PHOENIX/CHANDLER
CITY OF CASA GRANDE
For Sale
2300 E. Tanger Drive, Casa Grande AZ 85122
$15,500,000
Purchase Price
Colliers International
8360 E. Raintree Dr. | Ste 130
Scottsdale, AZ 85260
P: +1 480 596 9000
Contact us:
Dillon Hopley
Associate
+1 480 655 3301
Greg Hopley
Executive Vice President
+1 480 655 3333
Jim Keeley, SIOR
Founding Partner | Scottsdale
+1 480 655 3300
CITYGATE COMMERCIAL CENTER
VIEW ONLINE
JIMMIE KERR BOULEVARD
CityGate Commercial Center
± 64.162 Acre Site
> EXECUTIVE SUMMARY
Location ........................................................................................................... 4
Investment Highlights .................................................................................... 4
> PROPERTY OVERVIEW
The Property ................................................................................................... 5
Construction .................................................................................................... 5
Utilities ............................................................................................................. 5
Tenant Finishes ............................................................................................... 5
Parking ............................................................................................................. 5
Existing Billboard ............................................................................................ 5
Vehicular Access ............................................................................................. 5
Freeway Access ............................................................................................... 5
Property Maps ................................................................................................ 6
> AREA OVERVIEW
Neighbors and Amenities ............................................................................... 11
City of Casa Grande Overview .......................................................................12
Casa Grande Demographics ..........................................................................13
Phoenix / Tucson Area Market .......................................................................15
Phoenix Economic Outlook ............................................................................ 16
Table of Contents
CityGate Commercial Center
2300 E. Tanger Drive, Casa Grande, Arizona 85122
Excellent Location With I-10 Frontage
Existing Commerical Center
Existing Suite
Subject Property Looking South
Existing Suite Buildout
CityGate
Commercial
Center
Tucson
2300 E Tanger Drive
Casa Grande, AZ 85122
colliers.com/arizona
YOUR SIGN HERE
Excellent Signage Opportunities seen from I-10
360-degree access around Building (Southwest View)
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
Executive Summary
LOCATION
Conveniently located in the “Sun Corridor” Mega Region between
Tucson and Phoenix, this property is one hour or less from over 8
million people. Forty-ve minutes from the heart of Phoenix Metro
and 55 minutes from Tucson, with one-half mile of I-10 frontage and
adjacent to the I-8 freeway, CityGate enjoys great access.
INVESTMENT HIGHLIGHTS
• 41 individual retail suites
• Individual signage
• Soundproong between suites
• Courtyard directory
• High speed internet & data via Century Link and Cox
• Individual suite temperature controls
• Retail, Oce and Industrial Redevelopment Opportunities
Location Overview
THE PROPERTY
CityGate Commercial Center is located in Case Grande 1.8 miles
north of Interstate 8, fronting the Interstate 10 freeway at Jimmie
Kerr Boulevard (Exit 198). It is comprised of ±188,464 gross square
feet of vacant retail/commercial space on ±29.144 acres and ±35.018
acres of extra land, totaling ±64.162 acres (Pinal County APN 511-20-
012A and 511-20-017A).
GENERAL CONSTRUCTION
The building is designed with the use of masonry block exterior
walls with EIFS over metal studs and concrete oor slab over metal
deck.
UTILITIES
Electricity is provided by APS to individually metered suites. Water
is provided by Arizona Water Company. Sewage is provided by City
of Casa Grande.
TENANT FINISHES
Some suites are built out; some in grey shell condition.
PARKING
Abundant parking available - approximately 1,230 spaces, or
6.5/1,000 ratio.
EXISTING OUTDOOR BILLBOARD
Excellent outdoor billboard currently exists on said property, with
outstanding visibility on Interstate 10.
VEHICULAR ACCESS
Tanger Drive provides access for vehicle trac that exits Interstate
10 at Jimmie Kerr Boulevard (Exit 198).
FREEWAY ACCESS
CityGate Commercial Center is located on ±64.162 acres of land with
direct access on Interstate 10 and 1.8 miles north of Interstate 8.
