- da Vinci Realty, LLC

Transcription

Tequa Festival Marketplace
7000 highway 179
Sedona, AZ 86351
FOR SALE
$6,500,000
www.davincirealty.com
Exclusively offered by da Vinci Realty, LLC
Mark T. Belsanti, CCIM
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
mark@davincirealty.com
111 E. Aspen Ave., Suite 3 Flagstaff, AZ 86001
All information furnishedAll
regarding
property
for regarding
sale, rental
or financing
fromorsources
deemed
but no reliable,
warrantybut
orno
representation
is made to the
accuract
and
same and
is submited
information
furnished
property
for sale,isrental
nancing
is fromreliable,
sources deemed
warranty or representation
is made
to thethereof
accuracy
thereof
same is submitted subject to
subject to errors, omissions, changeerrors,
of price,
rental, change
or other
to sale,
lease prior
or financing
or withdrawal
notice.
No liability
kindofisany
to kind
be imposed
on the broker
omissions,
of conditions
price, rentalprior
or other
conditions
to sale, lease
or nancingwithout
or withdrawal
without
notice. of
Noany
liability
is to be imposed
on the herein.
broker herein.
Property profile
Property Description
Located along Highway 179 and adjacent to the 221 room Hilton Sedona ResorT
in the Village of Oak Creek, Tequa Festival Marketplace serves
as a unique stop for tourists and locals alike. The Property is located
NEXT TO THE HILTON SEDONA RESORT & SEDONA GOLF CLUB.
Property profile
Tequa Festival Marketplace (Tequa) is a visually stunning
retail center currently hosting a plethora of local tenants.
view from land facing Southeast
The architectual gem is visible from Highway 179
to over two million tourists entering Sedona each year.
In addition, Tequa serves as a venue for community events
such as art shows, festivals and local concerts.
928.254.1770 (C)
The
retailers
at Tequa benefit not only from the tourism,
928.779.3800
(O)
928.222.0189
(F)
but from
the fairs, events, and outdoor functions
hosted at the center.
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
is submitted subject to errors,
All information furnished
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
change
price,
rental or other
prioror
to financing
sale, lease or
nancing or withdrawal
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
subject to errors, omissions, change ofomissions,
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
Property
profile
Information
Address :
7000 Hwy 179, Village of Oak Creek, AZ 86351
Price : $6,500,000
Terms :
Cash, Cash to New Loan
Price Per sq. ft. :
Cap Rate :
9.57%
$120.35
(Pro Forma based upon 15% Vacancy)
Current
Occupancy:
Lot Size :
Zoning :
6.16 Acres
Property profile
51%
PAD (Planned Area Development)
Parcel Numbers :
Property Type :
405-28-270P & 405-28-270T
Retail Center
Building
Improvements : 54,011 sq. ft.
No. of Buildings :
6
Year Built
:
2000 - 2003
County : Yavapai
:
Utilities
Big Park Water, Electricity, Sewer, Natural Gas
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
Property
profile
Aerial View
Property profile
-- site
hilton sedona resort
sedona Golf Resort
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
Property
Parcel profile
View
Property profile
hilton sedona resort
-- site
sedona
Golffacing
Resort Southeast
view from
land
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
!
!
!"#$%&'()!
!
!
Property
profile
Site Plan
Property profile
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
Property
Building profile
Layout
vacant
1,006 Sq. ft.
↓
Cucina
Rustica
BUILDING A
Miley’s
Cafe
Vacant
1,279 Sq. Ft.
Green Buddies,
USA
e
e
ag us
ll ho
i
V ol
ho
c
S
Vacant
4,437 Sq. Ft.
!
Property profile
BUILDING B
!
↓
Amtrust
Bank
Bilby
&
Moss
BUILDING C
First Floor
a
n
do lic y
Se ub ar
P br
in
Li
st s
Ju & U
NOTE:
Vacant
3,044 Sq. Ft.
Both tenants have
temporarily relocated to
the 1st floor of Bldg D
due to deck repairs
on Bldg C.
