THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED BY THE BROKER. ALL DIMENSIONS, SIZES AND FIGURES ARE APPROXIMATE. THE PROPERTY IS SUBJECT TO PRIOR SALE, PRICE CHANGE OR WITHDRAWAL.

8141 E Indian Bend Rd, Suite 103Scottsdale AZ 85250Tel: (480) 443-8570Fax: (480) 443-3736www.westland-properties.com

EXCLUSIVE LISTINGTRISTANOS

27th AVE & DOBBINS RD | PHOENIX, ARIZONA

LOCATION Site is located at the Northeast corner of 27th Ave & Dobbins Rd, Phoenix,Arizona

NUMBER OF ACRES 19.7063 Gross

NUMBER OF LOTS 40 Partially Developed Lots | 80’ x 130’

SETBACKS 13’ Combined Side Yard / 25’ Front / 20’ Rear

APPROVED ZONING R1-18 / City of Phoenix

PURCHASE PRICE Contact Brokers for Current Pricing

SUGGESTED TERMS Cash. 60-day Feasibility Period with a close of escrow 30-days thereafter.

UTILITIES WaterSewerElectric

City of PhoenixCity of PhoenixSalt River Project

CONTACT Grant D. Helgeson, Don McCaulWestland Properties Group

COMMENTS This is an excellent infill location with large lots and fabulous mountainviews, with good proximity to South Mountain Community College, parks,golf courses and future 202 Freeway expansion. 2016 Annual Taxesestimated at $185/Lot.