Distance to Phoenix: Approximately 30 miles
Distance to Tucson: Approximately 45 miles
Zoning: PAD, City of Casa Grande
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
PROPERTY
Pinal County Assessor, 2020
NOT A PART
±2.177 ac
±1.223 ac
±32.841 ac
±27.921 ac
Jimmie Kerr Boulevard
Total Land with Sale of Property: ±64.162 acres
Total Commercial Building Size: ±188,464 SF
PAD SITE
PAD SITE
CityGate
Commerical
Center
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
12
11
1
2
Sources: Esri, HERE , G armin, USGS , Intermap, INCREMENT P, NRCan, Esri Japan, MET I, Esri China (Hong
Kong), Esri Korea, Esri (Thailand), NGC C, (c) OpenStreetMap contributors, and the GIS User Community
Pinal County Assessor Parcel Viewer ·
Assessor Douglas J. Wolf
O
PO Box 709
31 N Pinal St
Florence, AZ 85132
520.866.6361
assessor@p inalcounty az.gov
Pinal Cou nty d oes not guaran tee that any i nformation contained within this da taset or map is accurate, compl ete, or current. This data is f or inf ormational use only and does not constitute a legal
document for the description of these prop erties. The Pinal County disclaims any responsibility or l iabi
lity for an y direct or indirect damages resulting f rom the use of this data. The boundaries depicted within this
dataset or map are for illustrative purp oses only. Users should independently research, investigate, and verify all information bef ore rely ing on this map or using this map in the preparation of legal documents.
Pinal County Assessor's Office
Disclaimer:
51121017B
51121017A
51121012A
PLAT MAP
The CityGate Commercial Center building is located on ±64.162 acres of land with
direct access to Interstate 10 (APN 511-210-12A, 511-210-17A and 511-210-17B).
Looking North
Billboard Signage
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
City of Casa Grande Land Use Guide
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
A Prime Location Between Phoenix Metro and Tucson
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TRAFFIC COUNTS
AHWATUKEE FOOTHILS VILLAGE 35
CHANDLER 40
GILBERT 40
MESA 45
PARADISE VALLEY 60
PHOENIX 45
SCOTTSDALE 55
SKY HARBOR AIRPORT 40
TUCSON METRO
55
Average commuter drive-time in
Metro Phoenix: 35 minutes
DRIVE TIMES
in minutes
60,001 - 90,000
15,001 - 30,000
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
• Former Commercial Development Outlet Center,
now For Sale
• ±188,464 gross square feet
• 41 retail suites in place
• ±64.162 Acres of land, ±36 acres undeveloped
• Current City approved Planned Area
Development Guide dated 6/16/2018 for Phase I
• Zoning to be determined for Phase II
• 45 miles to Tucson
• 30 miles to Phoenix
PHASE I
PHASE II
CITY OF CASA GRANDE
CITYGATE LOOKING WEST
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
PHASE II
136
f
•·=
SF SF SF SF SF SF SF SF SF SF SF SF SF SF
w
�'°
SUITE
NO.
SQ. FOOTAGE FRONTAGE
148 2,500 24’9”
149 4,375 49’10”
Suite numbers go south to north
SUITE
NO.
SQ. FOOTAGE FRONTAGE
101 12,175 104’6”
103 3,000 29’6”
104 4,500 44’10”
105 3,000 30’
106 4,500 44’9”
107 3,300 32’11”
108 2,200 24’2”
109 3,500 33’6”
110 3,000 30’
111 2,800 27’11”
112-113 7,500 74’10”
114 2,700 26’11”
115 6,000 59’8”
116 4,000 39’10”
117 4,500 29’11”
118 5,500 70’3”
119-120 11,300 75’
121 2,700 26’9”
122 1,800 24’11”
123 Mail Rm/Mgmt
O
Restrooms
124 5,000 49’7”
126 2,500 25’
127 2,500 25’10”
128 7,000 89’7”
129-130A 12,800 ±100’
133 2,700 27’6”
134 4,000 40’6”
135 3,500 35’6”
136 2,420 24’9”
137 2,500 24’10”
138 2,700 26’10”
139 2,500 24’11”
140 4,500 43’11”
141 10,000 99’11”
142 3,100 30’10”
143 3,500 34’11”
144 8,000 79’8”
145 3,200 31’11”
146 5,000 49’11”
147 2,500 25’11
101
149
103
Abundant
Parking
±1,145 spaces
or
6/1,000 ratio
Neighbors and Amenities
BUSINESS NEIGHBORS
Promenade at Casa Grande Hexel
Sam’s Club Tractor Supply Company
Wal-Mart Distribution Center Distribution Center
Lucid Motors Nikola Motor Company
Attesa Motorsports Cardinal Healthcare
Banner Hospital
NEARBY GOLF COURSES
Mission Royale Golf Course
Dave White Municipal Golf Course
Francisco Grande Hotel And Golf Resort
Robson Ranch Golf Club
Tierra Grande Public Golf Course
RESORTS AND LIFESTLE COMMUNITIES
Aspire at Villago by K Hovnanian Homes
Palm Creek Resort & Residences
Desert Springs RV Resort & Community | Arizona Resort
Mission Royale by Meritage Homes
Robson Ranch Arizona
Ironwood Village by Keystone Homes
The Garnet of Casa Grande Retirement Community
Caliche Senior Living
Cypress Point Retirement Community
OUTDOOR AMENITIES
Casa Grande Ruins National Monument
Picacho Peak Park
Palm Island Family Aquatic Park
VIEW ONLINE
CityGate Commercial Center
For Sale | 2300 East Tanger Drive, Case Grande, Arizona 85122
CITY OF CASA GRANDE
Casa Grande, Arizona is an outlying suburb in the
Southeast portion of the Phoenix-Scottsdale-Mesa
metro area. The city population is a little over
56,500 and the area is growing at an annual clip of
approximately 3 percent, more than double the
national pace of growth. While much of the
Phoenix metro area is in Maricopa County, Casa
Grande is in fast-growing Pinal County. Pinal
County has grown by 21 percent—adding more
than 79,000 residents—since 2010.
