Office

Red Mountain Corporate Center

4801 E Washington St, Phoenix, AZ, 85034-2004, US

Red Mountain Corporate Center_Property for Sale

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Asset description

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.

Attributes

Building area Net
132,221 sf
Occupancy
75.00%
Year built
1999
Land area Net
9.89 acres (430,808 sf)

Investment highlights

  • Central Location With Convenient Freeway Access
  • Value-Add Opportunity Via Lease-Up With Mark-To-Market Upside Potential
  • Located Within Minutes of Sky Harbor Airport & ASU
  • Located in the path of growth of the Tempe Office Market
  • Immediate Light Rail Access and On-Site Restaurant Amenities
  • Flexibility Through Retail and Office Lot Split
  • Favorable Access to All Nearby Labor Pools

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Last updated
Aug 12, 2022