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