1550EASTMISSOURI

PHOENIX

RARE OWNER/USER INVESTMENT OPPORTUNITY IN THE CAMELBACK CORRIDOR

OFFERING MEMORANDUM

EXCLUSIVE ADVISORS

MIKE GARLICK | 602.952.3825 | mgarlick@ngkf.comMIKE MCQUAID | 602.952.3824 | mmcquaid@ngkf.com

Newmark Knight Frank (“NKF”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest 1550 Missouri (the “Property”), a 34,553 square foot freestanding office building located at the intersection of 16th Street and Missouri Avenue in Phoenix’s premier Camelback Corridor submarket. 1550 East Missouri is an exceptional opportunity for an Owner/User to acquire a signature building at well below replacement cost in The Madison neighborhood, which in recent years has seen significant gentrification of restaurants, retail, residential and multi-family.

1550 Missouri sits prominently on the northwest corner of the Missouri Avenue and 16th Street intersection. The timeless redbrick exterior and ribbon glass window lines offer great appeal on 16th Street and Missouri Avenue. The subterranean parking structure offers the Owner/User a rare amenity for buildings of this size and location. A central atrium provides an open and spacious dynamic as you enter the building. There are scenic and expansive views of Camelback Mountain, Piestewa Peak and the Skyline of 24th & Camelback on the north and east side of the 2nd and 3rd floor. 1550 Missouri is currently configured for multiple Tenants with the 2nd and 3rd floor offering full floor occupancy. A large monument sign on Missouri Avenue offers great signage, visibility and exposure.

±34,553 SFBUILDING SIZE

±0.85LAND SIZE

3.97/1000PARKING RATIO

INCLUDES 75 SUBTERRANEAN SPACES

1987YEAR BUILT

3STORIES

C-2ZONING

PROPERTY HIGHLIGHTS

PROPERTY SUMMARY

ADDRESS:ADDRESS: 1550 E. Missouri Avenue 1550 E. Missouri Avenue Phoenix, AZ 85016Phoenix, AZ 85016

SIZE ±34,553 SF

SITE AREA ±.85 acres

NO. OF STORIES 3

APN 162-02-055B 162-02-063A

ZONING C-2, City of Phoenix

YEAR BUILT 1987

PARKING RATIO

4.0:1,000 SF (subterranean structure and surface)

LOCATION Located eight (8) blocks from the “bullseye” of the 24th Street and Camelback Road intersection in the Prestigious Camelback Corridor office submarket. The Madison neighborhood is one of Phoenix’s top retail and residential trade areas which has seen significant gentrification in recent years.

DISCOUNT TO REPLACEMENT COST 1550 Missouri provides an Owner/User the opportunity to acquire a freestanding office building in the premier metropolitan Phoenix submarket (Camelback Corridor) at a substantial discount to replacement cost (estimated to be nearly $400 per square foot).

SUBTERRANEAN PARKING GARAGE 1550 Missouri offers a parking ratio of 4.0/1,000 rentable square feet. Tenant parking is provided via a subterranean parking structure and surface. The subterranean structure a rare differentiator for an office building of this space and in this strategic location.

16TH STREET16TH STREETMISSOURI AVE.

MISSOURI AVE.

SUPERIOR AMENITY BASE 1550 East Missouri is surrounded by a variety of first-class amenities, including numerous shops, restaurants, hotels and golf courses. The Central Phoenix Restaurant District is less than one mile to the west and features some of the city’s hottest gastropubs and breweries. One mile to the east, at the “Main & Main” intersection of 24th Street and Camelback Road, is the Camelback Esplanade (including the 277-room Camby Hotel), the Biltmore Fashion Park (Phoenix’s premier luxury lifestyle retail center), The Shops at Town & Country, Camelback Colonnade, and the lavish Arizona Biltmore Resort & Golf Club.

CENTRALIZED REGIONAL ACCESS 1550 Missouri is situated adjacent to the SR-51 freeway with direct access via both Bethany Home Road, Colter Street and Highland Avenue. The unique location provides tenants immediate proximity to the amenity-rich Camelback district without the everyday hassle of Camelback Road congestion. The Property also offers convenient access to Downtown Phoenix, Sky Harbor International Airport, North Phoenix, Paradise Valley, Scottsdale, and the desirable Arcadia, Biltmore and North Central neighborhoods. The central location is well situated for both executives and a diverse labor pool of employees.

HIGHLAND AVE.

CAMELBACK RD.

CAMPBELL AVE.

INDIAN SCHOOL RD.

MISSOURI AVE.

COLTER ST.

CEN

TRA

L AV

E.

7TH

ST.

12TH

ST.

16TH

ST.

20TH

ST.

24TH

ST.

18TH

ST.

BETHANY HOME RD.

MARYLAND AVE.

NORTHERN AVE.

GLENDALE AVE.

LINCOLN DR.

