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Lake Biltmore Corporate Center | Investment Sale

Listing was updated on: 10/17/2019
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Property Overview

Price/Rent PSF $ 12,500,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 102,000
Date Available 10/17/2019
Additional URL Link
Floors 2
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Description

Location
Great location within the Metrocenter sub-market. Located just west of the full diamond exchange off the I-17 Freeway north of Peoria Road, this prime location provides excellent freeway access to most of the Valley. The I-17 Corridor is a prime location for large corporate users including Southwest Gas, American Express, Wells Fargo, Honeywell, Farmers Insurance, PetsMart, Mass Mutual, Discover, USAA, Cigna, Blue Cross/Blue Shield, Tri West Healthcare Alliance, and many more. The property sits just north of the +/-1.4 million square foot regional Metrocenter Mall and is surrounded by numerous shopping and dining options like Pei Wei, Chik-Fil-A, Red Lobster, Chipotle, Jason's Deli. Chili's, Texas Roadhouse, In-N-Out, and Pappadeaux.

Sale
Lake Biltmore Corporate Center is a office complex made up of two (2) multi-tenant buildings that combined equal +/-102,000 SF. The buildings feature a distinctive blue glass exterior with beautiful mature landscaping including a lake and offers plentiful surface and covered parking. Interior lobbies and common areas were completely remodeled in 2017 and many of the suites offer lake views. The complex is 75% occupied with a mix of professional tenants and also services executive suites on site making this a stable long-term investment. Lake Biltmore is located within the Metrocenter sub-market. Located just west of the full diamond exchange off the I-17 Freeway north of Peoria Road, this prime location provides excellent freeway access to most of the Valley. The I-17 Corridor is a prime location for large corporate users including Southwest Gas, American Express, Wells Fargo, Honeywell, and many more. The property sits just north of the +/-1.4 million square foot regional Metrocenter Mall and is surrounded by numerous shopping and dining options.

Location

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