Four (4) story, multi-tenant garden office building totaling ±87,030 SF 100% leased to a diversified tenant mix with an average size of ±2,800 SF Freshly renovated with ±$2.20 million invested in capital improvements from 2022 to 2024 which entailed the renovation and/or construction of new ‘spec’ tenant suites for all suites except for one Ideal combination of stability and upside potential with a ±1.9-year WALT and market rent for the property that is ±8.1% higher than the average in-place rent. The competitive set rental rates are ±42% higher than the average in-place rent for the property Fairmount Place’s face rates on new leases increased ±6.85% in the 18 month period between September 2023 and the last lease signed in March 2025. Rates are continuing to increase in the face of a dwindling supply of move-in-ready small office suites Exceptional small tenant configuration, coupled with private entrances, shaded breezeways, a large central courtyard, secure outdoor spaces, and a generous ±3.94/1,000 parking ratio perfectly position the property to take advantage of the area’s highly active small tenant market Over ±1,863,000 SF have been leased in 336 transactions within a three (3)-mile radius from Fairmount Place from 2024 to the 1st quarter of 2025 at an average tenant size of ±5,545 SF Office buildings in metro Phoenix that cater to small tenants are enjoying robust demand and a low vacancy rate of just ±7.6%—vacancy has not reached double digits since 2017 Transit-oriented location within walking distance of the Metro light rail, four (4) freeways within four (4) miles, and 12-minutes from Sky Harbor Airport Situated within Central Phoenix’s dense and rapidly growing urban sprawl—an amenity-rich 24/7 live-and-play hotspot full of restaurants, coffee shops, bars, and newly developed residential Surrounded by historic and affluent neighborhoods of Encanto, Willo, and Phoenix Country Club, in which home values typically range from $500,000 to an excess of $3 million