Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Key facts

Year Built 1999
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 75.0 %

Property description

An institutionally owned 126,048 square foot office and 6,170 square foot retail building located in Phoenix, Arizona. Completed in 1999, the Property resides within an Opportunity Zone in the Airport Area submarket less than two miles from Phoenix Sky Harbor International Airport. The area provides convenient access to Loop 202 and State Route 143, allowing for accessibility to all nearby labor pools as well as connectivity to ASU located less than 10 minutes from the Property. Currently 75% leased, the Property offers investors significant upside through the lease-up of ±33,324 square feet of vacancy with mark-to-market upside potential.

Investment highlights

  • Central Location With Convenient Freeway Access
  • Value-Add Opportunity Via Lease-Up With Mark-To-Market Upside Potential
  • Located Within Minutes of Sky Harbor Airport & ASU
  • Located in the path of growth of the Tempe Office Market
  • Immediate Light Rail Access and On-Site Restaurant Amenities
  • Flexibility Through Retail and Office Lot Split
  • Favorable Access to All Nearby Labor Pools
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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