Tenants continue to pay rent
on their original
Bldg C spaces.
Open Sesame Grill
Hilton
Sedona
Ballroom
Full Moon
Saloon
BUILDING G
Second Floor
BUILDING C
Second Floor
BUILDING D
First Floor
Vacant
4,528 Sq. Ft.
VACANT
Suite E100
1,400 SqFt
VACANT
Suite
E200
Exclusively
offered
by da Vinci Realty, LLC
989 SqFt
!"#$%&%'($')
!"#$%&%'($')
BUILDING E
First Floor
928.254.1770 (C)
928.779.3800 (O)
BUILDING
E
928.222.0189
(F)
Second Floor
!
!
Vacant
1,847 Sq. Ft.
!
!
97 Vac
8 a
Sq nt
.F
t.
V
90 ac
3 a
Sq nt
.F
t.
80 Vac
0 a
Sq nt
.F
t.
↓
BUILDING G
First Floor
Vacant
5,327 Sq. Ft.
BUILDING D
Second Floor
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
Current Tenants
Property
profile
Green Buddies, USA - A100 & A102
Resort Marketing International - A104
Miley’s Cafe - A108 & A110
Bilby & Moss - A112
New York Community Bank - A116 & A118
Cucina Rustica - A122,profile
A124, A126 & C100
Property
Open Sesame Grill - B110 & B112
Sedona Public Library - C102
Village Schoolhouse - C106
Full Moon Saloon - G100
Hilton Sedona - G200
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
Property
Pro
Forma & profile
Rent Roll
Tequa Marketplace
15-Apr-15
7000 State Route 179, Sedona, AZ
Total Price: $6,500,000
First Lien:
Second Lien:
Total Debt:
30 years
$0
Down Payment: $6,500,000
(
100% down )
RENT ROLL
Monthly Payments:
- 1st Lien
$0.00
- 2nd Lien
$0.00
Suite #
A100 & 102
A104
Total Mo.Pymt.
A
108
Annual Pymt. & 110
A 112
Debt coverage
A116 & 118
A122, 124, & 126
B110 & B112
C100
C102
C106
G100
G200
Rent
Base
NNN
Lease
Tenant Name
Size
P.S.F.
Rent
Expenses Expires
= Green Buddies U.S.A.
1,574
1.16
$1,825
$830 10/31/19
Resort Marketing
463
3.75
$1,737
$270 10/31/20
$0.00
Miley’s Cafe
2,020
1.71
$3,451
$1,178
12/31/20
$0.00
Bilby & Moss
1,222
1.23
$1,500 gross
8/2/15
K
NY Community Bank
2,523
1.96
$4,941
$1,378 5/31/20
Cucina Rustica
5,057
2.60
$13,148
$2,668 2/28/21
Mario’s
1,376
0.93
$1,274
$729 9/31/19
Justin and US
691
0.83
$576
$411 9/30/18
Sedona Public Library
767
1.10
$844
$379 11/30/21
Mongo’s LLC
4,247
1.08
$4,601
$2,241 11/14/18
Full Moon Saloon
2,033
1.12
$2,287
$1,158 12/31/17
Hilton
5,500
1.50
$8,250
$2,902 6/30/21
Hilton Signage Fee
$563
A106
Vacant
1,006
0.82
$825
523
B100-B104
Vacant
4,437
0.82
$3,638
2,307
C104
Vacant
1,279
0.82
$1,049
665
C200
Vacant
5,327
0.82
$4,368
2,770
D100-D106
Vacant
4,528
0.82
$3,713
2,355
D200-D206
Vacant
4,528
0.82
$3,713
2,355
E100
Vacant
1,400
0.82
$1,148
728
E200
Vacant
989
0.82
$811
514
G101
Vacant
707
0.82
$580
368
G102
Vacant
2,187
0.82
$1,793
1,137
G104
Vacant
150
0.82
$123
78
Totals:
54,011
$1.24
$66,758
$27,944
Note: NY Community Bank rent increases to $5046 6/15, Green Buddies rent increases to $1871 11/15,
and Justin & US rent increases to $15,171 3/2016.
