Marcus & Millichap is pleased to exclusively offer for sale Talavi Spectrum, a two-story Class A office asset within a favorable office corridor in Glendale, Arizona. Built in 2002 and professionally maintained since development, the asset spans 75,636 square feet on a 5.7-acre lot. The building has timeless design and functionality, including an open, central staircase with limited touchpoints. The complex has a great mix of back office and medical tenants with limited surrounding competition and high barriers to entry. The investment has an occupancy of 88% effective Jan 1, 2021, with two long-term tenants accounting for 61% of its occupancy. Additional value can be created by leasing up the three vacant spaces which are all functional and in great condition. The asset is located in an office corridor with many retail amenities in close proximity. This corridor is home to employers AAA, Alaska Federal Credit Union, Delta Dental AZ HQ, Progressive Leasing, Arizona Department of Transportation and Honeywell. The asset’s surrounding area has continued to grow with significant investments in education and healthcare, diversifying the area’s industries.

Suburban, Class A Office Asset, Located In Desirable Phoenix MSA Submarket

Two Tenants With Long-Term Tenancy Accounting For 61% Occupancy

Surrounded By Rich Retail Options, Highway Access And Large Corporate Employers

Growing Population With Strategic Access To Highly Skilled Employment Base

Strong Office Submarket With Limited Development Potential

Value-Add Opportunity With Lease Up