Cushman & Wakefield of Arizona, Inc. as exclusive advisor is pleased to offer for sale DeVry
University Campus located at 2149 West Dunlap Avenue in Phoenix, Arizona. Built in 1983, 2149
West Dunlap Avenue is a two-story 111,957-square-foot office building fully occupied by credit tenant
DeVry University (NYSE: DV) through September 2017. The building is situated on a 14.9 acre site,
with over-standard parking.
INVESTMENT SUMMARY
Total Building Area................................................... 111,957 SF
Land Area.................................................................... 14.9 acres
Year Built............................................................................... 1983
Parking Ratio.......................................................... 9.8/1,000 SF
% Leased............................................................................. 100%
Tenant.......................................... DeVry University (NYSE: DV)
Tenant Annual Revenue............................................. $2 Billion
Year 1 Net Operating Income............................... $1,461,947
Year 2 Net Operating Income............................... $1,488,329
Please click the following link to view the property brochure:
Brochure Link
Please follow the link below to execute the Confidentiality Agreement:
Agreement Link
PORTFOLIO HIGHLIGHTS
 Over-Standard Parking: 2149 West Dunlap Avenue provides surface parking at a ratio of 9.8
spaces per 1,000 rentable square feet.
 Stable Credit Tenant Cash Flow: With nearly $2 billion in annual revenue, a market
capitalization of $3.5 billion, and a debt-free balance sheet, DeVry University offers an
attractive, stable, credit cash flow investment.
 Divisibility: The building has a central atrium area that divides each floor into two wings that
would facilitate divisibility to accommodate multiple office tenants in the future, if necessary.
 Prominent Location: By virtue of its proximity to the Interstate 17 and Loop 101 freeways, the
Property has unparalleled access to northwest and northeast housing and labor markets.
 Nearby Amenities: The 1.4 million square foot Metrocenter Mall is nearby and features
numerous dining options and retailers. There is also an adjacent retail center within walking
distance of the campus.
 Diversified Local Economy: Phoenix is home to seven Fortune 1000 corporations and
universities such as Arizona State University and University of Phoenix have enhanced the
area’s human capital resources with skilled labor.
For more information, please contact:
Jeffrey Cole
(949) 955-7652
jeff.cole@cushwake.com
Chris Toci
(602) 229-5951
Christopher.E.Toci@cushwake.com
Ed Hernandez
(949) 930-4380
ed.hernandez@cushwake.com
Marc Renard
(213) 955-6413
marc.renard@cushwake.com
Mike Sayre
(602) 229-5947
mike sayre@cushwake.com
Cushman & Wakefield of Arizona, Inc.
Capital Markets Group
2555 East Camelback Road, Suite 300
Phoenix, AZ 85016