27th

Ave

W Dobbins Rd W Dobbins Rd

S 27

th A

ve

S 24

th D

r

Imagery ©2017 , DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency

TRISTANOS40 PARTIALLY DEVELOPED LOTS | 80' x 130'27th AVE & DOBBINS RDPHOENIX, ARIZONA

8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com

WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149

Don McCaul, Broker - Direct: (480) 675-5144

27th

Ave

W Dobbins Rd

W Baseline Rd

W Southern Ave

S C

entr

al A

ve

S 7t

h A

ve

S 19

th A

ve

S 35

th A

ve

PhoenixLaSalvia

Laveen Village

RVG

Nakase

Augustine

PUHSD

Santolina

MCFC

Silva Mountain

Southern Views

Hom

Newcastle

Liberty

Mundall

Black

Ward

Nakase

Barcelona

Yacoub

GPIP

Beals

Dobbins Manor

Hall

Guerrero

Triana

Silverstone Estates

Perez

Veneto

Messeto

Tristanos

BSS

Silva

Knapple

Hom

Silva Mountain II

Silva Mountain III

Dobbins Place

SPR

Commons

PAH

Bergland

AZ Lutheran

Sundesh

Roosevelt SD

AZ WF

Roosevelt SD

Park Meadows

Larkey

Flores

Gaona

Madison Ranch

Silva

Laveen Landing

Masjid

En Familia

7DA

Ruiz

S27

SPR

GreenKWC

Herdez

Anderson Haronid

Haro

Hernandez

Laveen Gardens

AD

Deman

Cruz

Branham

SRP

Selvia

Lewis

Siebert

HaldimanHallock Griffeth

Laveen Village

Weiler

Cromer

Mundall

Blake

Branham

Laveen Village Villas

La Hermosa Church

Watanabe

Estates at Sierra Vista

Laveen SD59

FWC

Hollandra Farms

Baseline Mtn Ranch

Phoenix

Dall

Embarcadero

Vintage III

35 Southern

S&L Property

Maria Rose

Corona Ranch

Fong

Linsenmeyer

Smith

Hill

Garcia

Chew

Acorn Beverly

Cantu

Highline Estates

Parker

Nab Nursery

NavajoCarangelo

Gallegos

S&F

SSCW

Pina

Dewitt

Bello

CasillasMartinez

Molodow

Diko

Silva

Wireless

Goodwin

Dos Palmas South

Bivens

Helander TorrezCarson

Drieseszun

Span

Applebee

Gangadean

Akamai

15th

19 Commons

Seiler35 Baseline

Uddin

Wehlen

EGR

Stine

Williams

New Destiny

Villa

Madera Estates

Siebert

Felix

Fuentes

Glass

Norton

Delonna

Garcia

Way of Life

LieboldHellman

Bennett

Southern Highlands

Clark

Genesis

Ruiz

Roper

48 Baseline

SW Note

Towner

Guevara

Stillman

Ramirez

Cordova

Ronstadt

Jackson

DaileyTristan

Dobbins 32

De Los Rios

Wynn

Pina

Patel

Black

9013

Rodriguez

South Mtn Lofts

SEC Central Dobbins

Larson

Gonzalez

Eye Dog Foundation

Rosell

Williams

NW Communications

Coronado

Brimet II

Rodriguez

Park Meadows 2

Comercio

Phoenix

Imagery ©2017 , DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency

TRISTANOS40 PARTIALLY DEVELOPED LOTS | 80' x 130'27th AVE & DOBBINS RDPHOENIX, ARIZONA

8141 E Indian Bend Rd, Ste 103 Scottsdale AZ 85250Tel: (480) 443-8570 / Fax: (480) 443-3736www.westland-properties.com

WPG WESTLAND PROPERTIESGROUP|Grant D Helgeson, Designated Broker - Direct: (480) 675-5149

Don McCaul, Broker - Direct: (480) 675-5144

Meyers Index Rating

SITE REPORT

ARIZONA

545

2617 W Hazelwood St, Phoenix AZ 85041

2617 W Hazelwood St, Phoenix AZ 85041

1

33.3638N -112.1163W

Prepared by Ben Sanchez at Westland Properties Group

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Parcel Details

2

PARCEL CHARACTERISTICS

Land Use

RESIDENTIAL LOT

sq ft

Lot Size

15,406APN

30017743

Zoning

S-1 acres

Lot Size

0.35

LAST RECORDED CLOSING

Date

May. 21, 2010Sale Price Lot Price per sq ft

$33.75$520,000

OWNER INFORMATION

Name Address In Care OfLEXIN TAPESTRY HOMES LLC -654 MADISON AVE #2205, NEW YORK

NY, 10065

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Economy

3

Phoenix-Mesa-Scottsdale CBSA Metro Area

Maricopa County

JOB GROWTH year-over-year

Jul. 2017 Job Growth:

new jobs31,8002017 Job Forecast:

new jobs46,010

UNEMPLOYMENT RATE

Jul. 2017 Unemployment:

4.3%Unemployment 2017 Forecast:

4.4%

Banner Health

JOB GROWTH

Aug. 2017 Job Growth:

new jobs42,0162017 Job Forecast:

new jobsHoneywell International Inc 7,121

American Express 7,269

Wells Fargo 4,869

Bank of America 4,635

44,048

TOP EMPLOYERS

EMPLOYMENT BY SECTOR

# employees

OFFICE ABSORPTION

ANNUAL JOB GROWTH BY SECTOR

9,145

2015

172,920

57,640

-172,920

-57,640-115,280

-230,560

115,280

0

1999

2011

1995

2007

2018

F19

9120

03

2000

169,320

-169,320

56,440

-56,440

-225,760

112,880

-112,880

0

2012

1982

1994

2006

2018

F19

7619

88

TTU

7,240

-7,240

14,480

3,620

-3,620

10,860

0

NRMPBSOMIHGFEHCON

2000

4.0

8.0

12.0

2.0

6.0

10.0

0.0

2018

F19

9020

10

Construction (CON)5.4%

Education & Health (EH)15.0%

Government (G)11.1%

Information (I)1.8%

Finance (F)9.2%

Hospitality (H)11.1%

Manufacturing (M)6.1%

Other (O)3.2%

Natural Resource Mining (NRM)

0.1%

Professional & Business Services (PBS)

17.3%

Trade, Transport & Utilities (TTU)

19.6%

year-over-year

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Community

4

Zip Code 85041

Southwest Elementary School

POPULATION BY AGE

2017E Median Age:

POPULATION GROWTH

2017E Population Growth:

1.02%2022F Population Growth:

Phoenix Coding Academy -

Cesar Chavez High School 4/10

1.95%

SCHOOLS score

CRIME RATE per 1,000 people

Total Crime Rate:

