Marcus & Millichap is pleased to offer the opportunity to acquire 8211 South 48th Street (the “Asset” or “Property”), located in Phoenix, Arizona. The Asset is a +/- 56,680 SF, institutional quality, two-story office building benefiting from a prime infill location with ease of access onto Interstate 10, other major highways, and an easy back route to the affluent Ahwatukee neighborhood.

This two-story building is an exceptional vacant value-add investment, owner-user opportunity, or redevelopment with high quality infrastructure and multi- tenant capabilities. The Asset has multiple access points, central elevator and restroom corridor, and open lobby area offering floor plate flexibility. The buildout consists of interior conference rooms, some perimeter offices, and wide-open areas with significant natural light. Additionally, the Asset has a +/- 4.46 / 1,000 SF parking ratio totaling +/-253 parking spaces, including +/- 77 covered parking stalls, with multiple entrance / egress points off South 48th Street and Pointe Parkway West.

The Asset is being offered well below replacement cost, providing future ownership a much lower basis than existing competitive buildings. At a lower basis compared to surrounding competing properties, a new owner will have an advantage to attract potential tenants with tenant improvement incentives and reasonable rents. Limited inventory for quality owner-user offices in the Valley, no substantial deliveries in the submarket, and a construction pipeline that is currently empty are all factors that will benefit new ownership. This Asset is being offered at $105/SF with replacement costs estimated to be well above $250/SF.

The infill location, favorable zoning, and the lack of available office comparable in the Valley, positioned this Asset for success.