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2700 N Central AvePhoenix, AZ 85004
2700 N Central
Asset ClassOffice

Overview

Newmark, as exclusive advisor, is pleased to present the unique opportunity to acquire the fee-simple interest in 2700 Central (the Property), a 224,416 SF, Class A, institutional-quality office tower currently 47% leased by a diversified tenant roster. Centrally located within the dynamic urban core of Midtown Phoenix, 2700 Central is widely considered a top-tier building and a preferred address within the office submarket. The Property consists of a 15-story, high-image office building totaling 224,416 square feet along with an adjacent six-level parking structure providing 624 secured spaces (3.0:1,000 SF). 2700 Central is the recent recipient of a transformative ±$10.75M renovation featuring contemporary lobby finishes, brand new amenities, upgraded building systems, new roof and HVAC, and modernized spec suites creating an upscale and ideal environment for tenants. The Midtown submarket is well-known for being one of the top transit-oriented, live-work-play, and accessible locations in the Phoenix MSA. The Property offers easy access to the Valley Metro Rail (via the Thomas and Central station) as well as, visibility and signage to over 23,000 cars per day, providing unrivaled access to a large, diverse labor pool. Additionally, the submarket benefits from a host of surrounding amenities, including notable restaurants, retail shops, hotels/resorts and is less than two miles (5-minute drive) from Downtown Phoenix.

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2700 N Central AvePhoenix, AZ 85004

PHOENIX CAPITAL MARKETS

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Listing provided by Revere CRE