Executive Center at Southbank 2023_Property for Sale
Executive Center at Southbank 2023_Property for Sale
3600 E University Dr, Phoenix, AZ, 85034-7245, US

Executive Center at Southbank 2023

Asset Description

Executive Center at Southbank (the “Property”), is a 141,037 square foot institutionally owned and maintained office campus, consisting of seven buildings, in Phoenix, Arizona. Completed in 1989, the Property is currently 79% occupied with a weighted average lease term of 3.2 years. The Property boasts immediate access to several major thoroughfares, including University Drive, and has convenient

access to Interstate 10, a major east-west freeway that connects with Interstate 17, State Route 51, and State Route 143. In addition, the Property is directly adjacent to Phoenix Sky Harbor International Airport and is less than a 5-mile drive to Downtown Tempe and Arizona State University.

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Attributes

Occupancy
79%
Year built
1989
Building area gross
13,192 m²
Floor to ceiling height
22
Parking spaces
870

Media

Investment Highlights

  • Certainty of cash flow with upside potential & strong leasing activity
  • Above market parking ratio
  • Recently renovated, substantial capital investment
  • Central location with tremendous access to major thoroughfares
  • Close proximity to ASU
  • Strong economic fundamentals

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Executive Center at Southbank 2023 (0 Properties)

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Last updated
13 Mar 2024