Copy & Paste Link to Download Offering Memorandum: https://www.ipsocal.com/properties/paradisevillageofficepark2/
A generational opportunity exists to acquire 11801 N. Tatum Blvd and stabilize a boutique offering well below estimated replacement cost. Positioned directly in the heart of Paradise Valley, this offering presents value-add opportunity in Arizona’s most prestigious location. This prime location offers immediate access to Paradise Valley’s best amenities, high household wages, and strong economic base.
Prospective investors are presented with the uncommon opportunity to capitalize on current market dislocation to acquire and fully reposition an asset ahead of a full market recovery. With a best-in-class location, 11801 N. Tatum Blvd is ideally positioned to capture further upside with additional leasing and rent-growth opportunities, especially as the Paradise Valley office market window to recovery will be shorter than many predict.
LOCATION ADVANTAGES
* Situated within the circular Paradise Village Parkway, providing excellent visibility and accessibility.
* Immediate proximity to the newly redeveloped PV Mall, offering a vibrant mixed-use environment.
MARKET POTENTIAL
* The property is part of a reimagined community hub in one of Greater Phoenix’s best neighborhoods with proximity to high-end dining, entertainment, and retail districts.
* Growing residential and commercial development in the area. Surrounding amenities include parks and community gathering spaces, bike/walking paths and luxury residences.
TRANSPORTATION
* Ample parking availability and prominent visibility from Tatum Blvd. 850,000 residents live within a 20 minute drive and 2.3M residents within a 30 minute drive.