Residents are drawn to Casa Grande for
numerous reasons, including aordable housing,
proximity to job centers and healthy
infrastructure. While Casa Grande accounts for
only a fraction of the Phoenix metro economy, the
city is well positioned for economic growth.
Located at the intersection of Interstate 8 and
Interstate 10, this city is considered directly
halfway between the two largest metro areas in
the state of Arizona, Phoenix and Tucson,
combining a population of more than 5.8 million
people.
More than 2,600 businesses are in Casa Grande,
far outpacing the economic output in nearby
Florence and Maricopa. Major businesses include
an 889,000-square foot Wal-Mart distribution
center, a 525,000-square foot distribution center
for Abbott Nutrition and additional distribution
facilities for National Vitamin Company, Frito
Lay and others.
The Casa Grande economic outlook received a
substantial boost when Menlo Park-based, Lucid
Motors announced plans to construct a $700
million plant for electric car manufacturing. The
999,000 SF plant recently completed the rst
phase of construction in less than a year from
production starting. Lucid Motors can produce
30,000 vehicles a year at its current capacity and
hiring 500 additional workers to produce and
deliver the rst customer-ordered Lucid Air Dream
Edition cars by next spring. The plant sits on 590
acres and could expand to more than 5 million
square feet in four phases, generating the capacity
to build 400,000 vehicles a year and increase the
workforce by more than 4,000 people by 2028.
More information can be found here.
Additionally, in nearby Coolidge (also Pinal
County), hydrogen, electric semi-truck
manufacturer, Nikola Motor Company,
completed the purchase of 430 acres in the Inland
Port Arizona Industrial. The total investment for
this facility of approximately $600 million is
expected to be completed in two phases with the
rst phase scheduled to be completed by late
2021. Ground broke on July 2020, and production
is projected to begin in 2022, initially producing
City of Casa Grande Overview
the Nikola Tre and Nikola Two reaching 35,000 units
annually at full production. The facility is estimated to
employ 2,000+ workers. Information can be found here.
Also coming to Casa Grande is Attesa Motorsports, a
unique lifestye community dedicated to a passionate
audience of racers, fans, researchers, manufacturers and
speed enthusiasts. Attesa will feature a dedicated track,
testing circuit, R&D and professional events. An adjacent
entertainment district, luxury hotel and convention center,
as well as residential, commercial and industrial districts are
also on the board. Approvals have been received from the
City of Casa Grande, and ground breaking is scheduled for
Spring of 2021. Updates can be found here.
Housing aordability in Casa Grande is a driving force of
population growth. The median single-family home price in
Casa Grande is an aordable $168,000, expecting to
increase 14.7% by 2025. The city is home to 39 residential
communities with 13 currently under construction and 10
upcoming projects.
Casa Grande’s population has doubled in size since the year
2000, making it the largest city and tax base in Pinal county.
The city is on pace to continue attracting residents,
businesses, and industries due to its prime location and
beautiful Sonoran climate.
Residents of Casa Grande are within an hour drive of the
largest Universities in Arizona – Arizona State and the
University of Arizona. Casa Grande provides residents and
businesses alike with every opportunity to succeed just far
enough outside the Phoenix Metro to get away from the
urban lifestyle while maintaining proximity to large activity.
