$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
Office
Broadway 101
2151 E Broadway Rd, Tempe, AZ, 85282-1893, US
Gallery
Asset description
Jones Lang LaSalle, Inc. (“JLL”), as an exclusive advisor, is pleased to present the opportunity to acquire
Broadway 101 (the “Property”), a 91.5% leased, 164,796 SF two building Class A Office portfolio with
subterranean parking located in Tempe, the Phoenix Metro’s premier office submarket.
Attributes
Building area Net
164,798 sf
Occupancy
90.00%
Year built
1999
Land area Net
9.94 acres (432,986 sf)
Investment highlights
- Historically High Occupancy
- Recently Renovated
- Diversified tenant roster
- 12.3% below-market rents with 3.1 years of WALT
- High barriers to entry, core infill location
- Best-in-class design, amenities & finish
- Amenity-rich Tempe
- Ideal live-work-play location
Contact brokers
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jan 18, 2023