Phoenix 3 Office Building Portfolio
Listing was updated at: 02/18/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Office
Trade Type Sale
SQ. FT. Available 172,000
Date Available 02/18/2019
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Floors 2
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Description

Location
PT NW4 OF LOT 4 SEC 6 BEG NW COR OF SD SEC E 267F S 282.03F TO POB E 179.45F N 105F E 110F N 177.04 F TO PT ON N LN E 62F S 657.74F W 319.17F N 300F W 33F N 75F TPOB EX N 40F RD & EX S 25F W 216.17F & EX RD P/D 85 035202

LA MANCHA MCR 193-19 PT LOT 8 DESC AS FOL COM S4 COR SEC 36 N 40.01F N 344.12F PT OF CURV CIR CUR CONC SELY RAD 500F TH ALG CUR 170.13F TO TANG N 19D 45M E 101.06F TO CURV RAD 500F ALG CUR 257.72 F TPOB CONT ALG CUR 136.53F TO TANG N 25D 24M W 317.69F N 64D 35M E 30F TO SW COR PARCEL 4 OF LA MANCHA E 316.19F CONT E 23.81 F S 25D 24M E 100F S 09D 38M E 171.82F S 08D 27M E 111.35F S 22D 07M W 76.57F N 85D 20M W 220F S 80D 13M W 30F TPOB & EX W 30F RD

LAKE BILTMORE VILLAGE MCR 166/4 LOT 16 EX BEG SW COR LOT 16 TH N 216F TH E 117F TH S 74D 14M E 84. 18F TH E 110F TH S 91.56F TH S 01D 39M W 100.02F TH W 306.23F POB

Sale
Rare office investment opportunity, Ideal for value add investors looking for large upside post acquisition. These 3 buildings are all located along the I-17 corridor close to the Metro Center Mall area. Part of the portfolio is located in a Federal Opportunity Zone (tax benefits.) The various properties boast nice lobby/reception areas, indoor/outdoor atriums, conference rooms, training rooms, kitchen and break areas. Convenient to business support services such as retail, restaurants, hotels, public transportation etc.

Building 1 - 62,938 SF
Building 2 - 60,321 SF
Building 3 - 48,980 SF

Large upside post acquisition as this portfolio is 48% occupied. Lease up space and turn the property for a sizable return.

Location