2800 N 44th St - Office FOR SALE


Phoenix, AZ 85008- Papago
$15,750,000 USD
480-205-1921
2800 N 44th St, Phoenix, AZ for Sale
$15,750,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

2800 N 44th St
Phoenix, AZ 85008
Papago


HIGHLIGHTS

  • Unmatched Development Potential with Permanent 360° Views of Greater Phoenix
  • Core Phoenix Location Backed by Strong Market Fundamentals
  • The Epicenter of Phoenix’s Most Dynamic Luxury Transformation
  • Arcadia Demographics Expanding South – Elevating the Entire Site Affluent Surroundings & Regentrification Momentum

OVERVIEW

2800 Building - Asking Price: $15,750,000 Unmatched Development Potential with Permanent 360° Views of Greater Phoenix CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire 2800 & 2702 N 44th Street, a ±7.66-acre site located in Phoenix, Arizona. This location on the prominent corner of N 44th Street and E Thomas Road benefits from the rapid regentrification in the neighboring Arcadia, Arcadia Lite, and Lower Arcadia, three of Phoenix’s most affluent and sought-after neighborhoods. Strong demographics, limited supply of new multifamily projects, and immediate access to convenient and popular amenities make this project an attractive repositioning opportunity. Investment Highlights 2800 Building – Existing Structure with Redevelopment Upside The 2800 Building soars 11 stories above the skyline of low- and mid-rise structures of the area. This landmark site’s prime exposure provides excellent visibility for impactful business signage, and tenants enjoy sweeping views of the expansive landscape of the Greater Phoenix area. The tower can be delivered entirely vacant, offering a rare opportunity for a high-end and modern office retrofit with owner-user occupancy potential, adaptive reuse of the existing structure to multifamily community, or full-scale redevelopment to a condominium and townhome project.

FOR SALE DETAILS

PRICE

$15,750,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tower44

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

11

BUILDING CLASS

A

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

4.84 AC

LAND SF

210,830 SF

ZONING

P-2

APN/PARCEL ID

126-02-044C,126-02-104

ASK ABOUT THIS PROPERTY

Geoff TurbowCBREMore Info
480-205-1921

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Geoff TurbowCBREMore Info
480-205-1921

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.