4041 Central Ave, Phoenix, AZ 85012
5 Office Properties in Phoenix, AZ
For Sale
Active
2 pictures
- Property Type
-
Office
- Square Feet
- 546,849 SF
Listing Contacts
Eric Wichterman
Steve Lindley
Alexandra Loye
Michael Coover
- Property Info
Highlights
- Assumable debt with 3.66% interest rate - will deliver initial cash-on-cash return near 10%, exceptional in today’s interest rate environment.
- 85% of the occupied space at 40 Forty-One is AA+ rated credit. US Government and Maricopa County Tenant lease commitments total 10-20 years.
- Major tenant Maricopa County renewed early in 16% of the building, now with a 25-year total commitment to the property.
- At the intersection of hot Uptown amenities and Midtown's healthcare and innovation hub - in the heart of Phoenix's boom in tech and life science hub.
- Building is perfectly positioned to attract target tenants.
- Simple path to higher occupancy income - an intelligent, proactive leasing plan, with generous TIs will result in an over 18% increase in occupancy.
All available spaces
- Space
- Size
- 460,508 SF
- Space Subtype
- Office
- Space
- Building A
- Size
- 25,604 SF
- Space Subtype
- Office
- Space
- Building B
- Size
- 26,242 SF
- Space Subtype
- Office
- Space
- Building C
- Size
- 26,242 SF
- Space Subtype
- Office
- Space
- Building D
- Size
- 8,253 SF
- Space Subtype
- Office
Nearby Properties
FAQ
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