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1655 W Sunrise Boulevard - Sunrise Business Park - Data Center - OneNeck IT Solutions, Gilbert, AZ

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1655 W Sunrise Boulevard - Sunrise Business Park - Data Center - OneNeck IT Solutions

Gilbert, AZ 85233-5020 - Chandler N/Gilbert Ind Submarket

Property Type:Industrial Sub Type:Telecom Hotel/Data Hosting Status:Existing , Renov 2001 Year Built:1998
Building Size:14,168 SF Land Area:.83 AC (36,155 SF)
Ceiling Height:18'0'' Loading Docks:No Rail:- Power:1,200a/277-480v 3p
For Sale Price:$2,900,000 Price/SF:$204.69
Cap Rate:8.20 %
Zoning:I-1, Gilbert Sprinklers:- Drive Ins:1 tot./8'0''w x 10'0''h Cranes:-
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of 1.9/1,000 SF

2/03: M/M Raymond M. & Kathymae Solomon purchased the property from SHUVAH LLC. PLease reference Comps #PXC-22360-04-0320 for more information.

Sale Notes:
Colliers International is very pleased to present this 100% leased, Tier 2 mission-critical data center located at 1655 Sunrise Boulevard, Gilbert, AZ ( Property ). The Property is 100% leased to OneNeck IT Solutions LLC, a wholly-owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS; $3B+ market value and S&P Credit-Rated BB, Stable outlook). OneNeck is a global leader that offers a full suite of hybrid IT solutions including cloud and hosting solutions, managed services, ERP application management, professional services, IT hardware and top tier data centers. This offering provides an investor with a mission-critical facility, occupied by an institutional long-term tenant at a significant discount to replacement cost.

Purpose-built for this tenant, state-of-the-art data center with robust security and redundant connectivity
Institutional-quality tenant OneNeck IT Solutions LLC with a 19-year occupancy history
Current rental rate is ±30% below market, with firm occupancy through 2020 and one below market fixed rate, three-year renewal option
A mature, infill location that is surrounded by amenities
Reliable, low-cost power

Colliers International
Scott D German
(602) 222-5181

Mindy Korth
(602) 222-5005

Kirk Kuller
(602) 222-5179

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