2999 N 44th St, Phoenix, AZ 85018

Six-story, ±135,841 SF landmark office building featuring palatial Old World European architecture.

High Occupancy & Stable Tenancy – ±95% leased with a 96.2% historical occupancy rate since 2014 and an occupancy level that, for 25 years, never dipped below 80%.

Sticky Tenant Base & Small-Suite Demand – Floor plates designed for Phoenix’s strongest leasing segment—small office tenants.

Below-Market Rents & Value-Add Potential – In-place lease rates are ±7.84% below market, offering a clear path for NOI expansion.

Significant Discount to Replacement Cost – Well below the ±$600/SF cost to replace commodity office.

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.