Whispering Wind Corporate Center

Phoenix, AZ

Offering Memorandum

The Offering

Key Facts

Type Class A, two building office complex
Address 2205 & 2225 W Whispering Wind Drive Phoenix, AZ 85085
Building Area ±74,520
Land Area ±4.73 acres
Percent Leased 96%
Number of Tenants/WALT 6/5.3 years
Year Built 2007
Parking Ratio ±4.5 per 1,000 SF
Asking Price $17,100,000
Price PSF $229

Investment Summary

Whispering Wind Corporate Center is a ±74,520 square foot, class A suburban office complex 96% occupied by six diverse tenants. The two building complex features dramatic lobbies, attractive architectural details and quality construction. Both W.L. Gore & Associates, a tenant since 2009, and Sherwin Williams, a tenant since 2019 recently extended their leases for 5 and 10 years respectively.

Strategically located in North Phoenix and situated just seven miles south of the Taiwan Semiconductor Manufacturing Company’s $65 billion fab plants, this location offers exceptional access to area amenities, large employers, strong transportation infrastructure and outstanding population densities.

This property offers investors a significant opportunity to acquire a modern-design office complex that provides excellent stable cash flow from a mixture of six creditworthy tenants that are at below-market rents, offering promising future upside.

Offering Highlights

• SECURE INVESTMENT - Stable cash flow from six institutional-quality tenants from diverse industries, with staggered lease expirations, all of which are at rental rates well below market

• WELL-MAINTAINED BUILDINGS - Professionally maintained complex, limiting any near term capital expenditure by the purchaser

• BELOW REPLACEMENT COST PRICING - An investor will purchase the property at a fraction of what it would cost to build today

• INSTITUTIONAL-QUALITY TENANTS - W.L. Gore & Associates (a leading manufacturer of thousands of advanced technology products for the electronics, fabrics, industrial and medical markets) , and Sherwin Williams (which houses their regional business offices here), are joined by four other business, ranging from software programming to education and from logistics to escrow services

• EASILY ACCESSIBLE - Convenient regional location with easy access to Interstate 17 via Happy Valley Road, accessible to 3.25 million people within a 40-minute commute (i.e. 70% of Maricopa County residents)

• LARGE RANGE OF NEIGHBORHOOD EMPLOYERS - The area is home to dozens of private-entrepreneurial companies, along with numerous large-scale employers such as Cigna, Farmers Insurance, USAA, W.L. Gore and Associates, Albertson’s/Safeway and PetSmart - all of which enjoy the unprecedented labor pool and attractive rental rates

• VERY FUNCTIONAL BUILDING FLOOR PLATES - Each two-story building has floor plates that can efficiently accommodate a full-floor occupant, or demise for two or more tenants

• AMENITY-RICH GROWTH AREA - Adjacent to more than 1.1 million square feet of retail, restaurant, hotel and shopping amenities at Happy Valley Towne Center and The Shops at Norterra