Overview
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Phoenix Education Partners Headquarters (the “Property”), widely recognized as one of the premier, Class A office campuses in the greater Phoenix Metro. Developed by Apollo in 2008 to serve as the company’s global headquarters location, this state-of-the-art, institutional-quality campus is comprised of three office buildings totaling 599,664 square feet and offers a market-leading, 7.7/1,000 SF parking ratio via two multi-level parking structures and several surface lots. The Property is 100% leased to Phoenix Education Partners, Inc. (formerly known as Apollo Education Group) - the parent company of The University of Phoenix, Inc., a pioneer in online education for working adults and the country’s leading for-profit education provider (with roughly 80,000 90,000 enrollment). The lease is on an NNN-basis through March 2031 with 2% fixed annual rental increases, offering an investor predictable long-term cash flow. The Phoenix Education Partners Corporate Headquarters campus is ideally located within the heart of metropolitan Phoenix. It is adjacent to Interstate 10 (I-10), providing centralized access to Highway 60, Interstate 17 (I-17), and Loop 202 and 101 freeways. The campus is within a 10-minute drive from both downtown Phoenix and downtown Tempe, a five-minute drive to Sky Harbor International Airport and is in close proximity to numerous restaurants, hotels, and other amenities
Investment Highlights
Committed, industry-leading tenant: 100% leased to Phoenix Education Partners, Inc. (NYSE: PXED), that recently completed an Initial Public Offering (IPO) and is valued at $1.1 billion market cap.
Contractual income security: Corporate - guaranteed, with a letter of credit, NNN lease through March 2031, with approximately ±5 years remaining as of January 1, 2026; 2.0% annual rent escalations.
Best-in-class construction: Developed in 2007-2008; among the most unique and highest-quality office campuses in Phoenix.
Campus scale and configuration: ±599,664 RSF across 3 buildings, 6-10 stories, on 37.12 acres.
Market-leading parking: 4,608 parking spaces; approximately 7.7/1,000 SF parking ratio, nearly impossible to replicate in this location.
Central, highly visible location: Adjacent to Interstate 10 (325,000+ average daily traffic) with abundant on-site and nearby amenities.
Thriving market fundamentals: Phoenix consistently outpaces the nation in job creation, remains among the fastest-growing large US metros by population gain, and has experienced recent positive office fundamentals with more physical occupancy, vacancy compression, and robust rent growth.
