Mindy Korth

Investment opportunity to acquire Westwind Plaza Shops, a ±21,187-square-foot shopping center on ±2.12 acre at 10555 and 10575 W. Indian School Road in the bustling city of Avondale, Arizona. The property is prominently located within the dominant retail corridor at the heavily trafficked arterial intersection of 107th Avenue and Indian School Road.

Sale price is $5.3 million. Cap rate is 6.82 percent. to request the Offering Memorandum.

Westwind Plaza Shops is 94 percent leased by 14 tenants, which include a diverse mix that caters to the immediate trade area.

The property benefits from its strategic location adjacent to strong-performing tenants, including Fry’s Marketplace, Starbucks and Walgreens. Centrally located within the heart of Avondale, the asset boasts impressive density of approximately 99,372 people living within a three-mile radius of the Property.

Westwind Plaza Shops is an excellent opportunity to acquire a secure shopping center that provides consistent cash flow, with excellent growth potential from fixed annual increases as well as below market rents.

The Property offers generous 4.7 per 1,000 parking, with customer parking conveniently located at the entrances to each suite, and employee parking convenient to the rear entrances. The signalized intersection with Westwind Parkway, as well as the curb cuts from Indian School Road and Westwind Parkway offer safe left and right turn access points.

All buildings within Westwind Plaza are of consistent design, of high-end building materials and attractive design, which are subject to CC&R’s to assure the properties and grounds will be well maintained.

​This offering includes a diverse tenant mix that caters to the immediate trade area. 43% of the shops space is occupied by restaurants; 24% by healthcare, personal and community service; 12% by entertainment and fitness; and 15% by financial services and management

Investment opportunity to acquire Mirage Oasis, a ±25,849-square-foot retail center on ±2.82 acres at 13011 and 13015 W. Greenway Road in El Mirage, Arizona. Two vacant retail pads are also available, totaling ±2.06 acres.

Asking price for the retail center is $5,654,000 ($219 per square foot). Capitalization rate is 7.25 percent.

Middle Pad price is $165,000. South Pad price is $150,000. Total price, including two pads, is $5,969,000.

Visit our . Request the offering memorandum .

Located on the southeast corner of Greenway and Dysart roads, at the border with the city of Surprise, this center serves a young, working community, with a variety of amenities, such as a takeout pizza restaurant, donut shop, Carniceria, nail salon, and dentist. A jiu jitsu academy and Asian fusion restaurant recently committed to the property, leaving one small vacancy.

The shopping center is in the process of also adding an urgent care center, general practitioner, chiropractor and other essential neighborhood services.

The attractive, upscale-designed buildings were constructed in 2009, and include generous walkways, easy vehicular access and parking, as well as ample opportunities for tenant signage on both Greenway Road and Dysart Road, a major gateway to the explosive growth area of the city of Surprise.

In addition to a 95 percent occupied retail center, which is leased at rates significantly below its cohort group of other retail centers, the offering can include two vacant retail pads, a value-add component to create significant future upside. This is a rare, value-add opportunity that offers investors a combination of upside through leasing the remaining space; and significant additional opportunity through future development, ground lease, or sale of the two pads.

By purchasing based upon the in-place NOI from 95% occupancy, the investor can rely on the stable in-place revenue that is spread among nine different businesses, with a weighted average lease term of more than five years, while continuing to grow their cash flow and improve their yield through leasing the remaining vacant space; and increasing the below market rental rates as the leases renew.

UNDER CONTRACT: Investment opportunity to acquire the Detroit Public Safety Academy located at 1236 and 1250 Rosa Parks Boulevard in Detroit, Michigan. The Property consists of ±40,818 square feet on ±1.68 acres.

to view the offering memorandum.

The Property is conveniently positioned just west of Detroit’s Central Business District. The buildings were constructed in 1967 and completely renovated in 2002. The Property includes classrooms, administrative space, and a large multipurpose room; along with ample outdoor space and parking—situated on an adjacent lot (1236 Rosa Parks Boulevard).

