$15.6 Million Non-Performing Orlando Office Loan
US - Orlando, FL
$15,602,000 | 141,125 sf
Asset description
Jones Lang LaSalle, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 2444 W Las Palmaritas Drive (the “Property”), a vacant 126,084 square foot, institutional quality, office building. Positioned in Northwest Phoenix, the Property is located within one of the most accessible locations across Metro Phoenix with immediate access to the I-17, via Dunlap Ave to the north and Northern Ave to the south, and is within close proximity to the Metro Light Rail expansion.
With tremendous access to the entire Metro Phoenix area via I-17 and Loop 101 freeways, robust corporate tenant mix in the surrounding area, and freeway visibility and signage, the Property presents a unique investment opportunity. 2444 W Las Palmaritas Drive is offered at a significant discount to replacement cost, with significant upside through lease-up, and
increasing cash flows, in one of the fastest growing MSAs in the nation.
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Attributes
Building area Gross
126,084 sf
Year built
1982
Media
Investment highlights
- Desirable on-site amenities and building features
- Infill, urban-suburban location with a rich amenity base
- Excellent parking ratios
- Significant upside potential through redevelopment
- Offered at a significant discount to replacement cost
- Flexible vacancy opportunity
- Adjacent to the planned $850 Million Metrocenter Mall redevelopment
Contact brokers
2444 W Las Palmaritas (0 Properties)
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Last updated
Jul 11, 2023
