Good Night Stay
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GOOD NIGHT STAY<br />
ZAK KOTTLER<br />
PARTNER<br />
480.294.6003<br />
zkottler@levrose.com<br />
WORLDWIDE<br />
REAL ESTATE SERVICES
TABLE OF<br />
CONTENTS<br />
*CLICK THE CONTENT TO GET TO SPECIFIC PAGE.<br />
GALLERIA<br />
MARKETING BROCHURE pg. 3 - 13<br />
FACT SHEET pg. 14<br />
FLOOR PLAN pg. 15<br />
PHOTOS pg. 16<br />
SKY SONG<br />
MARKETING BROCHURE pg. 17 - 25<br />
FLOOR PLANS pg. 26 - 28<br />
RENTAL ANALYSIS pg. 29 - 34<br />
SUBMARKET OVERVIEW pg. 35 - 41
4301-4343 NORTH SCOTTSDALE ROAD, SCOTTSDALE
VS<br />
LA - San Francisco - NY<br />
Scottsdale<br />
$125K AVERAGE TECH SALARIES $75K<br />
$125K x 333<br />
50,000 SF @ 150 SF/PERSON<br />
Equals 333 People<br />
$75K x 333<br />
$41.63M<br />
Salaries x Headcount Equals Annual Employee Salary Costs<br />
$25M<br />
50,000 SF<br />
@ $70.00 PSF Gross<br />
REAL ESTATE COSTS<br />
Class A Rents<br />
50,000 SF<br />
@ $40.00 PSF Gross<br />
$3.5M<br />
Per Year<br />
$2M<br />
$208M + $17.5M<br />
TOTAL<br />
(5 Year Salary + Real Estate)<br />
$125M + $10M<br />
$225.5M<br />
$135M<br />
Choosing Phoenix-Scottsdale will save $90.5M<br />
in combined labor and real estate cost over a 5-year period
Restaurants<br />
1. Chipotle<br />
Sprinkles<br />
Yogurtland<br />
2. Z’tejas<br />
Kona Grill<br />
Yard House<br />
Pita Jungle<br />
Five Guys<br />
Johnny Rockets<br />
Panda Express<br />
Paradise Bakery & Cafe<br />
Subway<br />
Thirsty Lion Gastropub<br />
3. Culinary Dropout<br />
Wildfish Seafood Grille<br />
P.F. Chang’s<br />
Sauce Pizza & Wine<br />
Olive & Ivy<br />
Zoe’s Kitchen<br />
Hand Cut<br />
4. Mastro’s City Hall<br />
5. Farm & Craft<br />
STAX Burger Bistro<br />
Girasole Pasta &Grill<br />
Breakfast Club<br />
Kyoto Japanese<br />
6. Classic Cakes & Confections<br />
Casablanca Lounge<br />
The Herb Box<br />
Tapas Papa Frita<br />
Barrio Queen<br />
7. The Montauk<br />
Kazimierz World Wine Bar<br />
Cowboy Ciao<br />
Geisha A Go Go<br />
Original Chop Shop<br />
Diego Pops<br />
Kelly’s at Southbridge<br />
Cartel Coffee lab<br />
8. Loco Patron<br />
Cold Beers & Cheeseburgers<br />
Dos Gringos<br />
Crab & Mermaid<br />
Second Story<br />
Bourbon & Bones<br />
9. Citizen Public House<br />
10. 5th and Wine<br />
Tea Time<br />
11. Evo<br />
12. Frank & Lupe’s Old Mexican<br />
13. Tommy V’s Urban<br />
Kitchen & Bar<br />
14. Morning Squeeze<br />
15. Giligin’s<br />
16. Wasted Grain<br />
17. <strong>Good</strong>wood<br />
Joe’s New York Pizza<br />
Gus’s New York Pizza<br />
18. Sushi Roku<br />
19. Bottled Blonde<br />
HiFi Kitchen & Cocktails<br />
Maya Day & <strong>Night</strong>club<br />
Whiskey Row<br />
Cake<br />
Julio’s Too<br />
Oasis Cafe<br />
Bevvy<br />
The District<br />
Comoncy<br />
Dakota<br />
20. Majerle’s Sports Grill<br />