Detroit Public Safety Academy provides a unique curriculum offering, whereby the students (referred to as Cadets) learn about careers in law enforcement, fire, emergency medical services and others. Students learn the importance of qualities, such as leadership, initiative, responsibility, teamwork, integrity, sacrifice, and respect. The Cadets earn certificates in various courses related to public safety as well as college credits towards an advanced degree.

Detroit Public Safety Academy partners with federal, state and local public safety agencies, such as Detroit Police Department, Detroit Fire Department, Wayne County Sheriff, Michigan State Police, US Border Patrol, Federal Emergency Management Agency, US Coast Guard, Immigration and Customs Enforcement, US Marshals, and more.

Site was carefully selected to serve this community to offer both academics and a career path upon graduation.

Tenant highlights: Grades 6 through 12. Students receive their academics, as well as learn about careers in law enforcement, fire, emergency medical services and others. Charter is authorized by Eastern Michigan University. A member of the Leona Group, with 50 schools in four states, it is one of the largest charter school management organizations in the nation.

UNDER CONTRACT: Two contiguous buildings with flexible zoning are for sale at 4751 Walgreen Road in Jacksonville, Florida.  Located on ±6.03 acres, with excellent visibility to I-95, the Property consists of two contiguous buildings totaling ±50,315 square feet.

to view the offering memorandum.

Ready to use as a learning center with eight classrooms, four labs, a large kitchen and auditorium, and administrative facilities. Property is immediately adjacent to two learning centers: the Jacksonville Job Corps Center, whose national mission is to provide a no-cost education and career technical training program for young adults between ages 16 to 24; and A. Philip Randolph Career Academies, a magnet school that offers academies for job training, as well as advanced placement and dual enrollment that prepare students to enter college.

The Property’s flexible IL, industrial light district zoning, allows standard light industrial uses, as well as professional offices, medical clinics, outdoor display, outdoor storage and retail uses.

With the shortage of land availability in this area, new developments often requiring demolition or repositioning of existing buildings. This Property is an ideal site size and configuration for redevelopment

Directly south are a self-storage facility, a UPS freight hub, a hotel, and quick serve restaurants. East across I-95 is Gateway Town Center, a major shopping intersection that includes Winn Dixie, Walgreens, and a wide variety of banks, restaurants, and shops.

This centralized location that is just north of Jacksonville’s urban core and is well connected to all parts of the city via I-95, US Highway 1, and numerous arterial roadways. It connects to Interstate 95 via a full diamond interchange at Golfair Blvd.

Colliers is pleased to present the sale of the site and building occupied by Genesee STEM Academy at 5240 Calkins Road in Flint, Michigan, which is under an absolute NNN lease with more than 15 years of remaining term. The property is conveniently positioned just west of Flint’s city center, surrounded by residential homes.

Asking price is $7,113,000. Visit our to view the offering memorandum.

The property is approximately 28.76 acres and consists of ±51,177 square feet that include spacious classrooms, multi-purpose rooms, a lunchroom, various staff lounges and workrooms, and numerous administrative offices.

This generously sized parcel allows for ample playgrounds, athletic fields, and parking areas. The building was constructed in 1994, and renovated in 2017.

Genesee STEM Academy serves grades pre-kindergarten through 12. The school is the county’s first STEM-certified school, with a curriculum focused on the core content areas of science, technology, engineering and math.

The charter school students are embedded in authentic real-world investigations and projects that encourage them to develop curiosity and motivation to learn. This year-round school has grown from originally serving grades kindergarten through 5th grades in 2013, to serving pre-kindergarten through 12th grades.

Colliers exclusively presents the opportunity to acquire Whispering Wind Corporate Center at 2205 & 2225 W. Whispering Wind Drive in Phoenix. This Class A two-building, two-story office complex consists of ±74,443 square feet, featuring dramatic two-story lobbies, attractive architectural details, quality construction and a solid tenant base.

to view the offering memorandum. Price: submit offer.

