Mindy Korth

Colliers exclusively presents the opportunity to acquire Whispering Wind Corporate Center at 2205 & 2225 W. Whispering Wind Drive in Phoenix. This Class A two-building, two-story office complex consists of ±74,443 square feet, featuring dramatic two-story lobbies, attractive architectural details, quality construction and a solid tenant base.

to view the offering memorandum. Price: submit offer.

A short distance from the southeast corner of 23rd Avenue and Happy Valley Road in the North Valley, this property offers exceptional access to area amenities, large employers, strong transportation infrastructure and healthy population densities.

The major tenant, occupying one-half of the project, is W.L. Gore & Associates, a leading manufacturer of advanced technology products. At 98% occupied, the other tenants range in size from 2,974 to 11,898 square feet, representing a diverse mix of institutional-quality tenants.

Whispering Wind Corporate Center offers investors an exceptional opportunity to acquire a modern-design office campus that provides excellent stable cash flow from a mixture of seven creditworthy tenants that are at below-market rents, offering promising future upside.

Each two-story building has floor plates that can efficiently accommodate a full-floor occupant, or demise for two or more tenants. The improvements are conveniently sited so that all parking areas are a short walk to a building entrance.

UNDER CONTRACT: Investment opportunity to acquire Warner Crossing, consisting of two Class A single-story office buildings t 8260 and 8312 S. Hardy Drive in Tempe, Arizona. Building area consists of ±138,180 square feet, set on ±15.55 acres. Property offers an impressive 6.5 per 1,000 parking ratio.

Contact to request the offering memorandum. Asking price: submit offer.

The buildings are 70 percent leased to three institutional tenants, each backed by investment-grade credit, on NNN expense lease structures and with staggered expirations.

The Property has an excellent history of full occupancy, with the one vacancy of ±42,055 square feet only recently available, which is in excellent condition and configuration that is move-in ready.

Constructed in 2000 within Warner Crossing Business Park, the offering provides investors a value-add opportunity to purchase assets with reliable and secure cash flow. With a rent roll that is currently at below-market rates and a WALT of 4.2 years, investors can accelerate rental growth in the future.

The Southeast Valley leads the region in successfully recruiting research, technology and other knowledge-worker firms through its diverse, well-educated workforce and corporate-friendly business environment. The area is home to some of the country’s largest and most prominent employers, such as Honeywell, Intel, McKesson, Charles Schwab, GM Innovation Labs, Microchip Technology, Wells Fargo Bank and Bank of America, among many others.

The existing investment-grade leases currently average 16.9 percent less than the current market rate and will be as much as 25.5 percent below market when the leases mature. Coupled with the lease-up of the vacancy, this provides the opportunity for tremendous cash flow and value appreciation.

The investment-grade credit backing these leases represent a resilient group of business sectors, including international banking, title services, on-line pharmacy services and auto insurance.

UNDER CONTRACT: Investment opportunity to acquire 163 N. Dobson Road in Mesa, Arizona. This ±24,000-square-foot medical tech training campus is 100 percent leased to Arizona College, an accredited medical technician vocational school.

With 10 campuses across four states; there are four campuses throughout Greater Phoenix. Enrollment at the Property is 300, with room to grow as demand for medical-related workers continues to increase.

to view the offering memorandum.

Sale price is $4,814,000 ($201 per square foot). Cap rate is 7.65 percent. Estimated year one NOI is $370,581. Annual NOI increases are approximately 3.0% each December.

Situated just north of Main Street, with excellent visibility along Dobson Road, the attractive, highly efficient Property is centrally located and easily reached from all corners of the Valley. A regional Valley Metro Transit Center immediately adjacent to the Property hosts a Valley Metro Light Rail station, a large Park & Ride, and a Valley Metro Bus hub.

This single-tenant investment opportunity offers a safe, reliable income stream from a reputable training center for healthcare technicians, at a modified gross rental structure that includes annual rental increases of approximately 3.0% during the lease term.

The Property is built with attractive, high-quality materials and provides a building configuration that is easy to work with, resulting in a highly efficient and convenient floor plan.

Arizona College offers convenient 10-month health career programs during a time of increased demand for medical works. With its large increase in enrollment with ample room to grow, the school projects a 2020 revenue of $60 million.

Arizona College was founded almost 30 years ago in 1991, and has 10 campuses across four states.

Opportunity to acquire 40th Street Medical Plaza, a ±41,703-square-foot, two-story medical office property at 16601 N. 40th Street in the Paradise Valley submarket of Phoenix.

to view the offering memorandum. Sale price is $7.26 million ($174 per square foot).