El Hefe Mexican Restaurant<br />
21. Mint<br />
SCOTTSDALE ROAD<br />
4<br />
3<br />
2<br />
1<br />
11<br />
3RD AVENUE<br />
10<br />
9<br />
7<br />
6<br />
5<br />
18<br />
19<br />
CAMELBACK ROAD<br />
8<br />
16<br />
17<br />
20<br />
21<br />
12<br />
14<br />
15<br />
DRINKWATER BOULEVARD<br />
SCOTTSDALE ROAD<br />
3RD AVENUE<br />
STETSON DRIVE<br />
5TH AVENUE<br />
CIVIC CENTER PLAZA<br />
INDIAN SCHOOL ROAD<br />
13
EMBASSY SUITES – 312 ROOMS<br />
THE SCOTT RESORT & SPA – 204 ROOMS<br />
3RD AVENUE<br />
3RD AVENUE<br />
W SCOTTSDALE – 230 ROOMS<br />
240 ROOM PLANNED HOTEL<br />
STETSON DRIVE<br />
SCOTTSDALE MARRIOTT SUITES – 243 ROOMS<br />
HYATT PLACE – 127 ROOMS<br />
HYATT HOUSE – 164 ROOMS<br />
SCOTTSDALE ROAD SCOTTSDALE ROAD<br />
ALOFT SCOTTSDALE – 126 ROOMS<br />
CIVIC CENTER PLAZA<br />
SUNDIAL – 54 ROOMS<br />
DRINKWATER BOULEVARD<br />
75TH STREET<br />
INDIAN SCHOOL ROAD<br />
HILTON GARDEN INN – 133 ROOMS
93%<br />
WALK-ABILITY<br />
walkscore.com<br />
"It looks great! We're excited about the building<br />
and the space, and downtown Scottsdale. It's<br />
so vibrant and has that walk-ability to it."<br />
Yelp Chief Operating Officer Geoff Donaker<br />
said about The Galleria<br />
“Identifying the right market and office<br />
space for an expansion is a pivotal<br />
decision for any rapidly growing company.<br />
The dynamic office space we have secured<br />
matches Clearlink’s unique and awardwinning<br />
culture.”<br />
17.2%<br />
OF DOWNTOWN SCOTTSDALE<br />
JOBS ARE SALES JOBS<br />
Phil Hansen, Clearlink CEO<br />
40.5%<br />
OF DOWNTOWN<br />
SCOTTSDALE<br />
POPULATION IS<br />
21–44 YEARS OLD<br />
We wanted our Scottsdale office to be closer to restaurants,<br />
hotels and other attractions and amenities. We thought the<br />
Galleria was a really innovative and comfortable space and<br />
very compatible for what we’re doing. This is a home run!<br />
Jon Hunter, Ca Technologies’ Senior Vice President<br />
and General Manager for North America
“We want to be able to recruit the best and<br />
brightest, so being close to a major university<br />
(ASU) and right in the center of a vibrant urban<br />
neighborhood was important to us.”<br />
2,125<br />
MULTI-FAMILY UNITS ARE<br />
UNDER CONSTRUCTION<br />
IN DOWNTOWN SCOTTSDALE<br />
Branndon Stewart, Outbound Engines CEO<br />
56.1%<br />
DOWNTOWN SCOTTSDALE POPULATION<br />
HAVE AN ASSOCIATES DEGREE OR HIGHER<br />
“Scottsdale has a welcoming, business<br />
friendly culture and has been a great<br />
partner. The growing technology hub<br />
and high volume of universities and<br />
colleges surrounding Scottsdale gives<br />
us access to a strong talent pool that<br />
will be an invaluable resource for Yodle.”<br />
Court Cunningham, web.com CEO<br />
7.8%<br />
HOUSEHOLD GROWTH<br />
FROM 2010 – 2014<br />
