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Investment Highlights

  • OWNER WILL CARRY!!
  • Iconic Bank of America Building!
  • Fresh $5M renovation!

Executive Summary

Don't miss your chance to own this fully stabilized trophy property. Located right on Central Ave in the popular Mid-Town district and adjacent to all the bars, restaurants and gym at the revitalized Central Park Mall. The iconic Bank of America Building has just went under $5M remodel and is 95%+ occupied.
Most of the tenants are currently renting at below market rates giving a new buyer HUGE upside to increase profit when these leases renew.
OWNER WILL CARRY. Owner will carry with 40% down payment at 5% interest.

Sale Flyer

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $4,008,280 $20.76
Other Income - -
Vacancy Loss - -
Effective Gross Income $4,008,280 $20.76
Taxes $204,873 $1.06
Operating Expenses $1,338,100 $6.93
Total Expenses $1,542,973 $7.99
Net Operating Income $2,465,307 $12.77

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $4,008,280
Annual Per SF $20.76
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $4,008,280
Annual Per SF $20.76
Taxes
Annual $204,873
Annual Per SF $1.06
Operating Expenses
Annual $1,338,100
Annual Per SF $6.93
Total Expenses
Annual $1,542,973
Annual Per SF $7.99
Net Operating Income
Annual $2,465,307
Annual Per SF $12.77

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
193,037 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1975
Price
$25,000,000
Price Per SF
$129.51
Cap Rate
10.90%
NOI
$2,725,000
Percent Leased
99%
Tenancy
Multiple
Building Height
14 Stories
Typical Floor Size
13,788 SF
Slab To Slab
12’
Building FAR
2.79
Lot Size
1.59 AC
Zoning
C-2 - Commercial District
Parking
489 Spaces (2.53 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Conferencing Facility
  • Convenience Store
  • Property Manager on Site
  • Restaurant

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Full Service
  • May 2020

Allied Universal is a leading security and facility services company headquartered in Irvine, California. The company was founded in 1957 and has grown through strategic mergers, including the 2016 combination of AlliedBarton and Universal Services of America. Allied Universal delivers a wide range of services, including security guard staffing, risk advisory, technology solutions, and integrated facility management. Its offerings extend to access control, video surveillance, and emergency response planning, serving clients across multiple industries such as healthcare, education, and critical infrastructure. The company operates globally, maintaining a strong presence in North America and expanding into international markets. Allied Universal is privately held and continues to invest in technology-driven security solutions to enhance operational efficiency and client safety.

  • Real Estate
  • -
  • $15.50
  • Full Service
  • Nov 2029

Navigating the traditional route of selling your home in Phoenix can often lead to a path filled with stress – dealing with realtors, enduring endless open houses, managing repairs, and going through lengthy inspections. Why go through this madness when there's a more straightforward solution available? Experience a Stress-Free, Exceptional Cash Offer with Amazing Offer! Begin your hassle-free home-selling journey in Phoenix with them. Their dedicated team is committed to simplifying your life. They offer a direct, quick approach designed to ease your worries. Handling all the intricacies, they ensure you can relax and look forward to the next chapter. With just a few easy clicks on the form below, you're on your way. And it's FREE, with no obligation to accept. Their goal is to present you with an offer that meets your needs, adding clarity and tranquility to your home-selling process.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Arizona State Physicians Association (ASPA) has a rich history dating back to 1986, when it was established as a traditional Independent Physician Association (IPA). Over the past three and a half decades, their organization has undergone significant growth and evolution, with their membership expanding from an initial 500 physicians to over 2,000 healthcare providers. Today, ASPA is proud to be the largest independent physicians-owned and operated association in Arizona. Their physician network has grown to provide high-quality care to over one million beneficiaries, making us a significant player in the state’s healthcare landscape.

