4041 Central AvePhoenix, AZ 85012

Property Details for 4041 Central Ave

Year built

1980

Construction

STEEL FRAME

Lot size

5.39 AC

Property size (Sq ft)

352,461 SF

Zone code

C-3

Property type

Office properties

Property subtype

Office buildings

APN

118-25-121B

APU

11825121B

Description

This exceptional downtown Phoenix office property, known as 40Forty-One, offers 415,256 square feet of Class A office space across five buildings. The complex includes a prominent 20-story main tower and four two-story plaza buildings, providing a range of suite sizes from 497 to 53,384 contiguous square feet. Currently, 131,686 square feet are available for lease, with options including individual suites, full floors ideal for corporate headquarters, and even an entire two-story building (Building B, 26,242 square feet). Amenities include a newly renovated lobby, on-site deli, attractive courtyard, 24/7 security, and prominent signage opportunities. The location is highly desirable, adjacent to Steele Indian School Park, within walking distance of the Light Rail, and a short drive from Phoenix Sky Harbor International Airport and major freeways (SR-51 and I-10). The property also benefits from proximity to medical facilities and offers ample parking (5 spaces per 1,000 square feet). Downloadable floor plans and availability brochures provide detailed information on specific suite configurations and lease terms. This is a unique opportunity to secure prestigious office space in a vibrant and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $77,878,456

  6.5%

  $71,887,800

  7%

  $66,752,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,331,864

  Geo Method

  $54,331,864

• Alternative Use

  Use

  Valuation

  Residential

  $89,140,880

  Hospitality

  $81,652,560

  Educational

  $67,933,976

  Medical

  $70,270,328

  Retail

  $105,675,072

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4939

Longitude

-112.073

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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