2929 Central AvePhoenix, AZ 85012

Property Details for 2929 Central Ave

Year built

1988

Construction

STEEL FRAME

Lot size

1.43 AC

Property size (Sq ft)

430,784 SF

Zone code

C-2

Property type

Office buildings

APN

118-35-110A

APU

11835110A

Description

Located in Maricopa County, Phoenix Plaza Tower II offers a remarkable 6,667 square feet of vacant Class A executive office space within a larger 419,453 square foot building. Built in 1990, this multi-tenant property boasts unique hexagonal floor plates and an impressive exterior of double-pane bronze reflective glass, creating an elegant and expansive presence. The building's amenities are extensive, including a health club, valet parking, hotel-style concierge services, and convenient access to adjacent retail. Enjoy breathtaking views of Camelback and Squaw Peak mountains. Strategic location provides easy freeway access and proximity to Sky Harbor International Airport. Furthermore, the planned light rail system will be directly in front of the building, enhancing accessibility. The building also features a substantial 3800-space multi-level parking structure, ensuring ample parking for tenants and visitors. This exceptional property presents a rare opportunity for businesses seeking a prestigious and well-appointed office space in a prime Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $95,184,408

  6.5%

  $87,862,528

  7%

  $81,586,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,405,352

  Geo Method

  $66,405,352

• Alternative Use

  Use

  Valuation

  Residential

  $108,949,536

  Hospitality

  $99,797,192

  Educational

  $83,030,088

  Medical

  $85,885,624

  Retail

  $129,157,920

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4816

Longitude

-112.073

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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