This value-add investment opportunity is 77.4 percent leased to a synergistic mix of 11 quality, tenured specialty and primary care medical providers, while seven vacant suites offer a compelling value-creation component.

One of Arizona’s most prominent surgical specialists, Valley Surgical Clinics, occupies one-third of the Plaza and will sign a 10-year lease at closing.

Within an ideal medical-services location, 40th Street Medical Plaza is off-campus and adjacent to Abrazo’s Scottsdale Hospital Campus and just south of the key intersection of 40th Street and Bell Road, offering great visibility and access for patients.

The three-building, garden-style property was built in 1986, and renovated in 2015. Recent renovations create a fresh, modernized overall appearance inside and out, demonstrating an impressive pride of ownership.

40th Street Medical Plaza offers investors a unique opportunity to acquire a high-performing medical office property that is just off-campus of a major medical center in a submarket with a high barrier to entry from future competition. Investors can enjoy tremendous upside and revenue growth, as well as long-term, stable tenancy with a value-creation component.

UNDER CONTRACT: Offered for sale to qualified investors is a portfolio of three high-performing charter schools strategically located in Ohio that are subject to long-term, absolute NNN lease structures.

This Portfolio consists of ±145,190 square feet located on ±7.78 acres and offers an investor with an institutional-quality investment of reliable cash flow. The three schools in this Portfolio are all operated by a prominent national charter school management organization.

Visit our to view the offering memorandum.

Overall, the Portfolio provides individual lease terms that range from 13.53 to 14.48 years. These schools are strategically located within the highly desirable growth markets of Cincinnati and Cleveland.

- Cleveland Arts & Social Sciences Academy, 10701 Shaker Blvd, Cleveland, OH
- Lake Erie Preparatory School, 14405 St. Clair Ave, Cleveland, OH
- Northside Prep Academy, 4750 Winton Rd, Cincinnati, OH

UNDER CONTRACT: Investment opportunity to acquire Mirage Oasis, a ±25,849-square-foot retail center on ±2.82 acres at 13011 and 13015 W. Greenway Road in El Mirage, Arizona. Two vacant retail pads are also available, totaling ±2.06 acres.

Asking price for the retail center is $5,654,000 ($219 per square foot). Capitalization rate is 7.25 percent.

Middle Pad price is $165,000. South Pad price is $150,000. Total price, including two pads, is $5,969,000.

Visit our . Request the offering memorandum .

Located on the southeast corner of Greenway and Dysart roads, at the border with the city of Surprise, this center serves a young, working community, with a variety of amenities, such as a takeout pizza restaurant, donut shop, Carniceria, nail salon, and dentist. A jiu jitsu academy and Asian fusion restaurant recently committed to the property, leaving one small vacancy.

The shopping center is in the process of also adding an urgent care center, general practitioner, chiropractor and other essential neighborhood services.

The attractive, upscale-designed buildings were constructed in 2009, and include generous walkways, easy vehicular access and parking, as well as ample opportunities for tenant signage on both Greenway Road and Dysart Road, a major gateway to the explosive growth area of the city of Surprise.

In addition to a 95 percent occupied retail center, which is leased at rates significantly below its cohort group of other retail centers, the offering can include two vacant retail pads, a value-add component to create significant future upside. This is a rare, value-add opportunity that offers investors a combination of upside through leasing the remaining space; and significant additional opportunity through future development, ground lease, or sale of the two pads.

By purchasing based upon the in-place NOI from 95% occupancy, the investor can rely on the stable in-place revenue that is spread among nine different businesses, with a weighted average lease term of more than five years, while continuing to grow their cash flow and improve their yield through leasing the remaining vacant space; and increasing the below market rental rates as the leases renew.

UNDER CONTRACT: Value-add investment opportunity for investor or owner/user to acquire 3840 Rosin Court in Sacramento, California. The property is a ±47,866-square-foot, two-story, suburban office building, situated on ±3.78 acres, and offers ample parking; mature, professional landscaping; and easy access.

to view the offering memorandum.

The property contains 11 suites, ranging from ±1,979 square feet to ±7,950 square feet per unit. Two tenants currently occupy 13.5 percent of the building. These suite sizes, building dimensions, generous parking and convenient location will attract a variety of small, medium, and large businesses.

The property is one of five buildings that comprise Sutter Business Park, a master-planned business park of office and flex buildings, ideally situated in northwest Sacramento. Two of the buildings are occupied by owner-users. This business park is within walking distance to numerous restaurants and two hotels, and just south of the Northgate Boulevard full-diamond interchange with Interstate 80.

