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44 W Monroe St
Phoenix, AZ 85003
44Monroe · Property For Lease
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523,619 SF
ABOUT THE PROPERTY
44 Monroe, located in Phoenix, Arizona, is a 34-story residential building comprised of 198 units with 1,377 square feet of ground level retail space. Fourteen of the units were sold as condominiums and are not included in this acquisition. Constructed in 2008, the propertys amenities include a spa and swimming pool with sundeck, fully furnished clubroom, outdoor terrace with gas grill and fire pit, 24-hour lobby attendant, fitness center, business center, eight floors of secured parking, and conference roomThe properties first 8 stories are parking structure with the remaining 26 floors are units and common area. The square footage reported represents the 26 floors or usable space.Total units 198. There are 14 units that are already owned as condominiums and these may be bought back or the individual owners can occupy as owners.Property was constructed at a cost of $70 million.Unit mix not currently available, however, property includes; 1x1, 1x1.5, 2x2, 2x2.5, 3x2.5 units.Existing units average 743 SF to 2,121 SF.Model/SqFt/Unit Count confirmed with management.
PROPERTY FACTS
| Property Type | Multifamily | Building Size | 523,619 SF |
| Property Subtype | Apartment | Year Built/Renovated | 2008/2023 |
| Apartment Style | Hi-Rise |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Size | 523,619 SF |
| Year Built/Renovated | 2008/2023 |
