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111 W Monroe Street - One11 Tower, Phoenix, AZ

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DetailMap
111 W Monroe Street - One11 Tower

SWC First & Monroe
Phoenix, AZ 85003-1742 - Downtown Submarket

(5.6 MB)

Property Type:Office Sub Type:- Status:Existing , Renov 2008 Year Built:1964
Stories:18 Typical Floor:13,591 SF Building Size:255,556 SF
Smallest Space:602 SF Largest Space:35,574 SF Total Space Avail:133,658 SF Rent/SF/Yr:
$28.50 - $29.50
Parking:40 Surface spaces @ $30.00/mo; Surface Tandem spaces @ $45.00/mo; 400 Covered spaces @ $80.00/mo; Reserved spaces @ $55.00/mo; Ratio of 3.3/1,000 SF Amenities:Banking, Controlled Access, Property Manager on Site, Restaurant, Security System


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
16,274 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 3rd
19,300 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 4th
1,480 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 4th
3,334 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 4th
3,127 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 5th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 6th
6,393 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 7th
2,200 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 7th
1,550 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 8th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 9th
7,501 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 11th
1,261 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 12th
1,450 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 12th
2,481 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 12th
1,446 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 12th
602 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 14th
3,322 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 14th
7,693 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 15th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 18th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
 
10725163
10430748
5489634
10987394
35117
2036486
10222178
2822358
6251017
784608
7823621
2065703
10222210
9828625
6251020
10222242
10222222
5489663
2822466
784648
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
16,274 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
3rd
19,300 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
4th
1,480 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
4th
3,334 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
4th
3,127 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
5th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
6th
6,393 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
7th
2,200 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
7th
1,550 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
8th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
9th
7,501 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
11th
1,261 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
12th
1,450 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
12th
2,481 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
12th
1,446 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
12th
602 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
14th
3,322 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
14th
7,693 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
15th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
18th
13,561 SF
$28.50 - $29.50/SF/Yr
Vacant
3-5 yrs
Office
The office building (“Property”) is located at the southwest intersection of 1st Avenue and Monroe Street in the heart of Downtown Phoenix. The property is comprised of approximately 0.73 acres of land improved by approximately 255,556 square feet of a Class B, 19-story hi-rise office building.

One11 Tower is located between two METRO light rail stations, located at 1st Avenue & Van Buren and Central Avenue & Washington Street, which is the epicenter for the Downtown core area. The property features a mix of tenants including Gordon & Rees,LLP., Begam & Marks, P.A., Cheifetz Iannitelli Marcolini P.C and Kent & Wittekind. The existing occupancy of 54.73% and strategic location presents an amazing opportunity for an owner/user purchaser looking to establish a presence in the Downtown Phoenix market.

Investment Highlights
• Strategic owner/user opportunity in Downtown Phoenix.
• Rental income from existing tenant base
• Ability to expand as tenants vacate
• Class A finishes throughout
• Expanding presence of collegiate, medical and legal uses in Downtown
• Improving commercial and residential sector in the trade area
• Attractive new financing available
• Own for less than the cost to lease
• Located in one of the best performing submarkets in the Phoenix MSA
• Within walking distance of two Light Rail stations

$80.00/mo. Covered, Reserved Spaces
$55.00/mo. Covered, Unreserved Spaces
$55.00/mo. Covered, Tandem Spaces



Newmark Grubb Knight Frank
Michael Crystal
(602) 952-3878

Emily Currie
(602) 952-3800



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