444 N 44th St - Office FOR SALE


Phoenix, AZ 85008- East Side
$15,200,000 USD
602-339-3131
444 N 44th St, Phoenix, AZ for Sale
$15,200,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

NEW


444 N 44th St
Phoenix, AZ 85008
East Side


OVERVIEW

• Four-story, ±138,240 SF office building on a ±7.46-acre site within the master-planned Phoenix Gateway Business Park, supported by an adjacent two-story parking garage. • 100% available for an owner/user, offering immediate full-building occupancy with prior corporate headquarters tenancy by State Farm Insurance and CVS. • Above-market ±6/1,000 parking ratio with 826 total spaces across surface parking and the adjacent 532-stall garage. • The building features an expansive glass curtain wall delivering abundant natural light and unobstructed upper-floor views of the surrounding mountains and Sky Harbor. • Efficient floor plates include a ground-level café, a balanced mix of open workspace and private offices, and expansive break rooms on the upper floors. • True transit-oriented location within walking distance of the Metro Light Rail stop at 44th Street and Washington, which connects directly to Sky Harbor's Sky Train. • Four major freeways within a ±5-mile radius place more than ±3.3 million residents within a 30-minute commute. • Phoenix Sky Harbor International Airport—the 11th-busiest airport in the U.S. with more than 51 million annual passengers—lies just ±2.5 miles south with direct access via 44th Street. • Positioned at the convergence of the Valley's premier residential communities, including Arcadia, the Biltmore/Camelback Corridor, Paradise Valley, Scottsdale, and Tempe. • OBBBA's permanently restored 100% bonus depreciation allows an owner/user to write off 20–35% of the purchase price in Year 1—an approximately $3.8 million deduction generating ±$1.33 million in tax savings at a 35% rate.

FOR SALE DETAILS

PRICE

$15,200,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Four Gateway

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

327

LAND DETAILS

LAND ACRES

7.46 AC

LAND SF

324,958 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

125-26-018

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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