8600 Science Dr Tempe, AZ 85284

This exceptional investment opportunity presents the chance to acquire the leasehold interest in Nexus @ ASU Research Park, a 123,864-square-foot Class A office building in Tempe, Arizona. The property is 100% occupied by Amazon.com, Inc. under a modified lease with a remaining term of approximately 4.7 years, expiring July 30, 2029. The lease commenced March 31, 2024, and is guaranteed by the parent company. Amazon utilizes this space as its North American Network Operations Center, supporting its nationwide transportation operations. Built in phases between 1985 and 1995, and extensively repositioned from 2015-2020, the property has undergone over $16 million in capital improvements since 2015, with ongoing enhancements currently underway. These improvements include interior and exterior upgrades, as well as infrastructure enhancements. The property sits on a ground lease with approximately 77 years remaining. Amazon's long-term commitment, significant investment in the property, and consistent occupancy since 2015, demonstrate a strong likelihood of continued operation and success at this prime Tempe location. The property boasts a strong 8.75% cap rate. This is a rare opportunity to acquire a high-quality, fully leased asset anchored by a creditworthy tenant in a thriving market.