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2800 N Central AvePhoenix, AZ 85004
2800 Tower
Asset ClassOffice
Deal Size$32.25 M
Square Feet: 370,736% Leased: 60%# Stories: 20Access Data Room
overview of deal


A 20-story, recently upgraded, value-add office tower with secure in-place income, a simple way to unlock upside, and a transit-oriented location in Phoenix’s healthcare, bioscience, and medical education hub.

Access the Data Room

Investment Highlights

Simple path to major upside

Similar high-quality, renovated buildings delivering move-in-ready spec suites have signed 66 recent leases averaging 3,600 SF. 2800 Tower has spec suites completed and under construction with robust current real-time leasing activity, which will rapidly increase occupancy and income.


60% occupied with strong income security

The average tenant duration from initial lease to current expiration is an exceptional 15.1 years. Tenants with 15–40-year total commitments to 2800 Tower lease 56% of the currently occupied space. The better-than-market tenant commitment provides a solid income foundation for the value-add strategy.


Recent renovations will accelerate leasing demand

A state-of-the-art tenant amenity and conference center was completed in 2024, providing a solid advantage to capture tenant demand. The main lobby is fully renovated with modern, high-image improvements, and elevator lobbies and bathrooms have been renovated on many floors, including those with spec suites.


Located at one of the nation’s fastest growing medical, bioscience and healthcare hubs

This innovative ecosystem, recently designated by the city of Phoenix as the Phoenix Medical Quarter, has attracted $3.5 billion in new direct capital investment within the last three years alone.


Central, transit-oriented location

Fronting Central Avenue, the main north-south corridor in Phoenix's urban core, 2800 Tower is a three-minute walk to a Metro light rail station, within a five-minute drive of four freeways, and just 15 minutes from Phoenix Sky Harbor International Airport.


Positioned adjacent to the submarket's amenity hub

The area’s retail and restaurant amenities are located immediately across the street and just north at Park Central, all within a five-minute walk from 2800 Tower.


Location improvement is accelerating

Nearly 2,000 multifamily units have been built within a half mile of the property within the last five years. An additional 4,200 units are under construction in Central Phoenix.


Seller will consider financing

Seller will evaluate all-cash offers as well as offers where the seller provides financing, which is available to qualified buyers. In today’s challenging debt markets, the potential to secure seller financing adds significant value to the investment.

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2800 N Central AvePhoenix, AZ 85004



Listing provided by Revere CRE