Listed by Cushman & Wakefield - Phoenix, Arizona
Unpriced
2828 CENTRAL
Details
Property Type Office
Sub Type Creative Office, Executive Office
Occupancy 68%
Tenancy Multi
Year Built 1985
Year Renovated 2019
Buildings 1
Stories 14
Zoning C-2, City of Phoenix
Investment Type Value Add
Ground Lease No
100K SF Owner/User (±97K SF) and/or Value-Add Opportunity | Phoenix, AZ
Investment highlights
- ±101,896 SF completely renovated—all interior space built out as ‘creative office’ spec suites.
- Modern, cutting-edge lobby, landings, in-suite breakrooms and lounges, restrooms, corridors, event rooms, etc.
- Owner/user potential for ±97,000 SF.
- ±68% leased—excellent value-add potential with no major construction.
- In-place net operating income of ±$1,203,747.
- Commanding 14-story presence at Midtown’s primary intersection.
- 14-story height—six-story garage with eight floors of office above.
- Hospitality-grade amenities: El Zaguan Mexican Cafe/patio, The Oasis a ±3,700 SF special event space, and 24 balconies.
- ±14,500 SF floor plates with narrow bay depths providing extensive glass line to small/medium suites, and ±3 outdoor balconies per floor.
- 248 leases signed within one (1) mile since 2024 totaling 1.5 million SF with 2,329 SF median tenant size.
- Increase leasing volume with mainstream commercial leasing team, for traditional suites (78% of the building).
Listing Contacts
Listed by Cushman & Wakefield - Phoenix, Arizona
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Zoning
C-2 CommercialSpecial CommercialIntermediate Commercial
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