Portfolio of 2 Office Properties for Sale

• Two (2), four-story institutional-quality office buildings totaling ±230,864 square feet (SF) and an adjacent two-story parking garage.
• ±73% leased to a diverse mix of high-quality tenants, including several publicly traded companies.
• Upcoming vacate of Mobile Mini|WillScot in October 2025 perfectly positions an investor with a reduced basis to capitalize on the submarket’s blossoming small tenant activity and accelerating large tenant demand.
• $4.7 million invested in renovations, building systems upgrades and tenant improvements from 2019 to present.
• Flexible floor plates averaging ±28,800 SF provide ideal bay depths and three (3) exit stairwells collectively enable the floor to efficiently accommodate small-, medium-, and large sized tenants without extensive corridor re-tenanting costs.
• Small tenants have been highly active in the market, leasing an impressive 6.45 million SF in overall Metro Phoenix from 2023 to Year-To-Date (YTD) in 2,219 lease transactions.
• Large tenant (20,000+ SF) demand returning to the metro Phoenix market, with a ±20% Year-Over-Year increase in transaction activity thus far in 2024.
• The 44th Street Corridor holds a direct vacancy of ±14.8% with sublease vacancy totaling just 0.5%.
• Freeway visibility from SR-143 freeway providing prominent tenant signage opportunities.
• True transit-oriented (TOD) location within walking distance of the Metro Light Rail, four (4) different freeways within five (5) miles of the property, and near-immediate vehicular and rail access to the Sky Harbor International Airport.
• Strategically located at the northwest border of Downtown Tempe, benefiting from access to Tempe’s Mill Avenue Entertainment District, a 24/7 live-work-play urban hotspot, and its other amenities.
• Parking ratio of 4.47/1,000 SF is provided by a two-story, 561-space parking garage, 397 surface spaces, and 75 covered spaces.
• Unpriced.