A short distance from the southeast corner of 23rd Avenue and Happy Valley Road in the North Valley, this property offers exceptional access to area amenities, large employers, strong transportation infrastructure and healthy population densities.

The major tenant, occupying one-half of the project, is W.L. Gore & Associates, a leading manufacturer of advanced technology products. At 98% occupied, the other tenants range in size from 2,974 to 11,898 square feet, representing a diverse mix of institutional-quality tenants.

Whispering Wind Corporate Center offers investors an exceptional opportunity to acquire a modern-design office campus that provides excellent stable cash flow from a mixture of seven creditworthy tenants that are at below-market rents, offering promising future upside.

Each two-story building has floor plates that can efficiently accommodate a full-floor occupant, or demise for two or more tenants. The improvements are conveniently sited so that all parking areas are a short walk to a building entrance.

Value-add investment opportunity for investor or owner/user to acquire 3840 Rosin Court in Sacramento, California. The property is a ±47,866-square-foot, two-story, suburban office building, situated on ±3.78 acres, and offers ample parking; mature, professional landscaping; and easy access.

to view the offering memorandum.

The property contains 11 suites, ranging from ±1,979 square feet to ±7,950 square feet per unit. Two tenants currently occupy 13.5 percent of the building. These suite sizes, building dimensions, generous parking and convenient location will attract a variety of small, medium, and large businesses.

The property is one of five buildings that comprise Sutter Business Park, a master-planned business park of office and flex buildings, ideally situated in northwest Sacramento. Two of the buildings are occupied by owner-users. This business park is within walking distance to numerous restaurants and two hotels, and just south of the Northgate Boulevard full-diamond interchange with Interstate 80.

This offering provides an investor with a value-add opportunity to acquire, at a significant discount from replacement costs, a multi-tenant office building in a time-proven location.

This centralized business park location is 10 miles from Sacramento International Airport and the Downtown-Central Business District. There is convenient and easy access to Interstate 80 and Interstate 5, reaching 2.1 million people within a 40-minute drive. Sacramento offers a qualified workforce, lower cost of living and access to government and education.

As the capital of California, the fifth largest economy worldwide, Sacramento has been experiencing an unprecedented period of rejuvenation, redevelopment, and revitalization. Millennial remote workers are migrating from the Bay Area as they rediscover the lower cost of living and higher quality of life it offers. In fact, according to LinkedIn, Sacramento was ranked #3 nationally in 2020 for positive tech worker migration, and the third overall net migration market in the country.

Offered for sale to qualified investors is a portfolio of 10 high-performing charter schools, strategically located in Michigan, Ohio and Florida, which are subject to long-term, absolute NNN lease structures.

This Portfolio consists of ±529,128 square feet on ±78.6 acres and offers an investor with an institutional-quality investment of reliable cash flow. The leases are with strong local, regional and national operators and provide the necessary checks and balances to secure the cash flow, maintain appropriate oversight, and assure optimal performance throughout the investment.

to view the offering memorandum.

These schools are strategically located and within highly desirable growth markets, including Miami, Orlando, Columbus, Cincinnati, Cleveland and greater Detroit. The schools’ locations create high barriers to entry for other traditional and charter public schools.

The Portfolio consists of strong national, regional, and local operators. The new owner will have a direct dialogue to create deep and sustainable relationships into the charter public school marketplace with these strong operators.

Charter schools are tuition-free public schools created through an agreement or “charter” typically between the school and the local district school board. This agreement gives the charter school a measure of expanded freedom relative to traditional public schools in return for a commitment to higher standards of accountability.