  • Finance and Insurance
  • -
  • -
  • -
  • -

Bank of America traces part of its history to the Bank of Italy, founded in 1904, and the modern company emerged through later mergers and expansion. The company serves individuals, small- and middle-market businesses, large corporations, and governments with banking, investment management, and financial risk management products and services. Bank of America’s current business lines include consumer banking, global wealth and investment management, global banking, and global markets, with digital banking and cash management platforms supporting client activity. The company reports a broad presence across retail, commercial, institutional, and wealth channels as part of its wider financial services franchise.

  • biltmore 24
  • Administrative and Support Services
  • -
  • $22.29
  • Full Service
  • Feb 2027

Biltmore 24 provides services in Phoenix, Arizona.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

The IMA Group began more than three decades ago, growing from its roots in medical screenings and psychological evaluations into a broader organization focused on healthcare-related assessment work. The company provides clinical evaluation and screening services for employers, payers, and government agencies, along with clinical research services that support the development of new treatments. The IMA Group’s business verticals include government services, occupational health and employer solutions, workers’ compensation solutions, independent medical examinations, disability solutions, and clinical research. The company emphasizes medical and behavioral health expertise, combining in-person and telehealth delivery models to support evaluation and research programs across its national network.

  • Real Estate
  • -
  • $21.00
  • Full Service
  • Feb 2027

Investment Properties Arizona is a privately held real estate brokerage based in Phoenix, Arizona. It specializes in sourcing off-market investment properties for buyers and offering cash purchase options to sellers. The firm’s services include investment analysis, construction cost estimates, and on-site consultations. Operating from a single location on North Central Avenue, it caters to investors targeting rentals, flips, or long-term holdings in the Arizona market. Janeth Cecena-Sanchez serves as the statutory agent and sole listed member. As an independently owned brokerage, the company remains small and regionally focused, with strategic positioning to capitalize on Phoenix’s growing real estate demand.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

At Risas Dental, the focus is providing quality and affordable dental care and braces for families. Unlike many healthcare options, their goal is to think and speak a language that patients understand. They promise to be less expensive and more financially flexible than other dental providers. This includes being a preferred in-network provider of all insurance plans and our flexible in-house payment plans. They promise to be available, with expanded evening and weekend hours to 24 Hour Doctor Emergency Contact.

  • Senergy Financial, LLC
  • Finance and Insurance
  • -
  • $18.00
  • Full Service
  • Mar 2027

Senergy Financial is a local financing firm located in Phoenix, Arizona.

  • Information
  • -
  • -
  • -
  • -

Sierra H Broadcasting is a privately held Phoenix-based broadcast media firm founded in 1993 and veteran-owned by former U.S. Air Force Captain Jay Brentlinger and Air National Guard Captain Steve Szalay. The company operates radio stations including Mega 104.3 (KAJM) and The Bounce (KZCE) under its Sierra H Productions division. Sierra H emphasizes local engagement and digital innovation, offering on-air content, promotions, and community-driven events. The firm fosters partnerships with regional cultural organizations and maintains a family-oriented internal culture. Studios and administration are located at Northern Phoenix, with a satellite sales office serving the broader metro area.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Professional, Scientific, and Technical Services - - Full Service May 2020
Real Estate - $15.50 Full Service Nov 2029
Health Care and Social Assistance - - - -
Finance and Insurance - - - -
biltmore 24 Administrative and Support Services - $22.29 Full Service Feb 2027
Health Care and Social Assistance - - - -
Real Estate - $21.00 Full Service Feb 2027
Health Care and Social Assistance - - - -
Senergy Financial, LLC Finance and Insurance - $18.00 Full Service Mar 2027
Information - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 5th Fl-Ste 507
  • 200 SF
  • Office
  • Spec Suite
  • Now

The private executive shared office space. You can have your own private office and share common amenities with other hard-working professionals. This includes: Board room (FREE) + Utilities (FREE) + Parking (FREE) + Kitchen area (FREE) + WiFi (FREE) + Reception area (FREE). All of this for ONLY $595.00 per month. WOW!!!!! Call Adilene 602-473-4113 to schedule a tour!

