Downtown Phoenix, midtown, and the Camelback corridor are different rent rolls that happen to share a city. Capital Market Funds originates bank, life company, CMBS, or bridge for a Phoenix office building from Scottsdale. We do not publish an office coupon, and we do not state an occupancy figure for the city.
The office dollars on this site name other cities. Chandler Price Road is a Class A bridge, about 83,178 square feet, $14,000,000, 2019. Chandler's owner-user office with a coworking tenant is $15,600,000, 2022. Tempe's dental suite is $745,000. A Columbus life-company office and a Midwest bank office acquisition are not Arizona. None of them is a Phoenix office closing.
Why Phoenix office credit is selective
Life companies and banks read a Phoenix office file when the tenant roster and the rollover can be explained. A building full of short suites is not a single long lease. If the leasing plan is still ahead of the income, the honest structure is bridge with a takeout, not a permanent application that pretends the building is core.
Medical tenants can sit inside a Phoenix office building. A dedicated medical building is Phoenix medical office. The Tempe dental dollar does not migrate to either page as a Phoenix comp.
Phoenix office refinance and acquisition
Refinancing a Phoenix office building replaces the note already on it. No such refinance is published. Buying one follows the contract, and the 2019 Chandler bridge is not a structure on offer for a Phoenix purchase.
The published Arizona office cards live on Chandler office and on Arizona office. Scottsdale office, which also has no office tombstone, is Scottsdale office.
Northwest Phoenix, Piestewa Peak, and the west I-10
Northwest Phoenix is a broker label for office and medical buildings in that part of the city, not a city of its own. Piestewa Peak is another broker label for an office pocket. Search demand for the name is thin, so it stays on this Phoenix office page instead of standing alone. The west I-10 office inventory is often in buildings that also feel industrial. If the rent roll is warehouse bays, use the industrial page. If it is office tenants, stay here.
Phoenix office: Office is two different loans
A City of Phoenix address stays on this page. Tempe, Scottsdale, Glendale, and the other Maricopa cities have their own pages. Capital Market Funds originates Phoenix loans from the Scottsdale office and does not use a downtown street address. Source: City of Phoenix.
| Question | Investor-owned | Owner-user |
|---|---|---|
| Who is the story | Leases, rollover, and the sponsor's basis | The occupant and whether a bank will hold the relationship |
| Usual source | Life company, bank, or CMBS | A bank or credit union more often than a conduit |
Capital for Phoenix office
| Source | When it fits |
|---|---|
| Bank and credit union | Often the first fit for Phoenix office a portfolio lender will hold. |
| Life company | Selective, on occupancy and tenant credit. No Phoenix office card is life company. |
| CMBS | When bank or life company will not stretch on a Phoenix office rent roll. |
| Chandler office | The published Arizona office dollars. They are not Phoenix. |