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Four Gateway 444 N 44th St 138,240 SF Office Building Phoenix, AZ 85008 $15,200,000 ($109.95/SF)
Executive Summary
• Four-story, ±138,240 SF office building on a ±7.46-acre site within the master-planned Phoenix Gateway Business Park, supported by an adjacent two-story parking garage.
• 100% available for an owner/user, offering immediate full-building occupancy with prior corporate headquarters tenancy by State Farm Insurance and CVS.
• Above-market ±6/1,000 parking ratio with 826 total spaces across surface parking and the adjacent 532-stall garage.
• The building features an expansive glass curtain wall delivering abundant natural light and unobstructed upper-floor views of the surrounding mountains and Sky Harbor.
• Efficient floor plates include a ground-level café, a balanced mix of open workspace and private offices, and expansive break rooms on the upper floors.
• True transit-oriented location within walking distance of the Metro Light Rail stop at 44th Street and Washington, which connects directly to Sky Harbor's Sky Train.
• Four major freeways within a ±5-mile radius place more than ±3.3 million residents within a 30-minute commute.
• Phoenix Sky Harbor International Airport—the 11th-busiest airport in the U.S. with more than 51 million annual passengers—lies just ±2.5 miles south with direct access via 44th Street.
• Positioned at the convergence of the Valley's premier residential communities, including Arcadia, the Biltmore/Camelback Corridor, Paradise Valley, Scottsdale, and Tempe.
• OBBBA's permanently restored 100% bonus depreciation allows an owner/user to write off 20–35% of the purchase price in Year 1—an approximately $3.8 million deduction generating ±$1.33 million in tax savings at a 35% rate.
• 100% available for an owner/user, offering immediate full-building occupancy with prior corporate headquarters tenancy by State Farm Insurance and CVS.
• Above-market ±6/1,000 parking ratio with 826 total spaces across surface parking and the adjacent 532-stall garage.
• The building features an expansive glass curtain wall delivering abundant natural light and unobstructed upper-floor views of the surrounding mountains and Sky Harbor.
• Efficient floor plates include a ground-level café, a balanced mix of open workspace and private offices, and expansive break rooms on the upper floors.
• True transit-oriented location within walking distance of the Metro Light Rail stop at 44th Street and Washington, which connects directly to Sky Harbor's Sky Train.
• Four major freeways within a ±5-mile radius place more than ±3.3 million residents within a 30-minute commute.
• Phoenix Sky Harbor International Airport—the 11th-busiest airport in the U.S. with more than 51 million annual passengers—lies just ±2.5 miles south with direct access via 44th Street.
• Positioned at the convergence of the Valley's premier residential communities, including Arcadia, the Biltmore/Camelback Corridor, Paradise Valley, Scottsdale, and Tempe.
• OBBBA's permanently restored 100% bonus depreciation allows an owner/user to write off 20–35% of the purchase price in Year 1—an approximately $3.8 million deduction generating ±$1.33 million in tax savings at a 35% rate.
Property Facts
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
138,240 SF
Building Class
A
Year Built
1998
Price
$15,200,000
Price Per SF
$109.95
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
34,560 SF
Slab To Slab
13’
Building FAR
0.43
Lot Size
7.46 AC
Zoning
C-2, Phoenix - Commercial, C-2
Parking
327 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Commuter Rail
- Wheelchair Accessible
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 125-26-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,887,487 |
Property Taxes
Parcel Number
125-26-018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,887,487
Contacts
-
Eric Wichterman -
Christopher Toci -
Stephanie Adams -
Diana Hernandez -
Cushman & Wakefield
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Four Gateway | 444 N 44th St
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