• Renaissance Charter School at Plantation, 6701 W Sunrise Blvd, Plantation, FL


• Renaissance Charter School at University, 8399 N University Dr, Tamarac, FL


• Championship Academy of Distinction -Davie Campus, 3367 N University Dr, Davie, FL


• St. Cloud Preparatory Academy, 3101 Progress Ln, St. Cloud, FL


• Northside Prep Academy, 4750 Winton Rd, Cincinnati, OH


• South Scioto Performance Academy, 2200 Winslow Dr, Columbus, OH


• Cesar Chavez College Preparatory School, 2400 Mock Rd, Columbus, OH


• Cleveland Arts & Social Sciences Academy, 10701 Shaker Blvd, Cleveland, OH


• Lake Erie Preparatory School, 14405 St. Clair Ave, Cleveland, OH


• Genesee STEM Community Charter School, 5240 Calkins Rd, Flint Township, MI

Investment opportunity to acquire a two-story ±38,235-square-foot building on ±5.91 acres at 5435 W. Pike Plaza Road in Indianapolis, Indiana.  

to view the offering memorandum.

A short distance from I-65, the conveniently located Property is surrounded by parking and fields. Currently vacant and in white box condition, this was originally a fitness center in 1988, and more recently used as a charter school. The building dimensions, generous parking and parcel versatility will accommodate a variety of uses.

The C4 and MU-1 zoning permit a generous array of uses, including schools, medical centers, retail, entertainment, offices, and a variety of mixed uses.

This offering provides an investor with the unique opportunity to acquire, at a significant discount from replacement costs, a versatile building, situated on a convenient parcel with generous parking that is located within the Uptown Core of Indiana’s largest city.

The Property is along the western perimeter of Lafayette Square regional mall and within the Indianapolis Uptown Core area. Lafayette Square regional mall contains ±1.2 million SF and the surrounding retail centers contain an additional ±700,000 SF of retail space. Retail offerings include department stores, fashion merchandisers, big box retailers, shops, restaurants and banks.

Two miles to the south is the Indianapolis Motor Speedway, home to the annual Indianapolis 500, that brings racing fans from across the globe.

Indianapolis is well known for its high quality of life and unique niche markets and has one of the nation’s most affordable costs of living.

Investment opportunity to acquire 163 N. Dobson Road in Mesa, Arizona. This ±24,000-square-foot medical tech training campus is 100 percent leased to Arizona College, an accredited medical technician vocational school.

With 10 campuses across four states; there are four campuses throughout Greater Phoenix. Enrollment at the Property is 300, with room to grow as demand for medical-related workers continues to increase.

to view the offering memorandum.

Sale price is $4,814,000 ($201 per square foot). Cap rate is 7.65 percent. Estimated year one NOI is $370,581. Annual NOI increases are approximately 3.0% each December.

Situated just north of Main Street, with excellent visibility along Dobson Road, the attractive, highly efficient Property is centrally located and easily reached from all corners of the Valley. A regional Valley Metro Transit Center immediately adjacent to the Property hosts a Valley Metro Light Rail station, a large Park & Ride, and a Valley Metro Bus hub.

This single-tenant investment opportunity offers a safe, reliable income stream from a reputable training center for healthcare technicians, at a modified gross rental structure that includes annual rental increases of approximately 3.0% during the lease term.

The Property is built with attractive, high-quality materials and provides a building configuration that is easy to work with, resulting in a highly efficient and convenient floor plan.

Arizona College offers convenient 10-month health career programs during a time of increased demand for medical works. With its large increase in enrollment with ample room to grow, the school projects a 2020 revenue of $60 million.

Arizona College was founded almost 30 years ago in 1991, and has 10 campuses across four states.

Opportunity to purchase a Class A, Tier 3* purpose-built data center facility that was commissioned in 2012, and is move-in ready, located at 16422 W. Commerce Drive in Goodyear, Arizona.

to view the offering memorandum.

This Tier 3* purpose-built data center facility includes ±9,575 square feet of building area that provides infrastructure support for the two HP EcoPODs, powerhouse structures and back-up generators that are situated within an enclosed exterior courtyard. The two HP EcoPODS are each supported by two 720KW UPS systems, and two 1500KW Cummins generators.

With room to double, triple and even quadruple in datacenter capacity, this facility will be delivered completely vacant and ready for immediate occupancy.