Demographics
CityScape Commerical Center
City of Casa Grande Demographics
Age
Income
Households
Population
Employment
$44,719
2010
$67,597
2020
$73,603
2025
19 & Under
27.3%
20-34
19%
35-44
11.2%
45-54
10.2%
54-64
11.7%
65+
20.6%
52.1%
White Collar Employees
Management & Sales
25.5%
Blue Collar
Employees Personal
Care/ Service & Food
Preparation/ Serving
$80,170 $110,200
$168,191 $193,034
2000
2010
2020
2025
1970
10,536
1980
14,971
1990
19,076
2000
25,224
2010
48,571
2020
56,577
2025
61,996
Demographics
CityGate Commercial Center
City of Casa Grande Demographics
U.S. Census Bureau, Esri forecasts for 2020 and 2025, Esri Vintage 2020 Time
Series
Housing: year built
50%
40%
30%
20%
10%
0%
2010-131990-991970-791950-59<1939
Home value
20%
10%
0%
$1,000,000+$750,000$400,000$250,000$150,000<$50,000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
56,000
54,000
52,000
50,000
48,000
Historical trends: population
Population by age
Age 0-9 (%) Age 10-19 (%) Age 20-29 (%)
Age 30-39 (%) Age 40-49 (%) Age 50-59 (%)
Age 60-69 (%) Age 70-79 (%) Age 80+ (%)
(14%) (13%) (13%)
(12%) (11%) (11%)
(12%) (10%) (4%)
5.8%
Alpha: born
2017 to present
23.9%
Generation z:
born 1999 to
2016
22.5%
Millennial:
born 1981 to
1998
Population by generation
16.7%
Generation x:
born 1965 to
1980
22.7%
Baby boomer:
born 1946 to
1964
8.4%
Greatest gen:
born 1945/earlier
Mortgage indicators
$7,807
Avg spent on mortgage &
basics
13.0%
Percent of income for
mortgage
67
Wealth
index
186
Housing
affordability
78
Diversity
index
38.2
Median
age
$54,079
Median
household income
$168,191
Median
home value
56,577
Population
20,664
Households
2.72
Avg size
household
Population trends & key indicators
Casa Grande city |
AMENITIES MAP
The Phoenix-Tucson Arizona Market
1. Phoenix – now #5 largest city in U.S. at 1,660,272 people (https://www.investo-
pedia.com/articles/personal-nance/050815/top-10-most-developed-cities-us.asp)
2. Would change to #1 fastest growing city in the U.S. since 2017 (https://www.
forbes.com/sites/brendarichardson/2019/05/28/census-reveals-the-fastest-growing-
cities-in-the-u-s-heres-why-phoenix-is-so-hot/?sh=6a6f00f1443e)
3. Phoenix-Scottsdale-Mesa-Chandler #10 largest MSA in the U.S (https://www.
statista.com/statistics/183600/population-of-metropolitan-areas-in-the-us/)
a. Bigger than Boston, San Francisco-Oakland-Berkley, Seattle-Tacoma-Bellev-
ue, Minneapolis-St. Paul and San Diego-Chula Vista-Carlsbad)
4. Maricopa County - #1 county in U.S for population growth (https://azgovernor.
gov/governor/news/2019/04/maricopa-county-1-us-population-growth)
5. Added more than 250,000 residents since 2010 – more than any other city in
the country (https://www.yourvalley.net/stories/arizona-remains-a-hot-spot-for-new-
residents-even-amid-time-of-novel-coronavirus,180967)
6. 37,000+ Housing permits in 2020 (Maricopa County)
7. Phoenix leads the nation in single family home prices with 9.2% year-over-year
price increase in 2020 – national average is 4.8% (https://www.bizjournals.com/phoe-
nix/news/2020/09/29/phoenix-home-price-growth-leads-nation.html)
8. Added over 13,800 new construction jobs – an 11% increase in the last year –
most of any metro in the nation during the past 12 months (https://azbigmedia.com/
real-estate/commercial-real-estate/construction/phoenix-has-added-more-construc-
tion-jobs-than-all-other-metros/)
Economic Outlook 2020 highlights economic trends at every level
On Thursday, October 11, the Greater Phoenix Chamber hosted Economic Outlook 2020, an annual breakfast featuring economic
experts who spoke to the coming peaks and valleys at the global, national, and local economies.
For more than two decades, the Chamber has hosted the most premier economic forecast event in the Valley providing actionable
information to approximately 750 business leaders. This year, the keynote speakers Alexandra Hall Hall, Jim Huntzinger, and Elliott
Pollack discussed economic trends that matter to business.
Global Perspective
As the United Kingdom’s Brexit Counsellor at the British Embassy in Washington, D.C., Alexandra Hall Hall is responsible for
spearheading the work of explaining the U.K’s departure from the European Union (EU) to U.S. audiences and promoting a
continuing strong U.S.-U.K. relationship post-Brexit.