PROJECTED<br />
8.3%<br />
HOUSEHOLD GROWTH<br />
FROM 2014 – 2019<br />
$75KAVERAGE<br />
TECH<br />
SALARY<br />
IN METRO<br />
PHOENIX
Unmatched Lobby Experience
Comoncy & Conference Faclilities
Dynamic Tenant Experience
FLOOR PLAN<br />
2ND LEVEL<br />
PARKING GARAGE<br />
BUILDING<br />
LOBBY<br />
Suite 265<br />
±25,130 SF<br />
SCOTTSDALE ROAD & 5TH AVENUE<br />
NOT TO SCALE
FLOOR PLAN<br />
3RD LEVEL<br />
BUILDING<br />
LOBBY<br />
SUITE 395<br />
±3,528 SF<br />
PARKING<br />
GARAGE<br />
SUITE 390<br />
±19,550 SF<br />
NOT TO SCALE<br />
5TH AVENUE & DRINKWATER
GALLERIA<br />
CORPORATE CENTRE<br />
BUILDING ADDRESS 4301-4343 NORTH SCOTTSDALE ROAD, SCOTTSDALE, AZ 85251<br />
AVAILABLE SPACE<br />
4343 BUILDING<br />
SUITE SIZE RENTAL RATE OCCUPANCY<br />
265 ±25,130 SF* $42.50 Available July 2018<br />
390 ±19,550 SF** $42.50 Vacant<br />
395 ±3,528 SF $42.50 Vacant<br />
*Divisible to ±20,000 SF<br />
**Divisible to ±8,000 SF<br />
TENANT IMPROVEMENTS<br />
Negotiable<br />
EXPENSE STOP<br />
Base Year<br />
PARKING<br />
Up to 5.0/1,000 parking ratio<br />
Reserved garage space: $75.00 per stall, per month<br />
Unreserved garage space: $60.00 per stall, per month<br />
BRYAN TAUTE<br />
Primary Contact<br />
602.735.1710<br />
bryan.taute@cbre.com<br />
CHARLIE VON ARENTSCHILDT<br />
Secondary Contact<br />
602.735.5626<br />
charles.vona@cbre.com<br />
© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent<br />
the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE,<br />
Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
4343 NORTH SCOTTSDALE ROAD<br />
FLOOR PLAN<br />
SCOTTSDALE, AZ SUITE 265<br />
±25,130 SF<br />
162 WORKSTATIONS<br />
2 TRAINING ROOMS<br />
7 CONFERENCE ROOMS<br />
2 HUDDLE ROOMS<br />
NOT TO SCALE<br />
BRYAN TAUTE<br />
Primary Contact<br />
602.735.1710<br />
bryan.taute@cbre.com<br />
CHARLIE VON ARENTSCHILDT<br />
Secondary Contact<br />
602.735.5626<br />
charles.vonarentschildt@cbre.com<br />
LEASING BY<br />
OWNED AND MANAGED BY<br />
© 2018 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your<br />
satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
INTERIOR PHOTOS
5<br />
www.skysong.com
SKYSONG 5<br />
5<br />
totaling<br />
150,000<br />
SQ<br />
FT<br />
IN A<br />
Public Private Partnership with:<br />
ASU Foundation is an independent non-profit organization that acts as the principal agent<br />
through which gifts are made to benefit the Arizona State University. The mission of the ASU<br />
Foundation is to solicit, manage and disburse the proceeds of gifts made to ASU.<br />
Designed By:<br />
6-STORY BUILDING<br />
within a<br />
MIXED USE<br />
INNOVATION<br />
center<br />
For 20 years, Butler Design Group has been fortunate to design and complete well over 20<br />
million square feet of office, industrial, retail, and specialty projects.<br />