Surrounded by robust connectivity of highly reliable and affordable power and multiple fiber optics options, the property is strategically located with easy access to the regional transportation systems.

With ±4 MW of power to the facility, this was originally designed to allow the data center to double, triple and even quadruple in capacity

Within Goodyear Crossing Industrial Park, where an additional ±411,000 square feet of additional Class A distribution facilities will break ground in 4Q 2020 and be available for occupancy in 2021.

The current data center was designed for expansion capability within the undeveloped area. The undeveloped area could double in size via a mirrored facility of the current configuration; or could grow to quadruple the data center capacity with three new phases, each of which would be ±22,000 SF buildings under roof.

Conceptual plans have been drafted for the potential data center expansion from the existing data center footprint. The new owner will have the opportunity to construct three new 22,000-square-foot buildings supported by equipment yards. Each of the three buildings will have 5,000 square feet of white spaces capable of housing 128 racks at 15 kW per rack.

Investment opportunity to acquire Warner Crossing, consisting of two Class A single-story office buildings t 8260 and 8312 S. Hardy Drive in Tempe, Arizona. Building area consists of ±138,180 square feet, set on ±15.55 acres. Property offers an impressive 6.5 per 1,000 parking ratio.

Contact to request the offering memorandum. Asking price: submit offer.

The buildings are 70 percent leased to three institutional tenants, each backed by investment-grade credit, on NNN expense lease structures and with staggered expirations.

The Property has an excellent history of full occupancy, with the one vacancy of ±42,055 square feet only recently available, which is in excellent condition and configuration that is move-in ready.

Constructed in 2000 within Warner Crossing Business Park, the offering provides investors a value-add opportunity to purchase assets with reliable and secure cash flow. With a rent roll that is currently at below-market rates and a WALT of 4.2 years, investors can accelerate rental growth in the future.

The Southeast Valley leads the region in successfully recruiting research, technology and other knowledge-worker firms through its diverse, well-educated workforce and corporate-friendly business environment. The area is home to some of the country’s largest and most prominent employers, such as Honeywell, Intel, McKesson, Charles Schwab, GM Innovation Labs, Microchip Technology, Wells Fargo Bank and Bank of America, among many others.

The existing investment-grade leases currently average 16.9 percent less than the current market rate and will be as much as 25.5 percent below market when the leases mature. Coupled with the lease-up of the vacancy, this provides the opportunity for tremendous cash flow and value appreciation.

The investment-grade credit backing these leases represent a resilient group of business sectors, including international banking, title services, on-line pharmacy services and auto insurance.

SOLD: Sonoran Desert Surgery Center at 895 S. Dobson Road in Chandler, Arizona. Building area: ±10,762 square feet. Land area: ±1.26 acres.

SOLD: Single-tenant net leased medical clinic, consisting of 1,450 square feet, at 16944 W. Bell Road, Suite 603, in Surprise, Arizona.

SOLD: Newest prototype Starbucks freestanding store with drive-thru at 1252 S. Country Club Drive in Mesa, Arizona. Building consists of ±2,400 square feet on approximately 0.75 acres (±33,766 square feet). Sale price was $2,690,000.

SOLD: Desert Mirage Medical Plaza, a three-building, ±37,424-square-foot, Class A ambulatory surgery center and medical office complex at 12361 W. Bola Drive in Surprise, Arizona. Sale price was $6,275,000 ($168 per square foot).

SOLD: 777 Tower at Novus Innovation Corridor® (“777 Tower”), located at 777 S. Novus Place in the heart of Tempe, Arizona. This ±169,223-square-foot six-story, trophy, Class A state-of-the-art office tower is 83.7% long-term leased to two investment-grade credit tenants, including Infosys® (NYSE: INFY) in ±61,126 SF and ASU in ±80,511 SF (including the 8,316 SF retail unit), saving the top floor as a value-add component.

SOLD: Single-tenant net leased medical condo in Stadium Village Office Condominium business park at 14869 W. Bell Road in Surprise, Arizona. Sale price was $1,366,000.