Property profile
Building Size:
54,011 sq. ft.
( $120.35
Constructed in:
2003
( 20.13%
Land Area:
6.16 acres
(
$24.22
Parking:
spaces
Base Rental Income: $66,758.23 per month, or
$801,099
Other Income: $27,943.64 per month, or
$335,324
Vacancy Factor:
15% (Currently 51% Occupied)
Operating Expenses: $28,656.35 per month, or
$343,876
Debt Service:
$0.00 per month, or
$0
/ sq. ft.)
site coverage)
/ sq.ft. land)
per year
per year
per year
per year
STABILIZED PROFORMA
Annual Rental Income
$1.24 /mo.
$14.83 /yr.
Other Income:
$0.52 /mo.
$6.21 /yr.
Scheduled Gross
Income:
view from
$1.75 /mo.
$21.04 /yr.
Less Vacancy Factor:
Effective Gross Income:
Less Operating Expenses:
$0.53 /mo.
$6.37 /yr.
Net Operating Income:
$0.96 /mo.
$11.52 /yr.
Less Debt Service:
Pretax Cash Flow:
$801,099
335,324
----------$1,136,422
land facing
29.51% of gross income
5.72 times gross income
Southeast
(170,463)
----------$965,959
15.00% vacancy factor
(343,876) offered
42.93%
grossVinci
income Realty, LLC
Exclusively
byofda
----------Mark T. Belsanti, CCIM
$622,083
928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)0
----------mark@davincirealty.com
$622,083
9.57% capitalization rate
0.00 K debt constant
9.57% pretax return on equity
EXPENSE BREAKDOWN
Expense Item
Monthly
Property Taxes
$6,312
Tax Consulting Fees
$308
Personal & Administrative $292
Insurance
$1,971
Property Management
$2,852
Utilities
$7,754
Grounds Maintenance
$3,617
Landscapping
$2,843
Property Repairs
$1,455
Security & Life
$1,253
Totals:
$28,656
Annual Notes
$75,748
$3,690
$3,500
$23,650
$34,219
$93,042
$43,404
$34,121
$17,463
$15,039
$343,876
regardingfurnished
property regarding
for sale, property
rental orfor
financing
is from
sources
deemed
reliable,
butreliable,
no warranty
representation
is made istomade
the accuract
thereofthereof
and same
is submited
All information
sale, rental
or nancing
is from
sources
deemed
but noor
warranty
or representation
to the accuracy
and same
price, rental,
or of
other
conditions
priorconditions
to sale, lease
or withdrawal
without notice.
liability
of any of
kind
to be
imposed
on the
broker
herein.
change
price,
rental or other
prioror
to financing
sale, lease or
withoutNo
notice.
No liability
anyiskind
is to
be imposed
on the
broker
herein.
0DUNHW3URILOH
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DWDDUHGHULYHGIURPWKHDQG&RQVXPHU([SHQGLWXUH6XUYH\V%XUHDXRI/DERU6WDWLVWLFV(VUL
6RXUFH&RQVXPHU6SHQGLQJGDWDDUHGHULYHGIURPWKHDQG&RQVXPHU([SHQGLWXUH6XUYH\V%XUHDXRI/DERU6WDWLVWLFV(VUL
&HQVXV6XPPDU\)LOH(VULIRUHFDVWVIRUDQG(VULFRQYHUWHG&HQVXVGDWDLQWRJHRJUDSK\
6RXUFH86&HQVXV%XUHDX&HQVXV6XPPDU\)LOH(VULIRUHFDVWVIRUDQG(VULFRQYHUWHG&HQVXVGDWDLQWRJHRJUDSK\
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928.254.1770 (C)
928.779.3800 (O)
928.222.0189 (F)
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All information furnished regarding property for sale, rental or nancing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors,
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omissions, change of price, rental or other conditions prior to sale, lease or nancing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

- da Vinci Realty, LLC

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