5800 W Glenn Dr
Glendale, AZ 85301
Bank of America Plaza · Office Property For Sale

CBRE has been retained as exclusive representative to offer qualified investors the opportunity to purchase fee interest in Bank of America Plaza (“Property”), a brick veneer three-story office building located in the heart of Historic Downtown Glendale. The building has been aptly anchored by Bank of America, which has occupied its space since 1987. The largest tenant in the building is the State of Arizona which occupies 62.9% of the Property. Bank of America Plaza is currently owned by the City of Glendale (“City”), which seeks to sell its interest in the building thereby allowing the City to focus more on their core responsibilities of providing services to their residents and local businesses. Also owned by the City is an adjacent 5-level parking garage. The City will give Bank of America Plaza rights to 309 designated parking spaces in the garage with additional public parking available if needed. The City of Glendale is undergoing a major transformation with numerous sizable developments which are creating a surge of interest in the City. Over the last decade the City has been one of the fastest growing cities in the United States. Glendale is the home to Westgate Entertainment District, a ±6-square mile mixed-use development that is the home to the NHL Coyotes and NFL Arizona Cardinals, as well as spring training facilities for two MLB teams. Historic Downtown Glendale, where Bank of America Plaza is located, has been named by USA Today and Sunset Magazine as one of the country’s ten best places for shopping. The pedestrian-friendly area spans 10-square blocks and is the focal point for numerous attractions and civic activities. This sale presents an investor with an opportunity to acquire a prominent office building in the heart of the Historic Downtown District of Glendale with the ability to increase cash-flow as vacant space is leased. The Property is being offered for sale “as is” subject to limiting conditions set forth in this offering memorandum.