Newmark Capital Markets, as exclusive advisor, is pleased to present the unique opportunity to acquire the leasehold interest in Farmers at 17 North (the Property), two, recently developed office buildings that are 100% leased to Farmers Insurance—one of the highest rated and industry leading insurance companies in the world—on a long-term firm lease (September 2034 lease expiration). Developed in 2017 and 2019 by the prolific, award-winning developer, Ryan Companies, these state-of-the-art buildings are located in the high-growth Deer Valley submarket, and are minutes away from the currently under construction $65 billion Taiwan Semiconductor Manufacturing Company campus.

The Property consists of two, three-story office buildings totaling 300,000 rentable square feet and abundant structured and surface parking providing a 6.2:1,000 SF parking ratio. The Property features luxurious amenities including multiple conference and team training facilities, and tenant lounge areas. It also features abundant natural light, freeway frontage, high visibility, abundant parking and attractive landscaping.

Farmers at 17 North provides investors with an exceptionally high-quality, low-risk investment opportunity with a long-term lease to a financially secure tenant, strong in-place cash flows with contractual rental escalations and is located within an actively evolving and high-growth submarket.