$21 Million Sale Closed For Home Depot “new age” Tempe Call Center

Located in one of the hottest submarkets in Phoenix, with a state-of-the-art facility and excellent access, this opportunity was incredibly appealing to investors that saw a long-term secure income stream with Home Depot,

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the $21.13 million sale of 1616 West 17th Street, a 111,349-square-foot, newly renovated office building that is fully leased to Home Depot U.S.A., Inc. in Tempe, Arizona.

HFF marketed the property on behalf of the seller, Tempe One Investors, LLC, and procured the buyer, Spirit Realty Capital.

1616 West 17th Street is a single-story facility serving as Home Depot’s flagship “new age” call center.  Extensively renovated in 2015, the property features state-of-the-art training rooms, energy efficient LED lighting, and a full workout facility.  Located proximate to Interstate 10 and State Route 143, the asset has regional access to the broader Phoenix MSA and is not far from Phoenix Sky Harbor International Airport and Arizona State University.  There are more than 300,000 residents within a five-mile radius of the property, with this number estimated to grow more than eight percent through 2021.

Located in one of the hottest submarkets in Phoenix, with a state-of-the-art facility and excellent access, this opportunity was incredibly appealing to investors that saw a long-term secure income stream with Home Depot,” Osbrink said.  “Today more than ever we are seeing a significant push of capital into the Phoenix market.”

 

1 Comment on "$21 Million Sale Closed For Home Depot “new age” Tempe Call Center"

  1. What about Tucson and Pima County? We could use the capitol and jobs. Oh I forget that we are still trying to fill 10 year old potholes. We can’t be bothered with local prosperity. The priority is balloons and soccer fields. We are at 5th place on the list for poorest metropolitan area. Why not pull all the stops out and shoot for 4th place?

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