Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 1515 West 14th Street (the “Property”), a 16.25 acre site that currently houses a 216,236 SF creative office building partially occupied by CarMax, Inc. (NYSE: KMX). As a completely renovated creative office building, current in-place NOI allows for cashflow while working through a variety of ownership options. A next buyer could target corporate users similar to CarMax with requirements in the Sky Harbor Airport submarket and lease-up the building, leveraging the functional 112,000 SF floor plates and a 7.0/1,000 SF parking ratio. Located near the confluence of the I-10 and US-60 freeways, and Arizona State University, the location provides excellent access to 1.2 million workers within a 30-minute commute, as well as proximity to the largest university in the nation.

Alternatively, a next buyer could redevelop the property for industrial use. The Property resides in Tempe and is already zoned for industrial. The building offers an investor a unique opportunity to secure a well-located building with a redevelopment opportunity in the most coveted submarket in Metro Phoenix.