Fountainhead Office Plaza
1601 & 1625 Fountainhead Pkwy, Tempe, AZ 85282
Property Overview
Fountainhead Office Plaza is a two-building, Class A office campus located within Fountainhead Corporate Park in Tempe, Arizona. The property consists of one six-story building (165,290 RSF) and one 10-story building (273,780 RSF) plus an adjacent six-story parking structure with 2,084 spaces.
The buildings sit on 11.33 acres on the east side of Interstate 10 and have excellent freeway frontage and visibility from this major U.S. Interstate. They are 100 percent net leased to University of Phoenix through August 2023 with no rights to downsize, terminate or purchase.
Investment at a Glance
Location: Tempe, AZ
Property Type: Class A Office
Acquisition Date: September 13, 2011
Purchase Price: $137,000,000
No. of Buildings: 2
No. of Stories: 6 and 10
Square Footage: 439,070
Leased Percentage (at the time of Acquisition): 100%
