3030 N Central Ave - Office FOR SALE


Phoenix, AZ 85012- Encanto
$25,000,000 USD
888-357-3520
3030 N Central Ave, Phoenix, AZ for Sale
$25,000,000 USD
Office - FOR SALE
1/29
null | 10.9% Cap Rate

3030 N Central Ave
Phoenix, AZ 85012
Encanto


HIGHLIGHTS

  • OWNER WILL CARRY!!
  • Fresh $5M renovation!
  • Iconic Bank of America Building!

OVERVIEW

Don't miss your chance to own this fully stabilized trophy property. Located right on Central Ave in the popular Mid-Town district and adjacent to all the bars, restaurants and gym at the revitalized Central Park Mall. The iconic Bank of America Building has just went under $5M remodel and is 95%+ occupied. Most of the tenants are currently renting at below market rates giving a new buyer HUGE upside to increase profit when these leases renew. OWNER WILL CARRY. Owner will carry with 40% down payment at 5% interest.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

10.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OWNER WILL CARRY!!!

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

14

BUILDING CLASS

A

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

488

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C-2

APN/PARCEL ID

118-36-018B,118-36-087,118-36-088,118-36-089,118-36-090,118-36-091

ASK ABOUT THIS PROPERTY

Tye SmooleCotterkey Investments, Ltd.More Info
888-357-3520

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Tye SmooleCotterkey Investments, Ltd.More Info
888-357-3520

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