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2828 N Central Ave
Phoenix, AZ 85004
Office Property For Sale
Investment Highlights
- All interior space built out as ‘creative office’ spec suites
- Excellent value-add potential with no major construction
- 14-story height—six(6)-story garage with eight (8) floors of office above
- Modern, cutting-edge lobby, landings, in-suite breakrooms and lounges, restrooms, corridors, event rooms, etc
- Commanding 14-story presence at Midtown’s primary intersection
Executive Summary
- 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.
- ±63% leased—excellent value-add potential with no major construction.
- Commanding 14-story presence at Midtown’s primary intersection.
- 14-story height—six(6)-story garage with eight (8) 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.
- Modern, cutting-edge lobby, landings, in-suite breakrooms and lounges, restrooms, corridors, event rooms, etc.
- Owner/user potential for ±97,000 SF.
- ±63% leased—excellent value-add potential with no major construction.
- Commanding 14-story presence at Midtown’s primary intersection.
- 14-story height—six(6)-story garage with eight (8) 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
101,896 SF
Building Class
B
Year Built/Renovated
1984/2018
NOI
$693,108
Percent Leased
63%
Tenancy
Multiple
Building Height
14 Stories
Typical Floor Size
14,500 SF
Slab To Slab
12’
Building FAR
2.36
Lot Size
0.99 AC
Zoning
C-2 HR, Phoenix - Commercial
Parking
254 Spaces (2.49 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Property Manager on Site
- Signage
- Kitchen
- Natural Light
- Plug & Play
- Outdoor Seating
- Balcony
Property Taxes
| Parcel Number | 118-43-148A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,163,031 |
Property Taxes
Parcel Number
118-43-148A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,163,031
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