This ±3,942 SF medical office is fully leased on a 10-year term to Arizona Digestive Health, the largest gastrointestinal practice in Arizona by physician count.

SOLD: Westwind Plaza, a ±6,192-square-foot, 100 percent leased, four tenant retail center at 10565 W. Indian School Road in Avondale, Arizona. Land area is ±0.66 acres. Sale price was $1.59 million.

SOLD: 3033 N Central Avenue in Phoenix, a portion of the nine-story office building consisting of ±80,230 square feet. Sale price was $8.5 million.

SOLD: Siete Square II at 3707 N. 7th Street in Phoenix, consisting of 54,072 square feet. Sale price was $5,657,400.

SOLD: Sonoran Professional Plaza at 9101 E Brown Road in Mesa, consisting of ±11,104-square-foot building on approximately 1.50 acres. Sale price was $2,625,000,

SOLD: The Honeywell Aerospace Glendale DSES Campus, a ±252,300-square-foot corporate campus that includes offices, clean rooms, R&D labs, and assembly areas, all on ±45 acres at 19019 N. 59th Avenue in Glendale, Arizona. Property is 100-percent leased to Honeywell International Inc. 

SOLD: 2020 on Central at 2020 N Central Avenue in Phoenix, consisting of ±247,645 square feet within a 12-story office building and adjoining three-story atrium.

SOLD: N+1 Mission-Critical IT Solutions Operations and Datacenter, consisting of ±16,000 square feet, located at 1919 W. Lone Cactus Drive in Phoenix, Arizona. Sale price was $3.03 million

SOLD: Greenway Crossings, a ±66,516-square-foot lifestyle retail center at 16572-16630 W. Greenway Road in Surprise, Arizona. Land area consists of ±12.86 acres total, which includes three vacant pads. Sale price was $13.5 million.

SOLD: 2600 Tower at 2600 N Central Avenue, consisting of ±323,607 square feet within a 20-story office building in Phoenix, Arizona. This office building offers Class A offices, as well as unique technology-suitable space.

SOLD: Desert Song Wellness Center, a single-story, single-tenant retail building in the heart of Phoenix at 3232 N. 20th Street. The building consists of ±5,883 rentable square feet on ±1.15 acres, with R-5 zoning. Sale price was $1.4 million.

SOLD: Building B in Chandler Medical and Dental Center at 655 S. Dobson Road in Chandler, Arizona. Building consists of ±22,537 square feet.

SOLD: Land at Chandler Crossroads, consisting of ±8.65 acres, located north of the northwest corner of Gilbert and Queen Creek roads in Chandler Airpark in Chandler, Arizona. Land was sold as a part of the Chandler Assets Portfolio, which included Chandler Corporate Center IV and Chandler Crossroads.

SOLD: Vertex Education Headquarters, a ±28,187 square foot, newly constructed, single-story office building at 3125 S. Gilbert Road in Chandler, Arizona. This fully leased property is situated on ±2.91 acres within the Chandler Airpark,

SOLD: The T-Mobile Customer Service Center, a ±77,484 square foot Class A, single-story office building at 3265 E. Goldstone Drive in Meridian, Idaho, which is fully leased to T-Mobile.

PROPERTY WAS SOLD: Redevelopment site, consisting of ±1.70 acres (±74,182 SF), at the northeast corner of 7th Avenue and Thomas Road in Phoenix.

SOLD: Chandler Crossroads, a ±100,243-square-foot, Class A, light industrial warehouse building situated on ±9.39 acres, located within the Chandler Airpark in Chandler, Arizona. Property was sold as a part of the Chandler Assets Portfolio, which included Chandler Corporate Center IV and land at Chandler Crossroads.

SOLD: Chandler Corporate Center IV, a ±85,797-rentable-square-foot newly constructed, Class A, single-story office building located within Chandler Corporate Center North in Chandler, Arizona. Property was sold as a part of the Chandler Assets Portfolio, which included Chandler Crossroads and land at Chandler Crossroads.