Sky Harbor Towers_Property for Sale
Sky Harbor Towers_Property for Sale
4605 E Elwood St, Phoenix, AZ, 85040-1973, US

Sky Harbor Towers

Asset Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased

to present the opportunity to acquire the fee simple interest in

Sky Harbor Towers (the “Property”), a revitalized, multi-tenant

office campus totaling 216,338 rentable square feet in Phoenix,

Arizona. Sky Harbor Towers is 84% leased to a diverse tenant

roster, with more than 45% of the rentable square feet comprised

of investment-grade credit. The campus features creative office

space, an on-site café and fitness center, collaborative outdoor

areas, a 30-person conference room, tenant lounge, building

signage with excellent freeway exposure, and an attractive surface

parking ratio of 6.0/1,000 rentable square feet.

Sky Harbor Towers offers the rare opportunity to own real estate

along one of the most visible locations in Metro Phoenix, the

“Broadway Curve.” The location allows users to capitalize on the

280,000+ vehicles per day that pass the property and connectivity

to the greater Phoenix area through ease of access to the

Interstate 10 (I-10) Freeway, Superstition Freeway (US 60), Loop

202 Freeways, and Arizona State Route 143 (SR-143).

Sky Harbor Towers represents a rare opportunity to acquire a

prominent office campus of scale at a significant discount to

replacement cost. This investment provides new ownership

income stability with upside potential through contractual

rental increases, robust rollover schedule, and manageable lease-up opportunities.

...

Attributes

Building area Net
20,098 m²
Occupancy
83.90%
Year built
1989
NOI
€2,741,000

Media

Investment Highlights

  • Transit-oriented location, proximate to Phoenix Sky Harbor Airport and exposure to the I-10 Freeway
  • Stable In-Place Cash Flow with 4.2 Years of WALT

Contact brokers

Sky Harbor Towers (0 Properties)

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Last updated
18 Apr 2023