The Forum at Gilbert Ranch

"BEST IN MARKET" STABILIZED CLASS A TROPHY OFFICE & MEDICAL CAMPUS
* Five steel framed Class A office/medical buildings within a well-appointed campus setting, offering exceptional glass lines, modern construction and improvements, subterranean and covered parking (extremely rare), a generous 4.4/1,000 SF parking ratio, excellent ingress/egress, and abundant onsite amenities.

* The Project has experienced significant leasing activity over the past few years with 14 new leases or renewals signed since the beginning of 2020. With an average term of 4.3 years and tenant improvement allowances of $10/SF during that time, the Project continues to attract & retain tenants long-term at an affordable cost to ownership.

* 94% leased with staggered rollover, providing new ownership stable cash flow from a diverse tenant base. Furthermore, there is strong upside with the lease-up of the three remaining vacant suites and ability to move in-place rents to market as
in-place rents are approximately 8% below market.

* The Project has an average suite size of 4,500 SF which provides a strong advantage as 80% of the Metro Phoenix office market consists of tenants that require less than 5,000 SF.

EXTREMELY STRONG FUNDAMENTALS | GROWTH AREA
* The Southeast Phoenix office market, “East Valley”, is home to the best corporate and technology names in Phoenix: Liberty Mutual, Verizon, Apria Healthcare, Northrup Grumman, Toyota, PayPal, GoDaddy and Deloitte, Merrill Lynch, Morgan Stanley and Isagenix to name a few.

* Nearly one third of Phoenix’s population lives in the East Valley which is growing twice as fast as the nation (1.8%/year growth vs. 0.8%/year). Additionally, more than 1,000,000 people live within a 20-minute drive of the property.

* Gilbert’s current population of 267,000 doubled every five years from 1980-2000. Over the past ten years, Gilbert has grown by 36%, making it one of the fastest growing markets in Phoenix.

PREMIER BUSINESS LOCATION WITH ABUNDANT AMENITIES
* Attractive business environment supported by a business-friendly local municipality, ideal time-zone advantage and growing workforce. Gilbert, AZ, as a suburb of the Phoenix greater metropolitan area, is #5 among the best cities to find a job and among the top 20 thriving cities in the United States. The city is Phoenix’s second-best growth area.

* Val Vista Drive frontage, with immediate access to Loop 202 and Phoenix- Mesa Gateway Airport. Phoenix ‘s downtown and Sky Harbor International Airport are within 30 minutes away.
* Strong medical demand in the area anchored by nearby Dignity Health’s Mercy Gilbert Medical Center. More than 2.2MSF of surrounding retail offerings, including nearby San Tan Village, a 1.2MSF open-air mall with more than 100 shops.