  • 7th Fl-Ste 700
  • 1,723 SF
  • Office
  • Spec Suite
  • Now

Corner office suite. Located right next to great bars, restaurants and a gym at Park Central Mall. Suite features: -Two offices - Open Space - Conference Room - Break Room Call now to schedule a tour 602 838 0707.

  • 7th Fl-Ste 704A
  • 200 SF
  • Office
  • Spec Suite
  • Now

The private executive shared office space. You can have your own private office and share common amenities with other hard-working professionals. This includes: Board room (FREE) + Utilities (FREE) + Parking (FREE) + Kitchen area (FREE) + WiFi (FREE) + Reception area (FREE). All of this for ONLY $595.00 per month. WOW!!!!! Call Cotterkey Investments today. This is the last one left.5

Space Size Space Use Build-Out Available
5th Fl-Ste 507 200 SF Office Spec Suite Now
7th Fl-Ste 700 1,723 SF Office Spec Suite Now
7th Fl-Ste 704A 200 SF Office Spec Suite Now

5th Fl-Ste 507

Size
200 SF
Space Use
Office
Build-Out
Spec Suite
Available
Now

7th Fl-Ste 700

Size
1,723 SF
Space Use
Office
Build-Out
Spec Suite
Available
Now

7th Fl-Ste 704A

Size
200 SF
Space Use
Office
Build-Out
Spec Suite
Available
Now

5th Fl-Ste 507

Size 200 SF
Space Use Office
Build-Out Spec Suite
Available Now

The private executive shared office space. You can have your own private office and share common amenities with other hard-working professionals. This includes: Board room (FREE) + Utilities (FREE) + Parking (FREE) + Kitchen area (FREE) + WiFi (FREE) + Reception area (FREE). All of this for ONLY $595.00 per month. WOW!!!!! Call Adilene 602-473-4113 to schedule a tour!

7th Fl-Ste 700

Size 1,723 SF
Space Use Office
Build-Out Spec Suite
Available Now

Corner office suite. Located right next to great bars, restaurants and a gym at Park Central Mall. Suite features: -Two offices - Open Space - Conference Room - Break Room Call now to schedule a tour 602 838 0707.

7th Fl-Ste 704A

Size 200 SF
Space Use Office
Build-Out Spec Suite
Available Now

The private executive shared office space. You can have your own private office and share common amenities with other hard-working professionals. This includes: Board room (FREE) + Utilities (FREE) + Parking (FREE) + Kitchen area (FREE) + WiFi (FREE) + Reception area (FREE). All of this for ONLY $595.00 per month. WOW!!!!! Call Cotterkey Investments today. This is the last one left.5

Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2020 Population
16,053
162,482
406,219
2025 Population
17,917
179,408
431,021
Population Growth '20-'25
11.6%
10.4%
6.1%
2020 Households
8,815
71,995
157,641
2025 Households
9,828
79,822
168,103
Household Growth '20-'25
11.5%
10.9%
6.6%
Average Age
39
37
37
Median Household Income
$70,668
$65,667
$66,180
Daytime Employees
39,462
197,149
334,848
Total Businesses
5,182
21,299
34,138
College Degree + Higher
52%
33%
28%

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 118-36-088
  • 118-36-091
  • 118-36-018B
  • 118-36-090
  • 118-36-087
  • 118-36-089
Land Assessment
$60,008
Improvements Assessment
$0
Total Assessment
$2,837,630
Annual Taxes
$204,873 ($1.06/SF)
Tax Year
2025

Sale Advisor

Sale Advisor

Tye Smoole, President
President at Cotterkey Investments.
  • Listing ID: 40513965

  • Date on Market: 5/13/2026

  • Last Updated:

  • Address: 3030 N Central Ave, Phoenix, AZ 85012

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