Renovating
Phoenix Tech Campus Renovation
Scottsdale, AZ
Overview
Asset class
Real Estate
Property type
Office
Current value
$35,200,000
Acquisition price
$28,500,000
Total appreciation
$6,700,000
Rental yield
5.5%
Occupancy rate
67.8%
Fund
FNTVS Growth eREIT
Property image not available
Performance
+23.5%
Total Appreciation
$6,700,000
Appreciation Value
$1,950,000
Annual Rental Income
5.5%
Rental Yield
Property Value Performance
Acquisition:
$28,500,000
Current:
$35,200,000
Total Appreciation:
+23.5%
Holding Period:
43 months
Financial Details
Investment Overview
Acquisition price
$28,500,000
Current market value
$35,200,000
Total appreciation
$6,700,000
Appreciation percentage
+23.5%
Cash Flow Analysis
Annual rental income
$1,950,000
Operating expenses
$890,000
Net operating income
$1,060,000
Net cash flow
$1,060,000
Rental yield
5.54%
Cap rate
3.0%
Cash-on-cash return
3.72%
Risk Metrics
Debt-to-value ratio
0.0%
Occupancy rate
67.8%
Holding period
43 months
Return Breakdown
Rental income yield
5.5%
Appreciation contribution
23.5%
Cash yield
6.8%
Total return
29.0%
Property Information
Basic Information
Property type
Office
Property class
Class A
Location
Scottsdale, AZ
Acquisition date
Jun 15, 2022
Status
Renovating
Income producing
Yes
Physical Characteristics
Total square footage
125,000 sq ft
Rentable square footage
115,000 sq ft
Number of floors
6
Year built
1998
Year renovated
2024
Price per sq ft
$281.60
Investment Strategy
Strategy type
Value Add
Projected exit date
Jun 2027
Fund ownership
100.0%
Key Metrics
Cap rate
3.0%
Cash flow
$1,060,000
Debt-to-value
0.0%
Square footage
125,000 sq ft
Rent per sq ft
$16.96/yr
Investment Thesis
Phoenix continues to attract technology companies seeking lower-cost alternatives to coastal markets. Our renovation will position this asset for premium rents.
Location
6801 North Scottsdale Road
Scottsdale, AZ 85253, US
Full Address
6801 North Scottsdale Road
Scottsdale, AZ 85253
Property Type
Office - Class A
Year Built
1998 (Renovated 2024)
Property Size
125,000 sq ft
Amenities & Features
Property Amenities
Modernized lobby and common areas
Outdoor collaboration spaces
Upgraded HVAC and lighting
Expanded parking
Café and conference center
Wellness amenities
Key Investment Features
Targeting tech and creative tenants
Significant capital improvements underway
Strong rental rate growth potential
Excellent freeway access
Our strategy
Real Estate Investment Strategy
Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation
- Expected variability of return: Low to Moderate
- Timing of expected return: Quarterly distributions from rental income
- Primary expected source of returns: Rental income and property appreciation
- Asset focus: Income-generating properties in growing markets
- Geographic strategy: Diversified across major metropolitan markets
- Property management: Professional third-party management with institutional oversight
This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
