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2155 W Pinnacle Peak RdPhoenix, AZ 85027
Corridors Corporate Center
Asset ClassOffice
Strategic Location. Strong Tenancy. Superior Returns.
overview of deal

Overview

Corridors Corporate Center, located at 2155 West Pinnacle Peak Road, Phoenix, Arizona (the “Property”) is a high quality, ±132,061 SF, 92% leased, four-story multi-tenant office building that is anchored by Chubb Insurance (NYSE: CB; S&P AA). This highly amenitized investment opportunity checks all the boxes that office tenants seek today including an onsite fitness center with lockers and showers, Corridors Café, conference/training facility, and abundant surface parking, much of which is covered canopy. In addition to the café, this multi-tenant property includes four high quality office tenants with expertise in the insurance, banking, solar and logistics industries, the largest of which being Chubb Insurance, an original tenant to the building, representing 63% of the total Property GLA, and is in full physical occupancy. In addition to Chubb Insurance, the Property recently added another investment grade credit tenant, Umpqua Bank (S&P BBB) -- when combined with Chubb Insurance, investment grade tenancy occupies 80% of the GLA at the Property!

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Investment Highlights

Corridors Corporate Center is a premier, institutional-quality, Class A four story multi-tenant office building located in the Deer Valley submarket of Phoenix, Arizona. Originally constructed in 2001, this ±132,061 square-foot building sits on a ±7.18-acre parcel with extensive site and structural improvements. Strategically positioned at the southeast corner of West Pinnacle Peak Road and North 23rd Avenue, the Property benefits from strong visibility and accessibility. The site is well integrated into a mixed-use commercial corridor, surrounded by retail, office, industrial, multifamily and hospitality properties.

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2155 W Pinnacle Peak RdPhoenix, AZ 85027

Sales Team

Michael GrauszSenior Managing Director(415) 377-0107michael.grausz@nmrk.com

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Listing provided by Revere CRE