This offering provides an investor with a value-add opportunity to acquire, at a significant discount from replacement costs, a multi-tenant office building in a time-proven location.

This centralized business park location is 10 miles from Sacramento International Airport and the Downtown-Central Business District. There is convenient and easy access to Interstate 80 and Interstate 5, reaching 2.1 million people within a 40-minute drive. Sacramento offers a qualified workforce, lower cost of living and access to government and education.

As the capital of California, the fifth largest economy worldwide, Sacramento has been experiencing an unprecedented period of rejuvenation, redevelopment, and revitalization. Millennial remote workers are migrating from the Bay Area as they rediscover the lower cost of living and higher quality of life it offers. In fact, according to LinkedIn, Sacramento was ranked #3 nationally in 2020 for positive tech worker migration, and the third overall net migration market in the country.

Offered for sale to qualified investors is a portfolio of four high-performing charter schools, strategically located in Florida, which are subject to long-term, absolute NNN lease structures.

These four Florida properties consist of ±273,853 square feet on ±27.73 acres and offer an investor with an institutional-quality investment of reliable cash flow. The leases are with strong local, regional and national operators and provide the necessary checks and balances to secure the cash flow, maintain appropriate oversight, and assure optimal performance throughout the investment.

to view the offering memorandum.

These schools are strategically located and within highly desirable growth markets. The schools’ locations create high barriers to entry for other traditional and charter public schools.

The Portfolio consists of strong national, regional, and local operators. The new owner will have a direct dialogue to create deep and sustainable relationships into the charter public school marketplace with these strong operators.

Charter schools are tuition-free public schools created through an agreement or “charter” typically between the school and the local district school board. This agreement gives the charter school a measure of expanded freedom relative to traditional public schools in return for a commitment to higher standards of accountability.

- Renaissance Charter School at Plantation, 6701 W Sunrise Blvd, Plantation, FL
- Renaissance Charter School at University, 8399 N University Dr, Tamarac, FL
- Championship Academy of Distinction -Davie Campus, 3367 N University Dr, Davie, FL
- St. Cloud Preparatory Academy, 3101 Progress Ln, St. Cloud, FL

UNDER CONTRACT: Offered for sale to qualified investors is a portfolio of two high-performing charter schools, strategically located in Columbus, Ohio, which are subject to long-term, absolute NNN lease structures.

These two Ohio properties consist of ±58,908 square feet on ±14.35 acres and offer an investor with an institutional-quality investment of reliable cash flow. The leases are with strong local, regional and national operators and provide the necessary checks and balances to secure the cash flow, maintain appropriate oversight, and assure optimal performance throughout the investment.

These schools are strategically located and within highly desirable growth markets. The schools’ locations create high barriers to entry for other traditional and charter public schools.

The Portfolio consists of strong national, regional, and local operators. The new owner will have a direct dialogue to create deep and sustainable relationships into the charter public school marketplace with these strong operators.

Charter schools are tuition-free public schools created through an agreement or “charter” typically between the school and the local district school board. This agreement gives the charter school a measure of expanded freedom relative to traditional public schools in return for a commitment to higher standards of accountability.

- South Scioto Performance Academy, 2200 Winslow Dr, Columbus, OH
- Cesar Chavez College Preparatory School, 2400 Mock Rd, Columbus, OH

Colliers is pleased to present the sale of the site and building occupied by Genesee STEM Academy at 5240 Calkins Road in Flint, Michigan, which is under an absolute NNN lease with more than 15 years of remaining term. The property is conveniently positioned just west of Flint’s city center, surrounded by residential homes.

Asking price is $7,113,000. Visit our to view the offering memorandum.

The property is approximately 28.76 acres and consists of ±51,177 square feet that include spacious classrooms, multi-purpose rooms, a lunchroom, various staff lounges and workrooms, and numerous administrative offices.

This generously sized parcel allows for ample playgrounds, athletic fields, and parking areas. The building was constructed in 1994, and renovated in 2017.

Genesee STEM Academy serves grades pre-kindergarten through 12. The school is the county’s first STEM-certified school, with a curriculum focused on the core content areas of science, technology, engineering and math.

The charter school students are embedded in authentic real-world investigations and projects that encourage them to develop curiosity and motivation to learn. This year-round school has grown from originally serving grades kindergarten through 5th grades in 2013, to serving pre-kindergarten through 12th grades.

