One Chandler Corporate Center
100% Leased, Two-Tenant, Class A Office Investment Opportunity
Marketing description
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in One Chandler Corporate Center, a ±117,394 square foot, institutional-quality, Class A office asset located at 350 N. McClintock Drive in Chandler, Arizona (the "Property"). Constructed in 2018, the Property is a two-story, 100% leased building occupied by two high-quality tenants — DISH Network, a wholly owned subsidiary of EchoStar Corporation (NASDAQ: SATS) and Allcat Claims Service — providing investors with durable, in-place cash flow from two physically occupying tenants with a blended WALT of 4.5 years.
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This 100% leased, two tenant investment opportunity offers a rare combination of new-construction quality, a fully occupied rent roll anchored by a nationally recognized publicly traded company and a high-growth insurance services operator, and a freeway-proximate Chandler location surrounded by one of Metro Phoenix's deepest retail and amenity bases. With zero new competitive office supply under construction in the immediate submarket, the Property's in-place tenancy and 2018 vintage stand out as a high-quality, low-risk, income-producing asset in one of Arizona's strongest suburban office markets.
Investment highlights
- 100% LEASED — TWO PHYSICALLY OCCUPYING TENANTS: Both DISH Network and Allcat Claims Service are in active physical occupancy, each operating sizable, growing workforces from the Property. Investors acquire an asset with zero vacancy risk and two tenants demonstrably invested in their respective spaces.
- NEW CONSTRUCTION — 2018 VINTAGE: The Property was constructed in 2018, offering a modern, low-deferred-maintenance physical plant with a 20-year initial roof warranty still carrying significant remaining term, recently added shaded canopy parking, and exposed ceiling heights that appeal to contemporary corporate users.
- DURABLE, STAGGERED INCOME STREAM: The rent roll features staggered lease expirations — DISH Network through January 31, 2029 (WALT 2.3 years) and Allcat Claims Service through May 31, 2033 (WALT 6.7 years) — creating a blended WALT of 4.5 years, reducing rollover concentration risk.
- NATIONALLY RECOGNIZED ANCHOR TENANT: DISH Network is a publicly traded telecommunications company operating its customer service and sales operations for clients such as Boost Mobile and Starlink from the second floor, with approximately 275 employees on a hybrid schedule. DISH's presence anchors the rent roll with a well-known corporate operator.
- HIGH-GROWTH INSURANCE SERVICES TENANT: Allcat Claims Service operates as a third-party administrator (TPA) and independent insurance adjuster serving national insurance carriers including USAA, Allstate, and Liberty Mutual. Allcat is actively expanding its Phoenix market presence with plans to grow to 250 employees within this regional office by summer 2026 — underscoring robust operational momentum and physical commitment to the space.
- GOVERNMENT CONTRACT OPERATOR / SECURE FACILITY: Allcat maintains a government-compliant 'clean room' on the first floor — a secured-entry, high-security area purpose-built for sensitive insurance-claims operations on behalf of carriers such as USAA. The tenant-funded security infrastructure reflects mission-critical operational requirements and deepens long-term occupancy stickiness.
- SUPERIOR PARKING: The Property provides 680 total striped parking spaces (666 regular + 14 ADA-accessible)— equating to a ±5.8 per 1,000 SF ratio, well above market standard. 114 spaces are covered canopy stalls, which were a recently added upgrade by current ownership that enhances tenant experience in the Arizona climate.
- PRIME SOUTHEAST VALLEY LOCATION: Situated less than one mile from the Loop 101/Loop 202 freeway interchange and the ±1.4 million-square-foot Chandler Fashion Center regional mall, the Property offers both superior freeway access and one of the densest retail and dining amenity bases in Metro Phoenix.
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