602-253-7900
2999 N 44th St, Phoenix, AZ for Sale
Office - FOR SALE
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2999 N 44th St
Phoenix, AZ 85018
East Phoenix


OVERVIEW

o Six-story, ±135,841 SF landmark office building featuring palatial Old World European architecture. o High Occupancy & Stable Tenancy – ±94% leased with a 96.2% historical occupancy rate since 2014 and an occupancy level that, for 25 years, never dipped below 80%. o Sticky Tenant Base & Small-Suite Demand – Floor plates designed for Phoenix’s strongest leasing segment—small office tenants. o Below-Market Rents & Value-Add Potential – In-place lease rates are ±7.84% below market, offering a clear path for NOI expansion. o Significant Discount to Replacement Cost – Well below the ±$600/SF cost to replace commodity office. o Strategic Location in High-Income Corridor – Located at the convergence of Arcadia, Biltmore, and Paradise Valley, surrounded by executive housing, top-tier amenities, and major employers.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concord Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

A

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

C-1

APN/PARCEL ID

127-05-055B

ASK ABOUT THIS PROPERTY

Christopher TociCushman & WakefieldMore Info
602-253-7900

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Christopher TociCushman & WakefieldMore Info
602-253-7900

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