2 Tenant Retail Property

Property overview

• Recent remodel cost $200,000
  
• Retail complex built in 1973
• Suite A remodeled in 2020
• Suite B remodeled in 2022
• New roof coating
• Highly sought after Scottsdale and adjacent to Paradise Valley
• Zoned C-3
• Co-tenants with Cactus Flowers, Handlebar J's and Valley Light Gallery
• High average household incomes with over $148,000 within a 2 mile radius
• Median home values $750,000
• Within moments of Shea & Scottsdale intersection
• Suite A vacant, Suite B is tenant occupied until November 2027
  

Studio Suites

Suite A (Studio Suites)

• Tile installation throughout the entire north portion; carpet and tile combination in the south office and breakroom/kitchen spaces
• Vaulted ceilings throughout east and west central hallways as well as west hallway central treatment rooms/studios.
• All new HVAC ducting across both units
• Nest smart thermostats installed for remote access
• All former lighting updated with LED fixtures
• 100% new electrical wiring and outlets
• Pre wired CAT6 lines throughout
• Plumbed water and drainage lines pre installed inside of the western wall with a total of five accessible taps
• Rebuilt one restroom to meet ADA compliance; including plumbing, toilets, sinks, walls, doors, and hardware
• Converted one prior restroom into a laundry space with new deep sink and washer/dryer units
• Marble countertops in the reception, restroom, and laundry spaces; quartz in the breakroom/kitchen space
• Custom floor plan to maximize all useable treatment/studio space while maintaining ADA compliant hallways and doorways/thresholds; all support beams and HVAC ducting strategically hidden within wall space
• Modern glass paneled and solid core doors throughout entire north portion; barn doors were reinforced and hung for each treatment room/studio with hinged doors for the restroom and closet spaces
• Storage closet at the end of the west hallway with custom shelving and keyed entry
• Entirely new drywall, baseboards, and door hardware throughout entire space
• South entry fiberglass exterior door
• Nest smart lock on south entry door for remote access as well as passcode entry for employees without physical keys

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Suite B

Suite B is tenant occupied until November 2027

• Exposed concrete foundation; resealed with a grey finish
• Vaulted ceilings with new exposed ductwork for both HVAC units
• Nest smart thermostats installed for remote access
• All lighting updated with recessed LED fixtures
• 100% new electrical wiring and outlets
• Pre wired CAT6 lines throughout the space
• Plumbed water and drainage lines pre installed inside of the eastern wall with a total of five accessible taps
• Two entirely new restrooms; including plumbing, toilets, sinks, tankless water heaters, walls, solid core doors, and hardware
• Entirely new drywall, baseboards, and door hardware throughout entire space
• South entry fiberglass exterior door
• Nest smart lock on south entry door for remote access as well as passcode entry for employees without physical keys

Exterior

• Rooftop was resealed in 2022; no interior leaking or water damage has ever been reported
• HVAC units have been serviced annually; there are a total of four units, two per suite
• North entrance planter has been repotted with a drip system installed for easy maintenance and upkeep
• Suite B tenant has installed security cameras at their north and south entrances which overlook all entry points to the entire building

About MHG Commercial:

MHG Commercial is based in Phoenix, Arizona, and is dedicated to providing unparalleled service to its clients. MHG Commercial is a division of My Home Group, the fastest-growing real estate brokerage in Arizona.

MHG Commercial builds strong partnerships based on trust and integrity. They prioritize relationships with their residential agent partnerships, community leaders, clients, and referrals. Their commitment to these relationships allows them to expand their knowledge and make a positive impact on the local community.

Overall, MHG Commercial is known for its experienced professionals, transparent and informed approach, and dedication to client satisfaction. Their diverse expertise, collaborative experience, and commitment to building relationships make them a reliable partner for commercial real estate needs in Arizona.

Disclaimer

The information and content contained in this Offering Memorandum ("OM") is proprietary and strictly confidential. It is intended to be reviewed only by the party in receipt and should not be made available to any other person or entity without the written consent of MHG Commercial Real Estate brokered by My Home Group ("MHG"). This OM has been prepared to provide a summary to prospective buyers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MHG has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any buyer/tenant, or any buyer/tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this OM has been obtained from sources we believe to be reliable; however, MHG has not verified, and will not verify, any of the information contained herein, nor has MHG conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Buyers/tenants must verify all of the information and bears all risk for any inaccuracies. All prospective buyers/tenants must take appropriate measures to verify all of the information set forth herein.

By accepting the terms of this Disclaimer you agree to release MHG and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase/lease of this property.

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