37.59

3/10

2022F

80,240

30,090

60,180

40,120

70,210

20,060

50,150

2017E20102000

HOUSEHOLD GROWTH

2017E Household Growth:

7.90%2022F Household Growth:

1.89%

2022F

11,960

23,920

14,950

5,980

17,940

8,970

20,930

2017E20102000

HOUSEHOLD INCOME

2017E Median Household Incomes:

$42,603

2017E28,890

44,940

32,100

48,150

35,31038,52041,730

2000 2022F85

+

8,495.0

16,990.021,237.5

4,247.5

12,742.5

0.0

75 to

84

65 to

74

55 to

64

45 to

54

35 to

44

25 to

34

15 to

24

Under 15

Violent Crime Rate:

7.13Property Rate:

30.46 30.334.1

30

WALKABILITY

Walk Score: 38/

ETHNICITY

34.43

85041 Arizona

year

Others19.1%

Two Plus3.1%

American Indian1.6%

Pacific Islander0.1%

Asian2.2%

Black10.3%

White25.2%

Hispanic38.4%

2month

100

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Supply

5

Maricopa County

DAYS ON MARKET

Jul. 2017 Days on Market:

PERMITSJul. 2017 Total Residential Permits:

25,373

2004

28,830

57,660

14,415

43,245

72,075

01988 2000 2012 2017LTM1984 1996 20081980 1992

Aug, 201

460

908580757065

Aug, 201

5

Aug, 201

6

Aug, 201

3

Jul, 201

7

63days

Single-family Multifamily

last twelve months

NUMBER OF LISTINGS

Aug. 2017 # of Listings:

Sep, 201

4

28,725

17,235

5,745

22,980

11,490

0

Sep, 201

5

Sep, 201

6

Sep, 201

3

Aug, 201

7

17,906listings

City of Phoenix

PERMITSJul. 2017 Total Residential Permits:

6,136

2017LTM

15,950

9,570

3,190

12,760

6,380

02016201520142013201220112010200920082007200620052004

last twelve months

Single-family Multifamily

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Supply

6

Sold Out ProjectUpcoming ProjectActive ProjectNEARBY PROJECTS

PROJECTNO BUILDER UNIT SIZE TYPE

Silva Mountain Beazer Homes 1716-2822 Detached1 $220,400 - $263,9001111111111111111111111111111

Dobbins Place KDB Management 1464-1991 Detached2 $165,000 - $196,100222222222222222222222222222222222222222222222

Cottages at Silva Mountain Richmond American Homes 1650-2700 Detached3 N/A33333333333333333333333333333333333333333333333333

Estates at Sierra Vista VIP Homes 2407-3660 Detached4 $246,900 - $306,9004444444444444444444444444444444444444444444444444444

Dobbins Place CalAtlantic Homes 1682-2509 Detached5 $196,450 - $225,45055555555555555555555555555555555555555555555

PRICE RANGE

Laveen Landing Hillstone Homes 1507-2875 Detached6 $222,900 - $273,900666666666666666666666666666666666666666666

Enclave at Veneto K. Hovnanian Homes 1697-2886 Detached7 $182,990 - $294,931777777777777777777777777777777777777777777777

Courtyards at Madison Ranch Divinity Homes 1570-2320 Detached8 $207,999 - $232,999888888888888888888888888888888888888888888888888888

Embarcadero Bellago Homes 1677-2300 Detached9 $249,990 - $298,99099999999999999999999999999999999999999999999

Montana Vista Mandalay Homes N/A Detached10 N/A1010101010101011010101010101010100101000010101010101011001010100010101001011011000

Laveen Village Richmond American Homes 2734-2734 Detached11 $274,995 - $274,9951111111111111111111111111111111111111111111111111111111111111

Haciendas at Baseline Mounta… Courtland Communities 1678-2760 Detached12 $209,990 - $262,9901211212121212121222212121212222212122212121212212122212212122222222211

Barcelona Providence Homes 1655-2322 Detached13 $189,900 - $220,0001313131313131313131313133131313133311313131313131333331313131331333313331131313131333333

Barcelona Express Homes 1712-2535 Detached14 $207,490 - $252,490141414144141414141414141414141414141414141414144414414414444444414444444444414444414

