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%

$137,000,000 Total Purchase Price
439,070 square feet Total Rentable Area
Class A Building Class