$77.5 Million Non-Performing Office Loan
US - Washington, DC
MYR 341,969,000 | 28,508 m²
An institutionally owned 126,048 square foot office and 6,170 square foot retail building located in Phoenix, Arizona. Completed in 1999, the Property resides within an Opportunity Zone in the Airport Area submarket less than two miles from Phoenix Sky Harbor International Airport. The area provides convenient access to Loop 202 and State Route 143, allowing for accessibility to all nearby labor pools as well as connectivity to ASU located less than 10 minutes from the Property. Currently 75% leased, the Property offers investors significant upside through the lease-up of ±33,324 square feet of vacancy with mark-to-market upside potential.