3 Building Office Portfolio - Phoenix (Metro Center)

3 Bldg Office Portfolio, Phoenix, AZ

Market Price

Price

8.5%

Cap Rate

172,000 sqft

Building Size

Overview
Cap Rate
8.5%
Building Size
172,000 sqft
Class
B
Year Built
1985
Zoning
Commercial Office (C-O)
Floors
2
Description

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.

Documents
Title
Offering Memorandum
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Location
Gallery