Developed By:<br />
Plaza Companies is a leader in the development, acquisition, management and leasing of<br />
medical office properties, senior living communities and bioscience/biotechnology centers in<br />
Arizona. The company owns, provides leasing services or manages more than 5 million square feet<br />
through partnerships and relationships.<br />
Exclusively Represented By:<br />
R. CRAIG COPPOLA<br />
CCIM, CRE, SIOR<br />
602.954.3762<br />
ccoppola@leearizona.com<br />
ANDREW CHENEY<br />
CCIM, CRE, SIOR<br />
602.954.3769<br />
acheney@leearizona.com<br />
WWW.SKYSONG.COM | SKYSONG 5 | Lee & Associates<br />
GREGG KAFKA<br />
CCIM<br />
602.954.3777<br />
gkafka@leearizona.com<br />
3
Tempe Marketplace<br />
Tempe Town Lake<br />
Downtown<br />
Tempe<br />
202<br />
Greenbelt<br />
5<br />
PARKING<br />
STRUCTURE<br />
HOTEL<br />
SONG 2<br />
SKYSONG 3<br />
SKYSONG 4<br />
1<br />
SKYSONG<br />
APARTMENTS<br />
SKYSONG BLVD.<br />
PARKING<br />
STRUCTURE<br />
HOTEL<br />
San Travesia<br />
Apartments<br />
FUTURE<br />
DEVELOPMENT<br />
SKYSONG 2<br />
SKYSONG 5<br />
SKYSONG 1<br />
SKYSONG 3<br />
SKYSONG 5<br />
SKYSONG BLVD.<br />
SKYSONG 4<br />
RETAIL<br />
RESTAURANTS<br />
PAPAGO<br />
PLAZA<br />
RENOVATIONS<br />
PLANNED<br />
4<br />
74TH ST.<br />
INNOVATION PL.<br />
SKYSONG Lee & Associates 5 | Lee | & SKYSONG Associates 5 | WWW.SKYSONG.COM<br />
INNOVATION PL.<br />
MCDOWELL RD.<br />
SKYSONG 7<br />
SKYSONG 6<br />
SCOTTSDALE RD.<br />
SCOT
FLOORPLANS<br />
NORTH<br />
FIRST FLOOR<br />
+25,000 RSF<br />
PAPAGO<br />
PLAZA<br />
UPPER FLOOR (2-6)<br />
+25,000 RSF<br />
TSDALE RD.<br />
2 nd Floor Patio<br />
WWW.SKYSONG.COM | SKYSONG 5 | Lee & Associates<br />
5
6 Lee & Associates | SKYSONG 5 | WWW.SKYSONG.COM
SKYSONG INNOVATION CENTER<br />
5<br />
42 ACRE<br />
MIXED USE<br />
DEVELOPMENT<br />
totalling 1.2 million square feet<br />
at full buildout<br />
5<br />
INNOVATION<br />
AND<br />
TECHNOLOGY<br />
HUB<br />
ENVIRONMENTAL<br />
LEADERS<br />
ON-SITE AMENITIES<br />
Conference<br />
Facilities<br />
Multi-Family<br />
Restaurants<br />
Covered<br />
Parking<br />
Hotel<br />
Bike Storage<br />
Facility<br />
1951 @ SkySong<br />
Co-Working Space<br />
50,000 SF<br />
of Shade<br />
WALKABLE AMENITIES<br />
Within Minutes of Scottsdale Fashion Square and Waterfront, featuring 240<br />
stores and counting; with more upscale stores than any other mall in Arizona.<br />
WWW.SKYSONG.COM | SKYSONG 5 | Lee & Associates<br />
7
SKYSONG BLVD.<br />
PIESTEWA<br />
PEAK<br />
CAMELBACK<br />
MOUNTAIN<br />
MUMMY<br />
MOUNTAIN<br />
ARCADIA<br />
SCOTTSDALE<br />
ENTERTAINMENT<br />
DISTRICT<br />
THOMAS RD.<br />
LA FITNESS<br />
PAPAGO<br />
PLAZA<br />
SCOTTSDALE RD.<br />
HOTEL<br />
SKYSONG 4<br />
RESTAURANTS<br />
MCDOWELL RD.<br />
SKYSONG 6<br />
