
WITHIN 1 MILEBELL ROAD
FRANK LLO
YD WRIGHT
BLVD
AYH
AY
DEN SITE
EE NW
GR
RD
EN
YD
HA
SCOTTSDALE
AIRPORT
DRIVE TIMES
8 10 20 22 23 32
MINUTES TO MINUTES TO MINUTES TO MINUTES TO MINUTES TO MINUTES TO
SCOTTSDALE AIRPORT GRAYHAWK OLD TOWN SCOTTSDALE ASU TEMPE PHOENIX SKY HARBOR DOWNTOWN PHOENIXSCOTTSDALE OVERVIEW
City of Scottsdale Statistics Major Events & Attractions
NUMBER OF ANNUAL VISITORS
over 72,000
EMPLOYEES IN A 3-MILE RADIUS
251,000
POPULATION IN SCOTTSDALE
$134,621 3,000,000 719,434 320,000 511,612
AVG HOUSEHOLD INCOME
over $1.2 billion
SPENT A YEAR WITHIN TRAVEL MARKET
9 million 435,000 600,000 138,175 2,000,000
ENTERTAINMENT VISITS WITHIN 2 MILES
Major Employers
NUMBER OF EMPLOYEES
5,383 3,800 3,000 2,700
1,884 1,800 1,350 1,000TENANT PRIVATE EQUITY
SUMMARY SUMMARY
Consumer Cellular, one of the nations largest Founded in 1980, GTCR is a leading private
mobile virtual network operator (MVNO), equity firm focused on investing in growth
offers cellphones, no-contract cellphone companies in the Financial Services & Tech-
plans, and accessories with a focus on us- nology, Growth Business Services, Health-
ers age 50-plus. Founded in 1995, Consumer care, and Technology, Media & Telecommu-
Cellular provides wireless service using net- nications industries.
work capacity from AT&T and T-Mobile and
also resells AT&T wholesale wireless services The Chicago-based firm pioneered The
to other virtual operators. Leaders Strategy™ – finding and partnering
with management leaders in core domains
The company has been included on the Inc. to identify, acquire and build market-leading
5000 list as one of America’s fastest grow- companies through transformational acqui-
ing companies every year since 2009. As of sitions and organic growth. Since its incep-
2020, the company has close to 4 million tion, GTCR has invested more than $18 bil-
subscribers. lion in over 200 companies.
Site: www.consumercellular.com Site: www.gtcr.com
Consumer Cellular Recent Acquisition
Click Here for More DetailsTENANT OVERVIEW
• Consumer Cellular is a top rated wireless service and phone provider that targets older users with simple, inexpensive and no-contract cell phone plans.
• The company contracts with AT&T and T-Mobile, which reach 99% of the U.S. population, at wholesale rates and then resells that access to its customers.
• In 2008 Consumer Cellular forged a partnership with AARP and has access to their 40 million senior members. This gives the company branded identity
within the fast-growing senior market.
• Consumer Cellular is privately held with more than 2,400 employees.
• The company has five contact centers located in Arizona and Oregon (HQ in Portland).
• Consumer Cellular’s wireless phones and plans are sold nationwide at leading retailers such as Target (1,799 stores), as well as direct to consumers through
their website or call centers.
• The company has 4 million customers nationwide.
• The company has been honored eleven consecutive years as one of the fastest growing private businesses in the nation by Inc. Magazine, earning a spot on
their prestigious “Top 5,000” list.
• Consumer Cellular has been ranked by J.D. Power as #1 in Customer Service among Wireless Value MVNO’s, 10 Times in a Row.
• Consumer Cellular has experienced 200%+ Revenue Growth over the past 5 years.
1995 #1
YEAR ONE OF THE FASTEST HEADQUARTERED RANKED BY J.D. POWER 2,400+ NAMED FAVORITE MOBILE
FOUNDED GROWING PRIVATE PORTLAND, OR AS #1 IN CUSTOMER EMPLOYEES CARRIER ON PC
BUSINESSES IN THE NATION SERVICE, 10 TIMES MAGAZINE'S BEST
BY INC. MAGAZINE FOR 11 IN A ROW BRANDS LIST TWO YEARS
CONSECUTIVE YEARS IN A ROWDEMOGRAPHICS
POPULATION
1 MILE 3 MILES 5 MILES
2020 7,359 55,220 139,276
2025 7,936 59,416 149,567
HOUSEHOLDS
1 MILE 3 MILES 5 MILES
2020 3,362 23,706 60,423
HH Growth
1.4% 1.4% 1.4%
2020-2025:
AVERAGE HOUSEHOLD INCOME
1 MILE 3 MILES 5 MILES
2020 $122,693 $142,358 $136,440Zak Kottler
Partner
480.294.6003
zkottler@levrose.com
Joe Cosgrove
Partner
480.294.6013
jcosgrove@levrose.com
Hunter Chasse
Advisor
480.289.4225
hchasse@levrose.com
Aaron Cook
Advisor
480.947.0600
acook@levrose.com
This information has been secured from sources believed
to be reliable, but no representations or warranties are
made, expressed or implied, as to the accuracy of the in-
formation. References to square footage are approximate.
Buyer and tenant must verify the information and bears all
risk for any inaccuracies. All quoted prices are subject to
change without notice.You can also read
