Rio 2100_Propiedad en venta
Rio 2100_Propiedad en venta

Rio 2100

Tempe, AZ, US, Americas

Descripción

Jones Lang LaSalle, Inc. ("JLL"), as exclusive advisor, is pleased to present the opportunity to acquire Rio 2100 (the "Property"), a 300,000 square foot, two-building, Class A office campus located at 2114 and 2116 East Achieve Way in Tempe, Arizona. Delivered in 2018 and 2019 and situated on ±12.2 acres within the ±60-acre Rio 2100 master-planned business park, the Property is currently 100% leased to Achieve (formerly Freedom

Financial Network) and NewRez — a wholly-owned subsidiary of Rithm Capital (NYSE: RITM) — under long-term, triple-net leases expiring concurrently on June 30, 2030.


Situated within Tempe, Arizona's dominant office submarket — where Tier 1 and Tier 2 vacancy is a market-leading 11.6% and active tenant demand of 1.75 million square feet outpaces every other Phoenix submarket by 2.5x — Rio 2100 is one of a handful of true Class A, large-floor-plate campuses capable of accommodating a large corporate user. In-place rents of $30.40/SF NNN (FSG Equivalent: $36.90) are well below the Tempe Tier 1 and Tier 2 weighted average of $49.13/SF and present a 40.2% mark-to-market opportunity, the largest in Tempe.


A 40-year Government Property Lease Excise Tax ("GPLET") structure sets property taxes for the next 32 years at no more than $1.87/SF. This set tax advantage creates a durable structural cost-of-occupancy advantage that is unmatched within the Tempe market.


Rio 2100 provides investors with a unique combination of contracted NNN cash flow, substantial embedded rent upside, and a structural competitive advantage in an effectively supply-constrained market — available at a meaningful discount to both current market rents and replacement cost.


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Atributos

Superficie bruta construida
27.871 m²
Año de construcción
2018
WAULT
3.7 años
Rio 2100 (2 Propiedades)
Rio 2100 (2 Propiedades)

Media

Aspectos destacados de la inversión

  1. Class-A Office Portfolio with 300,000 sqft of prime space in sought-after Tempe, AZ
  2. Modern build, 2018, ensuring competitive edge in a robust office market
  3. Portfolio includes Rio2100 featuring top tenants like Achieve and Freedom Financial
  4. WAULT of 3.7 years: solid lease terms for steady cash flow and reduced turnover
  5. Benefit from below-replacement cost acquisition in booming Arizona market
  6. Room for value-add via future lease-ups and rental growth in prime location

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Última actualización Jun 18, 2026