FUTURE<br />
SKYSONG 7<br />
DEVELOPMENT<br />
SKYSONG 3<br />
SKYSONG 5<br />
INNOVATION PL.<br />
SKYSONG 2<br />
SKYSONG 1<br />
FUTURE<br />
DEVELOPMENT<br />
SKYSONG<br />
APARTMENTS<br />
74TH ST.<br />
San Travesia<br />
Apartments<br />
WWW.SKYSONG.COM | SKYSONG 5 | Lee & Associates 9
1<br />
Tempe Marketplace<br />
Tempe Town Lake<br />
Downtown<br />
Tempe<br />
Greenbelt<br />
COLLABORATIVE<br />
SHADE STRUCTURE<br />
202<br />
5<br />
16 MEETING<br />
ROOMS<br />
BIKE<br />
STORAGE<br />
HOTEL<br />
ON-SITE<br />
DELI<br />
SHOWERS/<br />
LOCKERS<br />
RESTAURANT<br />
CENTER<br />
SKYSONG<br />
APARTMENTS<br />
PARKING<br />
STRUCTURE<br />
HOTEL<br />
SKYSONG 2<br />
SKYSONG 3<br />
SKYSONG 4<br />
1951 @ SKYSONG<br />
CO-WORKING<br />
SPACE<br />
NOR TH<br />
74TH ST.<br />
FUTURE<br />
DEVELOPMENT<br />
SKYSONG 1<br />
INNOVATION PL.<br />
SKYSONG 5<br />
SKYSONG BLVD.<br />
SKYSONG 7<br />
11,000 SF<br />
RESTAURANT<br />
CENTER<br />
SKYSONG 6<br />
WIFI ON<br />
CAMPUS<br />
SCOTTSDALE RD.<br />
PAPAGO<br />
PLAZA<br />
MOUNTAIN<br />
VIEWS<br />
MCDOWELL RD.<br />
WWW.SKYSONG.COM | SKYSONG 5 | Lee & Associates<br />
13
LAKE PLEASANT PKWY<br />
HAPPY VALLEY RD.<br />
PINNACLE PEAK RD.<br />
CAVE CREEK RD.<br />
DYNAMITE BLVD.<br />
SCOTTSDA<br />
PIMA RD.<br />
SKYSONG<br />
Agua Fria Fwy.<br />
101<br />
Deer Valley<br />
Airport<br />
Pima<br />
F wy.<br />
BELL RD.<br />
NORTH<br />
Y<br />
CACTUS RD.<br />
GREENWAY RD.<br />
Piestewa Fwy.<br />
TATUM BLVD.<br />
Scottsdale<br />
Airpark<br />
Existing Freeways<br />
Proposed or Under Construction<br />
PEORIA AVE.<br />
PEORIA<br />
GLENDALE<br />
59TH AVE.<br />
43RD AVE.<br />
17<br />
SHEA BLVD.<br />
51<br />
PARADISE<br />
VALLEY<br />
101<br />
FOUNTAIN<br />
HILLS<br />
87<br />
TOLLESON<br />
83RD AVE.<br />
Papago Fwy.<br />
BUCKEYE RD.<br />
Grand Ave.<br />
Salt River<br />
Black Canyon Fwy.<br />
CENTRAL AVE.<br />
7TH ST.<br />
DOWNTOWN PHOENIX<br />
PHOENIX<br />
Maricopa Fwy.<br />
24TH ST.<br />
CAMELBACK RD.<br />
44TH ST.<br />
INDIAN SCHOOL RD.<br />
32ND ST.<br />
143<br />
48TH ST.<br />
AHWATUKEE<br />
FOOTHILLS<br />
LINCOLN DR.<br />
MCDONALD DR.<br />
SCOTTSDALE<br />
McDOWELL RD.<br />
TEMPE<br />
202<br />
BASELINE RD.<br />
MILL AVE.<br />
Price Fwy.<br />
Pima Fwy.<br />
DOBSON RD.<br />
ELLIOT RD.<br />
COUNTRY CLUB<br />
Red Mountain<br />
MCKELLIPS RD.<br />
MESA DR.<br />
MESA<br />
Superstition Fwy.<br />
Fwy.<br />
60<br />
VAL V ISTA DR.<br />
UNIVERSITY DR.<br />
MAIN ST.<br />
SOUTHERN AVE.<br />
GILBERT<br />
APACHE TRAIL<br />
88<br />
APACHE<br />
JUNCTION<br />
South Mountain Fwy.<br />
14<br />
Lee SKYSONG & Associates 5 | Lee | & SKYSONG Associates 5 | WWW.SKYSONG.COM<br />
10<br />
WARNER RD.<br />
RAY RD.<br />
CHANDLER RD.<br />
CHANDLER<br />
ARIZONA AVENUE<br />
CHANDLER BLVD.<br />
Santan Fwy.
