Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1998
Occupancy 96.0 %

Property Description

-Immediate & Future Value Creation Opportunities -Exceptional Tenancy: Anchored by Matrix Medical Network -Strong Economic Fundamentals

Investment Highlights

  • JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in Scottsdale Gateway I (the “Property”), a 107,049 square foot institutionally owned and maintained office building in Scottsdale, Arizona. Completed in 1998, the Property is currently 96% occupied with a weighted average lease term of 5.1 years.
  • Located in Arizona’s premier submarket, Scottsdale, the Property is ideally positioned adjacent to the HonorHealth (Moody’s: A2) Scottsdale Shea Medical Center, a 427-bed, full-service not-for-profit acute care hospital that featured $164 million of EBITDA in 2018 and accounted for 28% of HonorHealth’s systemwide total patient revenue. The Property benefits from the area’s robust demographics, with an average household income over $155,000 within a 5-mile radius, walking distance to over 1.4 million square feet of upscale shopping and dining, and excellent accessibility and visibility via Arizona State Route 101 (the “Loop 101”).
  • The Property provides investors stable in-place cash flow and build-to-suit development potential in one of the nation’s fastest growing technology and medical markets in the country. The Property is being offered free and clear of existing debt.
Benjamin Geelan
Benjamin Geelan
Director, Capital Markets
License details
AZ-SA651991000
Andrew Milne
Andrew Milne
Managing Director, Capital Markets
License details
CA-01868031

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