• Three (3) story, multi-tenant office building totaling ±108,234 SF on a ±6.32-acre industrial-zoned parcel. • Significant upside potential at ±33% leased. • The vacancy was created by four (4) years of Metro Light Rail on two borders of the parcel (completed January 2024) and a City taking of portions of the parking field suppressed leasing, and that headwind is now permanently gone. • Two paths to value: execute a spec-suite lease-up to a ±$1.0 million as-stabilized NOI at 90% occupancy, or raze and redevelop the industrial-zoned site. • The business plan is straightforward: build move-in-ready spec suites for the trade area’s most active demand segment—small tenants—and add a conference center, training room, catering kitchen, vending lounge, and fitness center that no direct competitor offers. • The competitive set is shrinking beneath the subject: ±808,686 SF of office within one (1) mile has been demolished or is slated for demolition in favor of multifamily and industrial redevelopment, including one of the subject’s eight direct competitors. • The playbook is proven one (1) mile south: BC17 sold in June 2025 at ±$53/SF while ±25% occupied and has since signed four (4) leases totaling ±43,128 SF at $21.50–$28.25 PSF, driving occupancy toward ±65%. • The trade area has already turned: the 11-building cohort’s vacancy has fallen from a 41.0% peak to 30.5%—with total availability at just ±28.1%—on +87,155 SF of positive net absorption YTD 2026. • For developers, the ±6.32-acre site supports ±76,344 SF of multi-tenant small-bay industrial or an ±82,230 SF larger-format building, with in-place office income funding the pre-development period. • Located in an Opportunity Zone one (1) mile from Metrocenter Mall’s $850 million ‘The Metropolitan’ redevelopment, with ±7.7 million SF of retail within three (3) miles and four (4) hospitals within a 10-minute drive. • The I-17 “Silicon Desert” corridor—anchored by TSMC’s $165 billion campus and Amkor’s $7 billion Peoria packaging campus—continues to drive job, population, and industrial demand growth across the trade area.