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Open exposed ceiling, cool. tech space.<br />
FURNITURE NOT INCLUDED<br />
PLAN KEY<br />
*Contiguous to<br />
36,380 SF<br />
NORTH<br />
SkySong 2 | Suite 480 | +9,859 RSF<br />
4th Floor<br />
Craig Coppola | Andrew Cheney | Gregg Kafka<br />
Principal<br />
602.954.3762<br />
ccoppola@leearizona.com<br />
Principal<br />
602.954.3769<br />
acheney@leearizona.com<br />
www.skysong.com | www.leearizona.com<br />
Associate<br />
602.954.3777<br />
gkafka@leearizona.com
Former Jobing.com Space<br />
Suite 300 - ±8,312 SF<br />
Suite 360 - ±4,160 SF<br />
NORTH<br />
SkySong 2 - 1375 N. Scottsdale Rd. | Scottsdale, AZ<br />
3rd Floor<br />
Craig Coppola | Andrew Cheney | Gregg Kafka<br />
Principal<br />
602.954.3762<br />
ccoppola@leearizona.com<br />
Principal<br />
602.954.3769<br />
acheney@leearizona.com<br />
www.skysong.com | www.leearizona.com<br />
Associate<br />
602.954.3777<br />
gkafka@leearizona.com
SET:<br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
SkySong Innovation Center Galleria Corporate Center<br />
1465 N Scottsdale Rd 4343 N Scottsdale Rd<br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
1465 N Scottsdale Rd 4343 N. Scottsdale Road Suite 265<br />
Space Floor: 1 Floor: 2 / Suite: 265<br />
Area 25,000 RSF 25,130 RSF<br />
Term 1/1/2019 - 4/30/2026 (88+ Months) 1/1/2019 - 4/30/2026 (88+ Months)<br />
Discount Rate 6% 6%<br />
CASH FLOW METRICS<br />
$ $ / RSF $ $ / RSF<br />
Total Cash Flow 5,662,383 8,627,823<br />
Present Value 4,305,480 6,860,681<br />
Average Cash Flow / Yr 772,143 30.89 1,176,521 46.82<br />
Year 1 Monthly Rent 68,750 2.75 89,002 3.54<br />
Year 1 Cash Flow (619,224) (24.77) 446,907 17.78<br />
Proposal Effective Rent / Yr 719,706 28.79 1,146,835 45.64<br />
Value of Concessions 45,636 1.83 59,080 2.35<br />
HEAD COUNT METRICS<br />
PER HEAD (125) PER HEAD (125)<br />
Square Feet 200 RSF 201 RSF<br />
Total Cash Flow $45,299 $69,023<br />
Present Value $34,444 $54,885<br />
Average Cash Flow / Yr $6,177 $9,412<br />
Year 1 Cash Flow ($4,954) $3,575<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
SET:<br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
LEASE TERMS<br />
SkySong Innovation Center Galleria Corporate Center<br />
1465 N Scottsdale Rd 4343 N Scottsdale Rd<br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
<strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
1465 N Scottsdale Rd 4343 N. Scottsdale Road Suite 265<br />
Service Type: Full Service Gross Full Service Gross<br />
Base Rent: $33.00 / RSF + $0.75 Annual Steps $42.50 / RSF + $1.00 Annual Steps<br />
Free Rent: 4 Months ($275,000) 4 Months ($356,008)<br />
Tenant Improvements (RSF): None None<br />
$50.00 Landlord Allowance $15.00 Landlord Allowance<br />
($50.00) Net Tenant Cost ($15.00) Net Tenant Cost<br />
Operating Expenses: $10.00 / RSF (1% inflation) $10.00 / RSF (1% inflation)<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
4343 N Scottsdale Rd - Galleria Corporate Center<br />
Scottsdale, AZ 85251<br />
DEAL: <strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
MODEL: 4343 N. Scottsdale Road Suite 265<br />
LEASE TERMS<br />
Lease Start: 1/1/2019 Free Rent: 4 Months ($356,008)<br />