1550EASTMISSOURI

PHOENIX

Federal PizzaJoyridePostino CentralWindsor

St. FrancisHula’s Modern TikiFlower Child

Oregano’sSunUp

Los Dos MolinosRosie McCa� rey’s Irish Pub

Culver’s

The YardCulinary Dropout

Mora ItalianCold Beer & Cheeseburgers

BevvyStock & Stable

PURE Sushi ColonyHonor Amongst Thieves

Pita JungleSpinato’s PizzeriaPomeroy’sStarbucks

Otro CafeCamp SocialHatter and Hare

Moto SushiBabboSprouts

Baja FreshZoës Kitchen

StarbucksEinstein Bros Bagels

Jamba JuiceYogi’s Grill

Duck & DecanturChick-fi l-A

Uncle Bi� ’s California Killer CookiesChristo’s Jordan’s Mexican food613 Grill

Blanco TacosChristopher’s CrushZinburgerCalifornia Pizza KitchenTrue Food KitchenCheesecake FactoryFrost GelatoStarbucksThe Capital GrilleSeason’s 52

Cafe RioTokyo Joe’sHopdoddyWhole FoodsPizzeria BiancoPotbelly The Macintosh Nekter JuiceNrGizeTwin PeaksSnooze

MercBarCity Market DeliThe Camby HotelArtizenTEN

5 & Diner

Half Moon Sports Grill

Bluewater Grill Ajo Al’s

ChipotleJimmy Johns

Corleone’s

LaBella PizzeriaChen & Wok

Linger Longer LoungeThe Human Bean

Richardson’sRokerij

Dick’s HideawayLuci’s

Rehab Burger TherapyThe Vig

Texaz GrillThe Whining Pig

a BakeshopThe Bakery Phx

Capriotti’s

ZippsSan Tan Brewing Company

Phoenix City Grille

Daily DoseAhi Poke

In-N-Out BurgerCafe Zupas

Jersey Mike’sPanera BreadSmashburger

Fry’sGreka Pita

NYPD PizzaPork on a Fork

The ParlorAramadillo GrillArriba’s

ScrambleOverEasyThe Gladly

Panda ExpressJimmy John’sLos Taquitos

Dutch BrosThe HabitSierra Bonita Grill

Pei WeiScott’s GenerationsSauce PizzaSafeway

Phoenix Ale BreweryRito’s Mexican FoodPubblico Italian EateryWildfl ower Bread CompanyFuego BistroThe Womack

Raising Cane’s

THE MADISON DISTRICT1550 Missouri is centrally located between two of the region’s

most vibrant retail and amenity districts – the established 24th

and Camelback intersection to the east and the newly revitalized

Madison Neighborhood (Missouri Avenue to Bethany Home from

7th Street to 16th Street) to the west. The abundance of amenity

options, coupled with the established North Central residential

neighborhoods and strong surrounding demographics, have

attracted investors to the area in recent years.

The Madison District has quickly evolved into one of the most

exciting areas in all of metropolitan Phoenix. Driven primarily by the

explosion of adaptive re-use retail and multifamily development,

the Madison Neighborhood has been transformed into one of the

top destinations in all of Phoenix for residents and businesses

alike. Residential redevelopment and sale activity has ticked up as

Phoenicians are drawn to the live/work/play opportunity that exists

within the district. Unlike the majority of Phoenix, the Madison

neighborhood offers a unique combination of traditional ranch style

homes – complete with natural grass lots and mature green tree

landscaping – and amenity laced urban corridors.

The Madison Neighborhood is home to some of the hottest

restaurant and shopping districts in the Valley. The thoroughfares

at the intersections of 7th Street and Missouri (1.1 miles) and Bethany

Home and 16th Street (0.6 miles) have become destinations for

some of Phoenix’s most popular and established restaurateurs

such as Sam Fox, Tucker Woodbury, and Scott Conant. The central

location and proximity to these districts enables 1550 Missouri to

enjoy the best of both worlds – tenants have access to the trendy,

in vogue amenities within the Madison Neighborhood trade area as

well as the traditional, upscale shops located in Biltmore trade area.

177RESTAURANTS

96RETAIL AMENITIES

7,961MULTIFAMILY UNITS

FLOOR PLAN - SECOND FLOOR

FLOOR PLAN - THIRD FLOOR

ScottsdaleScottsdale

Camelback Esplanade The Shops at Town & Country

Camelback Colonnade

Camelback Road

Camelback Road

Missouri Ave.

Missouri Ave.

16th Street16th Street

Peak 16(233 Luxury Apartment Units)

Desert Storm Desert Storm ParkPark

Biltmore Fashion Park

Camelback Camelback MountainMountain

The Trend at 51(191 Luxury Apartment Units)

Biltmore Square(367 Luxury Condo Units)

1550EASTMISSOURI

PHOENIX

EXCLUSIVE ADVISORS

MIKE GARLICK602.952.3825

mgarlick@ngkf.com

MIKE MCQUAID 602.952.3824

mmcquaid@ngkf.com

T h e i n f o r m a t i o n c o n t a i n e d h e r e i n h a s b e e n o b t a i n e d f r o m s o u r c e s d e e m e d r e l i a b l e b u t h a s n o t b e e n v e r i f i e d a n d n o g u a r a n t e e , w a r r a n t y o r r e p r e s e n t a t i o n , e i t h e r ex p r e s s o r i m p l i e d , i s m a d e w i t h r e s p e c t t o s u c h i n f o r m a t i o n . Te r m s o f s a l e o r l e a s e a n d a v a i l a b i l i t y a r e s u b j e c t t o c h a n g e o r w i t h d r a w a l w i t h o u t n o t i c e .

2398 East Camelback Road, Suite 950 | Phoenix, AZ 85016 | Phone: 602.952.3800 | Fax: 602.952.3801