Objektbeschreibung
Jones Lang LaSalle, Inc., as exclusive advisor, is pleased to
present the opportunity to acquire the leasehold interest in
8700 South Price Road (the “Property”), a 132,070 square
foot, institutional quality, office building.
Positioned in the ASU Research Park, the Property is located
within one of the most accessible locations across Metro
Phoenix with immediate access to the Loop 101 freeway,
via Price Road to the west, and it is within close proximity to
ASU’s main Tempe Campus.
With tremendous access to the entire Valley via the Loop 101
freeway, robust corporate tenant mix in the surrounding area,
and freeway visibility and signage, the Property presents a
unique investment opportunity. 8700 South Price is offered
at a significant discount to replacement costs, with significant
upside through lease-up, and drastically increasing cash
flows, in one of the fastest growing MSAs in the nation.
Eigenschaften
Medien
Investment-Highlights
- Unparalleled central location with direct access and visibility to Loop 101
- Long term ground lease, in lieu of property taxes with 78 years remaining
- Located in the ASU research park
- Class A office amenities
- Property tax benefits
- Located near multiple Fortune 500 companies and Blue-Chip credit tenants
- Strong Phoenix economic fundamentals
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