Lease End: 4/30/2026 Service Type: Full Service Gross<br />
Term: 88+ Months Operating Exp: $10.00 / RSF (1% inflation)<br />
Starting Rent: $42.50 / RSF Improvements: ($15.00) / RSF (Net Tenant Cost)<br />
Rent Increases:<br />
$1.00 Annual Steps<br />
SPACE DETAILS<br />
Use:<br />
Office<br />
Floor / Suite: 2 / 265<br />
Rentable SF: 25,130<br />
CASH FLOW<br />
KEY METRICS<br />
RSF<br />
Proposal Effective Rent / Yr: $45.64<br />
Concessions Value: $2.35<br />
CASH FLOW METRICS Total RSF<br />
Present Value (1/1/2019 @ 6%): $6,860,681<br />
Total Cash Flow: $8,627,823<br />
Average Cash Flow / Yr: $1,176,521 $46.82<br />
Year 1 Monthly Rent: $89,002 $3.54<br />
Year 1 Cash Flow: $446,907 $17.78<br />
HEAD COUNT (125)<br />
Per Head<br />
Square Feet:<br />
201 RSF<br />
Present Value: $54,885<br />
Total Cash Flow: $69,023<br />
Average Cash Flow / Yr: $9,412<br />
Year 1 Monthly Rent: $712<br />
Year 1 Cash Flow: $3,575<br />
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Total<br />
Base Rent 1,068,025 1,093,155 1,118,285 1,143,415 1,168,545 1,193,675 1,218,805 414,645 8,418,550<br />
Free Rent (356,008) - - - - - - - (356,008)<br />
Total Base Rent 712,017 1,093,155 1,118,285 1,143,415 1,168,545 1,193,675 1,218,805 414,645 8,062,542<br />
Recoveries - 2,513 5,051 7,615 10,204 12,819 15,460 6,043 59,704<br />
Parking, Storage, Other 94,500 94,500 94,500 94,500 94,500 94,500 94,500 31,500 693,000<br />
Total Rent 806,517 1,190,168 1,217,836 1,245,530 1,273,249 1,300,994 1,328,765 452,188 8,815,246<br />
Other Costs / Concessions 17,340 25,589 26,183 26,779 27,375 27,971 28,568 9,722 189,528<br />
Tenant Improvements (376,950) - - - - - - - (376,950)<br />
Cash Flow 446,907 1,215,757 1,244,020 1,272,309 1,300,624 1,328,965 1,357,333 461,910 8,627,823<br />
Cumulative Cash Flow 446,907 1,662,663 2,906,683 4,178,992 5,479,615 6,808,580 8,165,914 8,627,823 8,627,823<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
4343 N Scottsdale Rd - Galleria Corporate Center<br />
Scottsdale, AZ 85251<br />
DEAL: <strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
MODEL: 4343 N. Scottsdale Road Suite 265<br />
Total Base Rent + Recoveries/Op Exp ($ / RSF)<br />
60.00<br />
50.00<br />
40.00<br />
30.00<br />
20.00<br />
10.00<br />
0.00<br />
1<br />
Year 1<br />
5<br />
Year 1<br />
9<br />
Year 1<br />
13<br />
Year 2<br />
17<br />
Year 2<br />
21<br />
Year 2<br />
25<br />
Year 3<br />
29<br />
Year 3<br />
33<br />
Year 3<br />
37<br />
Year 4<br />
41<br />
Year 4<br />
45<br />
Year 4<br />
49<br />
Year 5<br />
53<br />
Year 5<br />
57<br />
Year 5<br />
61<br />
Year 6<br />
65<br />
Year 6<br />
69<br />
Year 6<br />
73<br />
Year 7<br />
77<br />
Year 7<br />
81<br />
Year 7<br />
85<br />
Year 8<br />
Total Recoveries Step Increases Base Rent<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
1465 N Scottsdale Rd - SkySong Innovation Center 5<br />
Scottsdale, AZ 85257<br />
DEAL: <strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
MODEL: 1465 N Scottsdale Rd<br />
LEASE TERMS<br />
Lease Start: 1/1/2019 Free Rent: 4 Months ($275,000)<br />
Lease End: 4/30/2026 Service Type: Full Service Gross<br />
Term: 88+ Months Operating Exp: $10.00 / RSF (1% inflation)<br />
Starting Rent: $33.00 / RSF Improvements: ($50.00) / RSF (Net Tenant Cost)<br />