She set the stage on the status of Brexit and explained the implications of the looming October 31 deadline. As the Brexit deadline
looms, the U.K. government has made it clear that they would prefer to leave with a deal, but they are not opposed to leaving the EU
without a deal.
“I’m not 100% sure how it will turn out, but we will get through it, and our system is resilient,” said Hall Hall.
She also shared that the U.K. government is preparing for either option—an exit from the EU with a deal and without the deal. From
preparing businesses in the U.K. and hiring trade experts to meet with leaders from other nations, the government is taking steps to
be ready to negotiate independent trade agreements.
“The reason I’m here in Arizona is that we are hoping to start free trade negotiations in the U.S.,” said Hall Hall. “And, we’ve
realized the real decision making isn’t in Washington, it’s with the constituents across the country. We are beeng up our eorts to
understand what is going on in each state. I’m happy to tell you that we’ve identied 12 states that we want to prioritize these eorts,
and Arizona is one of them.”
National Perspective
According to Huntzinger, ten years into the recovery, the country is still doing well and producing. “Jobs, jobs, jobs. [Jobs] will be
a critically important aspect of the [continued] recovery, said Huntzinger. Currently, the underemployment rate is 6.9%, down
substantially from its 18% peak during the 2007 recession. “We have more jobs available than we have people looking for jobs,” said
Huntzinger. “As we’ve put more people to work, consumer condence has risen.”
On the global stage, Huntzinger believes the U.S. economy is poised for success. Currently, U.S. consumers account for 17% of the
global GDP, while the U.S. government accounts for 4% of the world GDP. “The U.S. consumer is a world-class heavyweight when it
comes to economic outcomes,” said Huntzinger. “In the U.S., the consumer is 70% of our GDP.”
Another strong indicator that the economy is doing well is that the consumer savings rate is up to 8%—a rate it hasn’t hit in a very
long time.
Overall, while things are slowing down, Huntzinger doesn’t foresee a recession in the immediate future.
“[We are] now the longest recovery and slowest recovery in our history,” said Jim Huntzinger. “It has lasted as long as it has because
growth has been slow, positive, and stable. It remains that way today.”
Local Perspective
Renowned Arizonan economist Elliott Pollack, CEO of Elliott D. Pollack & Co., took attendees to the micro-level of the economy and
discussed economic trends specic to Arizona. “If last year was the 7th inning, where are we this year? It’s not time to panic,” said
Pollack. “Could there be a recession? Possibly. Will it look like 2007? Not a chance in the world.”
During his presentation, Pollack hit the high notes of what’s helping economic expansion and the key factors that could limit growth
in future years. What’s supporting growth? Individual consumers are in a good spot with high savings and strong debt to income
ratios. “Consumers are spending less on debt than they have since the 80s,” said Pollack. “Consumers are in great shape.”
In Arizona, Pollack believes things are still looking good—specically citing the strong jobs numbers and the state’s strong GDP. “The
state is third in job growth. Greater Phoenix is third out of 36 major metropolitan areas for employment growth,” said Pollack.
From construction and health care to business services and education, Pollack highlighted that industries across the board are
growing. He also cited that Arizona’s population growth, while slower than normal, is still above the national average.
Regarding potential economic threats, Pollack believes that slowing population growth should be a long-term concern and that
the many unknowns could also impact the economy. However, overall, Pollack is optimistic about Arizona’s economic health in the
future.
Phoenix Economic Outlook
Greater Phoenix Chamber Report October 11, 2020
https://phoenixchamber.com/events/ signature-events/economic-outlook-2020-recap/
colliers.com/arizona
Colliers International
8360 E Raintree Dr | Suite 130
Scottsdale, AZ 85260
P: 480-596-9000
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International makes no guarantees,
representations or warranties of any
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CityGate Commercial Center
For Sale
2300 E. Tanger Dr.
Casa Grande, AZ 85122
Contact us:
Dillon Hopley
Associate
+1 480 655 3301
Greg Hopley
Executive Vice President
+1 480 655 3333
Jim Keeley, SIOR
Founding Partner | Scottsdale
+1 480 596 9000
VIEW ONLINE
CityGate Commercial Center Looking South
Existing Suites
TUCSON
Citygate Commercial Center
For Sale | 2300 East Tanger Drive, AZ 85122
±64.162
Acres
Interstate
10
Direct Access
to Property
Currently
Vacant
PAD
Zoning
±188,464 SF
rentable
additional
±36 acres
for development
Excellent development opportunity for oce, retail, industrial, mixed-use, residential or hotel.
TUCSON
JIMMIE KERR BOULEVARD
