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2828 N Central AvePhoenix, AZ 85004
2828 Central
Asset ClassOffice
overview of deal

Overview

  • ±101,896 SF 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.
  • In-place net operating income of ±$693,000.
  • Commanding 14-story presence at Midtown’s primary intersection.
  • 14-story height—six-story garage with eight 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.
  • Increase leasing volume with mainstream commercial leasing team, for traditional suites (78% of the building).
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2828 N Central AvePhoenix, AZ 85004

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Listing provided by Revere CRE