X-Message-Number: 2315 Date: Sun, 27 Jun 93 20:03 GMT From: David Brandt-Erichsen <> Subject: CRYONICS Alcor Bldg. >From David Brandt-Erichsen () Yesterday (June 26) I had the opportunity to see the building that Alcor has placed a non-binding down payment on. I was quite impressed that this would be a good opportunity for Alcor, so I offer this preliminary report from one observer. The building is in Scottsdale, Arizona (a suburb of Phoenix) in the Scottsdale Air Park, very near to where another (smaller) building was previously considered by Alcor. The proximity to the airport would make air ambulance service readily accessible. Regular air traffic, however, would be through Sky Harbor Airport about a half hour's drive away. The building has a footprint of 19,000 square feet, and consists of eleven units, of which Alcor presently would need only three. This means that the rest of the building can be leased out to provide income, and be available for future expansion as Alcor grows, removing the need for periodic moves to larger quarters. This, I think, is one of the most attractive features this building provides. The building is selling for $780,000 and is considered to be about $400,000 under market value, or what it would cost to build a similar building. It has 18-foot cielings, something that Alcor needs and is hard to find. Remodeling requirements would be minimal. A previous tenant remodeled one of the units to create an extremely nice office that would give Alcor a very professional look at no extra charge. I heard Steve Bridge say "The closet here is nicer than my current office!" A move to Scottsdale would have another benefit for Alcor. Alcor's chief surgeon, Dr. Nancy McCeachern (she's a doctor of veterinary medicine and a suspension member), lives in Phoenix. Her fee per suspension would be reduced from $3500 to $2500 because local suspensions would be less disruptive to her practice. Also, she is anxious to train two other people to do the surgery, and this can't be easily done from a distance. She also has an excellent research background, having helped develop the first heart-lung machine, so the move would allow Alcor to do additional research as well. The combined advantages of getting Alcor out of the earthquake belt and obtaining a building that would provide income plus plenty of room for expansion in the future makes this look like a good deal to me, provided, of course, that the financing can be accomplished in a suitably conservative manner. Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=2315