Description

This office campus consists of eight single-story buildings totaling approximately 101,397 square feet and is situated on an expansive 11.84-acre site with roughly 557 linear feet of frontage along 75th Avenue, offering excellent visibility and a strong presence. Currently 94% leased, the property benefits from a diverse and stable tenant base, with 39% occupied by medical and wellness users and 61% by traditional office tenants. Its campus-style layout, smaller suite configurations, and ample parking make it well-positioned for a full medical conversion if desired. The property has demonstrated exceptional long-term performance, maintaining an average occupancy of approximately 90% over the past decade. Located directly across from the highly successful Arrowhead Towne Center, a 1.1-million-square-foot regional shopping destination featuring over 180 stores and numerous restaurants, the campus enjoys access to a premier walkable amenity base enhanced by surrounding retail centers. The property also offers convenient access to the Loop 101 freeway within 1 to 1.5 miles, connecting it to the greater Phoenix metropolitan area and a population base of approximately 1.7 million residents within a 30-minute drive. Investors benefit from a compelling combination of stable cash flow and upside potential, supported by a weighted average lease term of approximately 3.4 years and in-place rental rates that are about 14.5% below market levels. Designed to serve the area’s active small-tenant market, the campus features efficient suite layouts, convenient drive-up access, and a favorable parking ratio of 4.7 spaces per 1,000 square feet. With an average tenant size of approximately 3,200 square feet across 28 tenants, the property offers enhanced income durability and reduced exposure to large tenant turnover and costly tenant improvements. Market fundamentals remain strong, with office buildings under 50,000 square feet within a three-mile radius reporting a low direct vacancy rate of approximately 7.9%. Leasing activity in the area has also been robust, with nearly 176,649 square feet leased across 37 transactions in 2025, averaging 4,774 square feet per lease. Additionally, the property is located just 15 minutes from the transformative $165 billion TSMC semiconductor campus, the largest foreign investment in U.S. history, which continues to drive significant economic growth throughout metro Phoenix and the Northwest Valley.