602-531-5538
2800 N Central Ave, Phoenix, AZ for Sale
Office - FOR SALE
1/14
null | Request Cap Rate

2800 N Central Ave
Phoenix, AZ 85004
Encanto


HIGHLIGHTS

  • Modernized Asset With Value-Add Potential
  • Long-Term Federal Tenancy
  • Compelling Basis With Rent Growth Upside
  • Supply-Constrained Submarket Driving Tenant Migration
  • Expanding Center for Innovation and Healthcare
  • Unrivaled Midtown Connectivity

OVERVIEW

Presenting 2800 Tower: a Class A, ±370,736-square-foot, 20-story office building located in the heart of Phoenix’s Midtown submarket. Positioned along one of the city’s most prominent commercial corridors, the property benefits from exceptional connectivity, abundant walkable amenities, and strong long-term market fundamentals. Surrounded by expanding transit infrastructure, ongoing residential development, and a vibrant mix of business, education, and cultural institutions, 2800 Tower is well positioned to capture continued urban investment and rising tenant demand. Situated on a ±2.57-acre site, the Property includes a dedicated eight-level structured parking garage and is currently 60% leased. The tenant roster features two federal agencies and 10 prominent law firms, alongside a diverse mix of technology and professional services companies, providing both strong in-place income and a clear path to value creation through lease-up. This institutional-quality asset offers a rare opportunity to acquire a premier Midtown office tower at pricing significantly below replacement cost, presenting investors with compelling long-term upside and the potential for meaningful value creation.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2800 Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

20

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

C-2HR/P-2, Phoenix

APN/PARCEL ID

118-43-150A

ASK ABOUT THIS PROPERTY

Mindy KorthColliersMore Info
602-531-5538

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Mindy KorthColliersMore Info
602-531-5538

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