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Concord Place 2999 N 44th St 135,841 SF 92% Leased 4-Star Office Building Phoenix, AZ 85018 For Sale

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INVESTMENT HIGHLIGHTS

  • High Occupancy & Stable Tenancy
  • ±94% leased

EXECUTIVE SUMMARY

Six-story, ±135,841 SF landmark office building featuring palatial Old World European architecture. High Occupancy & Stable Tenancy – ±94% 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
135,841 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1987/2005
NOI
$2,386,635
Percent Leased
92%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
22,640 SF
Slab To Slab
10’
Building FAR
0.75
Lot Size
4.16 AC
Zoning
C-1 - Commercial C-1
Parking
180 Spaces (1.33 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Conferencing Facility
  • Courtyard
  • Property Manager on Site
  • Signage
  • Balcony
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

At Cyberitas, they provide comprehensive software product development services, taking you from concept to creation with a seamless, integrated approach. Their team of experts is dedicated to delivering excellence at every stage, ensuring a product that aligns with your vision, exceeds your expectations, and keeps you ahead of the competition. And the client always receives control of the final code.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Ponaman Healthcare Consulting Is comprised of consultants, auditors, analysts, administrators, and an extended team of medical and legal specialists who are passionate about helping 340B safety-net healthcare organizations provide quality care to underserved patient populations. Over the years, Ponaman has transformed to meet the growing needs of public sector health care organizations, including preparing for and implementing 340B pharmacy and other government programs. The Ponaman team provides forward-thinking solutions to clients. By analyzing data gathered from providing independent external audits, 340B Program assessments, HRSA-style mock audits, and supporting covered entities through 340B Health Resources and Services Administration (HRSA) audits, Ponaman has been able to develop templates and best practices to prepare clients for all aspects of a HRSA audit.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • Jan 0000

Team Select Home Care is a home healthcare provider specializing in private duty nursing and personal care for medically complex patients. Founded in 2008, the company offers long-term pediatric and adult care, respite nursing, and family caregiver programs. Headquartered in Phoenix, Arizona, Team Select operates more than 38 offices across multiple states, including Texas, Colorado, Florida, and Illinois. The organization focuses on high-acuity care delivered in home settings, supported by technology-driven solutions for care coordination and compliance. Team Select is privately held and backed by Court Square Capital Partners, following prior investment from Tenex Capital Management.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Health Care and Social Assistance - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Fl-Ste 225
  • 2,369 SF
  • Office
  • Full Build-Out
  • Now

Spec suites available for immediate occupancy • On-site conference room

  • 3rd Fl-Ste 303
  • 3,131 SF
  • Office
  • Full Build-Out
  • Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

  • 3rd Fl-Ste 306
  • 912 SF
  • Office
  • Full Build-Out
  • Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

  • 3rd Fl-Ste 326/328
  • 1,651 SF
  • Office
  • Full Build-Out
  • Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

  • 5th Fl-Ste 515
  • 2,218 SF
  • Office
  • Spec Suite
  • Now

Spec Suite

Space Size Space Use Condition Available
2nd Fl-Ste 225 2,369 SF Office Full Build-Out Now
3rd Fl-Ste 303 3,131 SF Office Full Build-Out Now
3rd Fl-Ste 306 912 SF Office Full Build-Out Now
3rd Fl-Ste 326/328 1,651 SF Office Full Build-Out Now
5th Fl-Ste 515 2,218 SF Office Spec Suite Now

2nd Fl-Ste 225

Size
2,369 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 303

Size
3,131 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 306

Size
912 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 326/328

Size
1,651 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 515

Size
2,218 SF
Space Use
Office
Condition
Spec Suite
Available
Now

2nd Fl-Ste 225

Size 2,369 SF
Space Use Office
Condition Full Build-Out
Available Now

Spec suites available for immediate occupancy • On-site conference room

3rd Fl-Ste 303

Size 3,131 SF
Space Use Office
Condition Full Build-Out
Available Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

3rd Fl-Ste 306

Size 912 SF
Space Use Office
Condition Full Build-Out
Available Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

3rd Fl-Ste 326/328

Size 1,651 SF
Space Use Office
Condition Full Build-Out
Available Now

• Spec suites available for immediate occupancy • On-site conference room • Close proximity to numerous amenities

5th Fl-Ste 515

Size 2,218 SF
Space Use Office
Condition Spec Suite
Available Now

Spec Suite

Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
127-05-055B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,367,251
  • Listing ID: 35400037

  • Date on Market: 4/7/2025

  • Last Updated:

  • Address: 2999 N 44th St, Phoenix, AZ 85018

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