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

Attributes

Year Built 1998

Property Description

Rare, Fortune 10 Single-Tenant Value-Add Opportunity in Scottsdale, AZ.

Investment Highlights

JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in 92 Mountain View (the “Property”), a 116,200 square foot institutionally owned and maintained office building in Scottsdale, Arizona. The single-tenant asset is currently 89% leased to CVS Caremark (S&P: BBB) through March 2022, with an option to extend their term for 10 years at fair market rent. In addition, the Property is immediately adjacent to the larger CVS campus with fiber connectivity between the two locations. The Property benefits from the area’s robust demographics, with an average household income over $145,000 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”). Located in Arizona’s premier submarket, Scottsdale, the Property provides the unique opportunity to acquire an institutional-quality office building that is anchored by an investment grade tenant, with the ability to extend them on a long-term basis. The Property is free and clear of existing debt.
Benjamin Geelan
Benjamin Geelan
Director
Licensed in
SA651991000
Andrew Milne
Andrew Milne
Director
Licensed in
1868031

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.