Rent Increases:<br />
$0.75 Annual Steps<br />
SPACE DETAILS<br />
Use:<br />
Office<br />
Floor: 1<br />
Rentable SF: 25,000<br />
CASH FLOW<br />
KEY METRICS<br />
RSF<br />
Proposal Effective Rent / Yr: $28.79<br />
Concessions Value: $1.83<br />
CASH FLOW METRICS Total RSF<br />
Present Value (1/1/2019 @ 6%): $4,305,480<br />
Total Cash Flow: $5,662,383<br />
Average Cash Flow / Yr: $772,143 $30.89<br />
Year 1 Monthly Rent: $68,750 $2.75<br />
Year 1 Cash Flow: ($619,224) ($24.77)<br />
HEAD COUNT (125)<br />
Per Head<br />
Square Feet:<br />
200 RSF<br />
Present Value: $34,444<br />
Total Cash Flow: $45,299<br />
Average Cash Flow / Yr: $6,177<br />
Year 1 Monthly Rent: $550<br />
Year 1 Cash Flow: ($4,954)<br />
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Total<br />
Base Rent 825,000 843,750 862,500 881,250 900,000 918,750 937,500 318,750 6,487,500<br />
Free Rent (275,000) - - - - - - - (275,000)<br />
Total Base Rent 550,000 843,750 862,500 881,250 900,000 918,750 937,500 318,750 6,212,500<br />
Recoveries - 2,500 5,025 7,575 10,151 12,753 15,380 6,011 59,395<br />
Parking, Storage, Other 67,500 67,500 67,500 67,500 67,500 67,500 67,500 22,500 495,000<br />
Total Rent 617,500 913,750 935,025 956,325 977,651 999,003 1,020,380 347,261 6,766,895<br />
Other Costs / Concessions 13,276 19,646 20,103 20,561 21,019 21,479 21,938 7,466 145,488<br />
Tenant Improvements (1,250,000) - - - - - - - (1,250,000)<br />
Cash Flow (619,224) 933,396 955,128 976,886 998,670 1,020,481 1,042,318 354,727 5,662,383<br />
Cumulative Cash Flow (619,224) 314,172 1,269,300 2,246,186 3,244,857 4,265,338 5,307,656 5,662,383 5,662,383<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
1465 N Scottsdale Rd - SkySong Innovation Center 5<br />
Scottsdale, AZ 85257<br />
DEAL: <strong>Good</strong> <strong>Night</strong> <strong>Stay</strong><br />
MODEL: 1465 N Scottsdale Rd<br />
Total Base Rent + Recoveries/Op Exp ($ / RSF)<br />
40.00<br />
36.00<br />
32.00<br />
28.00<br />
24.00<br />
20.00<br />
16.00<br />
12.00<br />
8.00<br />
4.00<br />
0.00<br />
1<br />
Year 1<br />
5<br />
Year 1<br />
9<br />
Year 1<br />
13<br />
Year 2<br />
17<br />
Year 2<br />
21<br />
Year 2<br />
25<br />
Year 3<br />
29<br />
Year 3<br />
33<br />
Year 3<br />
37<br />
Year 4<br />
41<br />
Year 4<br />
45<br />
Year 4<br />
49<br />
Year 5<br />
53<br />
Year 5<br />
57<br />
Year 5<br />
61<br />
Year 6<br />
65<br />
Year 6<br />
69<br />
Year 6<br />
73<br />
Year 7<br />
77<br />
Year 7<br />
81<br />
Year 7<br />
85<br />
Year 8<br />
Total Recoveries Step Increases Base Rent<br />
The analysis contained herein is based on assumptions and estimates which have not been (or<br />
cannot be) independently verified and are subject to change. No representation or warranty is<br />
made as to the accuracy or completeness of the analysis and all information herein is provided<br />
as is. The analysis herein should not be construed as investment, tax or legal advice.<br />
7/25/2018<br />
©2015 CoStar Realty Information, Inc. - 631936
GOOD NIGHT STAY<br />
WORLDWIDE<br />
REAL ESTATE SERVICES<br />
ZAK KOTTLER<br />
PARTNER<br />
480.294.6003<br />
zkottler@levrose.com
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