facebook
Traded Co logo
Submit
Daily limit: 0/10

Wentworth Property Company Acquires Class A Office Campus In Phoenix For $26.75M

Property Image
SOLD
$26,754,750
Ashley Brooks
James (Jim) Bayless

Arizona

See Similar Deals
Office238,500 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Wentworth Property Company Acquires Class A Office Campus In Phoenix For $26.75M

25500 North Norterra Parkway & 25600 North Norterra Parkway

See Similar Deals
Office238,500 SF
Sold
Ashley Brooks
James (Jim) Bayless
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:Office
Price Per Square Foot:$112
Total Square Footage:238500 SF
Transaction Type:Sale

Wentworth Property Company, LLC has acquired a two-building office campus located at 25500–25600 North Norterra Parkway in Phoenix, AZ. This Class A office complex encompasses 238,500 square feet and has been purchased for approximately $26.8 million, translating to about $112 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $26,754,750
  • Square Footage: 238,500
  • Address: 25500 North Norterra Parkway & 25600 North Norterra Parkway
  • Market: Phoenix, AZ
  • Seller: Workspace Property Trust
  • Brokers: Jim Bayless & Ashley Brooks - CBRE

The transaction reflects a strategic move by Wentworth Property Company, noting its acquisition near the TSMC site. Jim Bayless and Ashley Brooks from CBRE represented the buyer in this deal, facilitating the transaction and ensuring a successful completion for all parties involved.

Players

Ashley Brooks
CBRE
Ashley Brooks
2 deals$49.3M volume(602) 615-1087
BROKER
James (Jim) Bayless
CBRE
James Bayless
1 deal$26.8M volume(602) 615-4400
BROKER
Workspace Property Trust
Workspace Property Trust
SELLER

Details

SOLD
IMAGE: 03/05/2026 ADDRESS: 25500 North Norterra Parkway & 25600 North Norterra Parkway MARKET: Phoenix, AZ ASSET TYPE: Office BUYER: Wentworth Property Company, LLC SELLER: Workspace Property Trust BROKERS: Jim Bayless & Ashley Brooks - CBRE SALE PRICE: $26,754,750 SF: 238,500 ~ PPSF: $112 NOTE: Wentworth Property Company acquired a two-building, 238,500-square-foot Class A office campus at 25500–25600 North Norterra Drive in Phoenix for about $26.8 million, near the TSMC site.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,426,920.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,053.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$126,831.16
Annual Debt Service$1,521,973.98