Repositioning and Conversion Opportunity: 125,172 SF three-story garden office building, built in 1985. Successfully rezoned & entitled for a 233-unit Multifamily Conversion. The building is located within an Opportunity Zone . Fully Entitled | Approved R-5 Zoning | Opportunity Zone Property Overview: This ±125,172 SF three-story garden office building, originally constructed in 1985 and extensively renovated in 2022, is fully entitled and rezoned for a 233-unit multifamily residential conversion under R-5 Zoning. The site spans 3.38 acres (5.11 gross acres) and is strategically located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors. Multifamily Conversion Highlights: • Approved R-5 Multifamily Residence District – Restricted Commercial • 100% entitled for up to 233 residential units • Preliminary conversion plans prepared for 108-units: o 38 Studios (Avg. ±631 SF) o 55 One-Bedrooms (Avg. ±885 SF) o 15 Two-Bedrooms (Avg. ±1,065 SF) • ±4.0/1,000 SF parking ratio o ±500 total spaces o ±355 spaces in three-level structured garage Strategic Location: • Less than ¼ mile from Valley Metro Light Rail (19th Ave & Dunlap and 25th Ave & Dunlap stations within walking distance) • Direct access to I-17 Freeway (Dunlap full diamond interchange) • 5 minutes to Loop 101, 8 minutes to I-10 • 15 minutes to Downtown Phoenix and Sky Harbor Airport • 20 minutes to TSMC’s $165B semiconductor fabrication campus • 1 mile east of the $850M Metrocenter Mall redevelopment • Surrounded by a workforce of 40,000+ employees within a 3-mile radius Property Features: • Located in a high job density corridor • Second and third floors opened to shell condition – ideal for redevelopment • Renovated in 2022 with significant capital improvements • Excellent visibility and accessibility Investment Highlights: • Located in a Qualified Opportunity Zone – potential for preferential tax treatment per IRS guidelines • Significant value-add potential with approved multifamily entitlements • Strong demand drivers: connectivity, nearby job hubs, and urban redevelopment momentum Property Video: https://www.youtube.com/watch?v=OAxPMje1xD4