SITE. Chris Benjamin, Broker
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1 7201 E CAMELBACK ROAD SUITE 210 SCOTTSDALE, ARIZONA Property Summary Municipality: City of Tolleson SSWC 91 st Avenue & I acres SSWC of in Tolleson, AZ Acres: Current Zoning: Planned Zoning: General Plan: +/ acres Agricultural Medium Density Residential (5-10 DUA) with Commercial required on 1-2 acres of the parcel with Staff support. Residential/Commercial Price: $2,126,300 $110,000 per acre APN#: , 317 EXCLUSIVE LISTING Chris Benjamin, Broker cbenjamin@citytoticytcre.com Shane Benjamin Ryan Ryan Arp Arp M: sbenjamin@citytoticytcre.com RArp@citytocitycre.com rarp@citytoticytcre.com
2 Utilities & Services: Water: City of Tolleson Sewer: City of Tolleson School: Tolleson School District Narrative: This acre site is located just south of the southwest corner of 91 st Avenue and Interstate 10 in the City of Tolleson. The site is just south of the confluence of Loop 101 and Interstate 10 which links the site to major transportation, employment, retail and entertainment corridors. Just north of the site is a Legacy Suites Extended Stay. West of the site is approximately (42) acres planned for commercial. Southeast of the site is a church site that is currently under development. The SEC of 91 st Avenue & Intestate 10 is planned C-2. Southwest of the site is the PH Gonzales Elementary School and (5) charter schools are within the immediate area. There are two City Parks less than 1 mile from the site. The Gateway Pavilions Shopping Center is located (1) mile west off the NWC of 99 th Avenue & Intestate 10 hosting a Petco, Sports Authority, Costco, and a number of fast food and sit-down restaurants. The Westridge Mall is located 2 miles northeast of the site with major entertainment venue Desert Sky Pavilion located 1 mile east of the site. A Banner Medical Center is located approximately 1 mile north off of the SWC of 91 st Avenue & Thomas.
3 Planning Overview The site has City of Tolleson planning staff support for a minor general plan amendment for conversion into medium density residential (5-10 dua) with approximately 1-2 acres remaining in commercial. Competition Overview (to be viewed with adjoining map) Tolleson currently has one active subdivision southeast of the subject property called Tolleson Meadows (A) with DR Horton selling new homes on 45 x95 lots on (4) floorplans that range from 1,475 to 2,195 s.f. with base prices ranging from $141,900 to $166,900 with 3+ sales per month. Approximately 2.5 miles south is the Hurley Ranch (B) community where DR Horton is selling from (3) projects and rapidly depleting their inventory of finished lots with 3-6 sales per month offering a number of floor plans with square footages that range from 1,475 to 3,207 s.f. that range in price from $149,000 to $212,000. Two miles northeast of the site is the Villages at Westridge Park (C) community where Woodside Homes is selling on alley-loaded product that ranges from 1,286 to s.f. with base prices that range from $140,000 to $156,000 selling at a rate of 10+ sales per month. DR Horton is selling from three projects within the Vinsanto (D) community located across the street from Woodside's project at offering plans that range from 1,282 to 1,932 s.f. with base pricing that ranges from $126,000 to $151,000 with over 10+ sales per month.
4 D C A B
5
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7
8 Tolleson Current General Plan
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