Affinity at Montana Vista K. Hovnanian Homes 1605-2685 Detached15 $228,990 - $272,990151515151515151515155515151515151551515155515151551555515555551515151555

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Sales

7

Maricopa County

Total Home Closings

2008

231,875

185,500

139,125

92,750

46,375

02006 2017LTM20042002 20142000 20121998 2010

Tota

l Hom

e Sa

les

Jul. 2017 Total Home Closings:

107,924Jul. 2017 Total New Closings:

14,527Jul. 2017 Total Existing Closings:

93,397

City of Phoenix

Total Home Closings

2008

13,010

26,020

39,030

52,040

65,050

02006 2017LTM20042002 20142000 20121998 2010

Tota

l Hom

e Sa

les

Jul. 2017 Total Home Closings:

27,794 2,03625,758

85041 Zip Code

Total Home Closings last twelve months

2008

5,100

3,060

1,020

4,080

2,040

02006 2017LTM20042002 20142000 20121998 2010

Tota

l Hom

e Sa

les

Jul. 2017 Total Home Closings:

1,078 214864

Jul. 2017 Total New Closings:Jul. 2017 Total Existing Closings:

Jul. 2017 Total New Closings:Jul. 2017 Total Existing Closings:

last twelve months

last twelve months

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Prices

8

85041 Zip Code

CLOSINGS BY PRICE RANGE

280K

-1.3M

340

85

425

170255

0

240K

-280K

200K

-240K

160K

-200K

120K

-160K

80K-12

0K

40K-80

K0-4

0K

CLOSING HOME PRICE

2008

158,760

317,520

105,840

264,600

52,920

211,680

02006 2017LTM20042002 20142000 20121998 2010 20

09

60

40

100

20

80

0

2014

2004

2016

DETACHED AFFORDABILITY

City Of Phoenix

Jul. 2017 Median Detached New:

$324,601Jul. 2017 Median Detached Existing:

$216,233

2008

321,025

192,615

64,205

385,230

256,820

128,410

02006 2017LTM20042002 20142000 20121998 2010

Jul. 2017 Median SFD New:

$222,582Jul. 2017 Median SFD Existing:

$178,351New Existing

last twelve months

New Existing

CLOSING HOME PRICE

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Distress

9

City of Phoenix

HOUSING TRANSACTION VOLUME BY TYPE last twelve months

2017LTM

24,980

6,245

31,225

12,490

18,735

0201620152014

NOTICES OF DEFAULT & FORECLOSURES last twelve months

2008

44,975

35,980

26,985

17,990

8,995

02006 2017LTM20042002 20142000 20121998 2010

Jul. 2017 Notices of Default:

2,520Jul. 2017 Total Foreclosures:

1,147

85041 Zip Code

NOTICES OF DEFAULT & FORECLOSURES last twelve months

2008

1,110

2,220

555

1,665

2,775

02006 2017LTM20042002 20142000 20121998 2010

Jul. 2017 Notices of Default:

175Jul. 2017 Total Foreclosures:

66

New Existing NODForeclosure Sale Foreclosure

2617 W Hazelwood St, Phoenix AZ 85041, Sep. 28, 2017 Appendix

10

ABOUT

DEFINITIONS AND METHODOLOGY

Meyers Research, a Kennedy Wilson Company, combines experienced real estate and technology advisors with leading data to provide our clients with a clear perspective and a strategic path forward. Based in Beverly Hills, we are home to 80 experts in 10 offices across the country.

Experienced real estate and technology advisors.

An international real estate investment and services firm with a success proven legacy.

www.kennedywilson.com

A comprehensive research platform withreal-time information all in one place.

www.meyersresearchllc.com www.zonda.cozonda@meyersresearchllc.com

(877) 966-3210

All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, CBRE- EA, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes.

Meyers IndexThe Meyers Index is a proprietary index that produces a score ranging from 0 to 1,000 for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area

and is calculated using specific data sets weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability.

Walk ScoreWalk Score measures the walkability of a zip code from 0 - 100 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at https://www.walkscore.com/methodology.shtml.

Score ranges:0-49 - car dependent area50-69 - somewhat walkable90-100 - daily errands do not require a car.

DefinitionsCM - Current Month E - Estimated F - Forecast LTM - Last 12 Months