FOR SALE DEVELOPMENT OPPORTUNITY ONE, TWO OR THREE STORY MEDICAL CAMPUS. McDowell Road and 107th Avenue, Avondale, Arizona 85323
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1 DEVELOPMENT OPPORTUNITY FOR SALE ONE, TWO OR THREE STORY MEDICAL CAMPUS McDowell Road and 107th Avenue, Avondale, Arizona Only parcels on medical corridor approved for three-story or less development Available for development with many options such as Build-to-Suit with Leaseback or Design Build Ready for immediate development
2 Property Type: Development Opportunity for Medical Campus Location Description: Property is located approximately one (1) mile West of Loop 101 of I-10 Freeway Interchange in Avondale, Arizona Contact: Bobbie Lorraine Mastracci, CCIM, CCLS, CCSS (O) (C) Utilities Available to Site: Water/Sewer: Liberty Water Electric: APS (Arizona Public Service) Telephone: Century Link Cable/Internet: Cox Communications and Century Link City Approved: Property Profile Square Footage: ±4.62 Acres and ±4.59 Acres Total ±9.2 Acres (±410,327 Total SF) Zoning: PAD, City of Avondale APN: and Assessed Taxes: $ and $ Proposed to build - This development project will provide many options for the investor. DEMOGRAPHICS Per STDBOnline.ESRI One Mile Three Mile Five Mile 2013 Population 10,324 95, , Median Household Income $56,405 $55,148 $52,540
3 IN THE MEDIA "The West Valley is one of the most dynamic regions of the country," said Robert Meyer, president and CEO of Phoenix Children's Hospital, "It's a rapid-growth area." Assisted living has become a successful combination of housing, health care services, and assistance specifically designed to allow a resident to maintain a higher level of independence and dignity not possible in traditional long-term care settings. Almost one million Americans reside in assisted living homes. Given the growing need for these services, the assisted living industry has captured a profitable market niche. Today's seniors are in the driver seat, steering innovative trends in assisted living and memory care in the senior living industry. As the U.S. population ages in larger numbers, the housing market is responding to the demand with ever-changing solutions to meet seniors' needs. The Administration on Aging has estimated that by the year 2050, seniors will make up approximately 20% of the overall population. As this growing wave of aging adults enjoy living longer than ever before and often put off moving out of their own home as long as possible the senior housing industry is challenged with offering new, innovative solutions. In the future, specialty communities that cater to seniors with similar interests will emerge while offering assisted living and independent living community choices that include memory care services for those battling memory impairment from Alzheimer's and dementia. Along with industry changes based on today's more demanding seniors are political, economic and regulatory issues that also continue to shape senior housing trends. According to a recent article published on Senior Housing News website, dedicated Alzheimer's communities are expected to increase over the next couple of years. The supply of these types of assisted living communities is low when compared to expected demand in the near future. According to the FoxBusiness.com article, "Assisted Living: Not Your Grandma's Retirement," by Shelly Schwartz, the rise of specialty or niche communities similar to boutique hotels that cater to specific tastes and needs is expected to continue. Communities will be designed to cater to specific groups with similar interests, like active adults interested in continuing education for example. PageID=152
4 MEDICAL EXPENDITURES Medical Care Spending Potential Total Amount Spent 1 Mile Radius Total Amount Spent 3 Mile Radius Total Amount Spent 5 Mile Radius Physician Services $857,181 $7,021,478 $16,068,763 Dental Services $1,167,282 $10,149,476 $23,333,977 Eye care Services $154,614 $1,348,591 $3,136,794 Lab Tests, X-Rays $199,558 $1,701,591 $3,866,053 Hospital Room and Hospital Services $538,344 $4,573,819 $10,520,553 Convalescent or Nursing Home Care (1) $31,855 $283,645 $663,096 Other Medical services $362,170 $3,111,761 $7,176,990 Nonprescription Drugs $379,839 $3,292,464 $7,658,472 Prescription Drugs $1,372,009 $11,866,727 $27,016,220 Nonprescription Vitamins $206,649 $1,813,014 $4,283,375 Medicare Prescription Drug Premium $197,828 $1,782,646 $4,134,601 Eyeglasses and Contact Lenses $256,891 $2,207,395 $5,060,178 Hearing Aids $50,408 $432,109 $955,705 Medical Equipment for General Use $12,441 $107,095 $243,883 Other Medical Supplies (2) $196,984 $1,692,176 $3,922,450 Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Detail may not sum to totals due to rounding. (1) Other Medical Services includes Services by Medical Professionals other than Physicians, Nursing Services, Therapeutic Treatments, Blood Donation, Ambulance, Emergency Room, and Outpatient Hospital Services (2) Other Medical Supplies includes Topicals, Dressings, Supportive and Convalescent Medical Equipment, Rental of Medical Equipment for General Use, and Rental of Supportive and Convalescent Medical Equipment. (3) Other Health Insurance includes Medicare Supplements and Other Health Insurance excluding Blue Cross/Blue Shield. Source: Esri forecasts for 2013 and 2018; Consumer Spending data are derived from the 2010 and 2011 Consumer Expenditure Surveys, Bureau of Labor statistics
5 PROSPECTIVE RENDERING
6 SITE AERIAL
7 PARCEL MAP
8 Bobbie Lorraine Mastracci, CCIM, CCLS, CCSS Designated Broker/Principal Sales and Leasing 549 E Plaza Circle Dr, Suite D Litchfield Park, AZ BMastracci@PhxWC.com (O) (C) (FAX) notice; it is recommended that all persons relying on any information supplied satisfy themselves as to the accuracy of same including but not limited to the environmental condition of the property. It is recommended that all
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