Newmark Phoenix Capital Markets is pleased to present the unique opportunity to acquire the fee-simple interest in the Lender-Owned, One North Central, located at 1 North Central Avenue, Phoenix, Arizona (the "Property), an iconic 20-story Class A office tower located in the heart of Downtown Phoenix, AZ.

This 78% leased trophy office property checks every box that active office investors are seeking today. The Property offers of a combination of consistency and upside via a highly durable income stream, much of which is provided by the building's anchor tenant, Rocket Mortgage (43% of the property) who has tremendous physical occupancy, and both new leasing and mark-to-market upside with in-place rents that are 9% below market. The Property also benefits from favorable property tax treatment via a GPLET through 2051, improving onsite amenities, a better than market ±2.4 per 1,000 SF parking ratio via subterranean and above grade structured parking, unmatched walkability to the abundant amenities that Downtown Phoenix offers, future upside through additional cosmetic enhancements and spec suites, all of which will be sold at a fraction of replacement cost, are all compelling reasons why One North Central has liquidity and will be an appealing investment to the buyer pool.