SOLD: Land at Chandler Crossroads, consisting of ±8.65 acres, located north of the northwest corner of Gilbert and Queen Creek roads in Chandler Airpark in Chandler, Arizona. Land was sold as a part of the Chandler Assets Portfolio, which included Chandler Corporate Center IV and Chandler Crossroads.

SOLD: Desert Mirage Medical Plaza, a three-building, ±37,424-square-foot, Class A ambulatory surgery center and medical office complex at 12361 W. Bola Drive in Surprise, Arizona.

SOLD: 2600 Tower at 2600 N Central Avenue, consisting of ±323,607 square feet within a 20-story office building in Phoenix, Arizona.

SOLD: Redevelopment site, consisting of ±1.70 acres (±74,182 SF), at the northeast corner of 7th Avenue and Thomas Road in Phoenix.

SOLD: Vertex Education Headquarters, a ±28,187 square foot, single-story office building at 3125 S. Gilbert Road in Chandler, Arizona, situated on ±2.91 acres within the Chandler Airpark,

SOLD: Detroit Public Safety Academy at 1236 and 1250 Rosa Parks Boulevard in Detroit, Michigan, consisting of ±40,818 square feet on ±1.68 acres. Sale price was $2.9 million.

SOLD: Westwind Plaza Shops, a ±21,187-square-foot shopping center on ±2.12 acres, at 10555 and 10575 W. Indian School Road in Avondale, Arizona.

SOLD: Single-tenant net leased medical clinic, consisting of 1,450 square feet, at 16944 W. Bell Road, Suite 603, in Surprise, Arizona.

SOLD: Public charter school campus at 6200 Kansas Ave NE in Washington, D.C. Property consists of a ±43,385-square-foot building on ±1.18 acres, and is occupied by Hope Community Public Charter School-Lamond Campus.  

SOLD: 2020 on Central at 2020 N Central Avenue in Phoenix, consisting of ±247,645 square feet within a 12-story office building and adjoining three-story atrium.

SOLD: 777 Tower at Novus Innovation Corridor®, consisting of ±169,223 square feet, at 777 S. Novus Place in Tempe, Arizona.

SOLD: Newest prototype Starbucks freestanding store with drive-thru at 1252 S. Country Club Drive in Mesa, Arizona. Building consists of ±2,400 square feet on approximately 0.75 acres.

SOLD: The T-Mobile Customer Service Center, a ±77,484 square foot Class A, single-story office building at 3265 E. Goldstone Drive in Meridian, Idaho, which is fully leased to T-Mobile.

SOLD: Chandler Corporate Center IV, a ±85,797-rentable-square-foot, Class A, single-story office building within Chandler Corporate Center North in Chandler, Arizona. Property was sold as a part of the Chandler Assets Portfolio, which included Chandler Crossroads and land at Chandler Crossroads.

SOLD: Chandler Crossroads, a ±100,243-square-foot, Class A, light industrial warehouse building on ±9.39 acres, within the Chandler Airpark in Chandler, Arizona. Property was sold as a part of the Chandler Assets Portfolio, which included Chandler Corporate Center IV and land at Chandler Crossroads.

SOLD: Single-tenant net leased medical condo in Stadium Village Office Condominium business park at 14869 W. Bell Road in Surprise, Arizona.

SOLD: Westwind Plaza, a ±6,192-square-foot, four tenant retail center at 10565 W. Indian School Road in Avondale, Arizona. Land area is ±0.66 acres.

SOLD: Building B in Chandler Medical and Dental Center at 655 S. Dobson Road in Chandler, Arizona, consisting of ±22,537 square feet.

SOLD: Desert Song Wellness Center, a single-story retail building at 3232 N. 20th Street in Phoenix, consisting of ±5,883 rentable square feet on ±1.15 acres.

SOLD: 3033 N Central Avenue in Phoenix, a portion of the nine-story office building consisting of ±80,230 square feet.

SOLD: Sonoran Professional Plaza at 9101 E Brown Road in Mesa, consisting of ±11,104-square-foot building on approximately 1.50 acres.

SOLD: Data center facility, with ±9,575 square feet of building area on ±6.16 acres, at 16422 W. Commerce Drive in Goodyear, Arizona.

SOLD: Two-story, ±38,235-square-foot building on ±5.91 acres, at 5435 W. Pike Plaza Road in Indianapolis, Indiana.  

SOLD: Two contiguous buildings, totaling ±50,315 square feet on ±6.03 acres, at 4751 Walgreen Road in Jacksonville, Florida.