1001 Building

1001 Central Avenue Phoenix AZ

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Property Pictures

Historical Performance Details

  • Acquisition DateNovember, 1999
  • Total Project Size98,817 SF
  • Acquisition Price$4,650,000
  • Add. Capital Costs$250,000
  • Total Cost$4,900,000
  • Cost PSF$49.59
  • StatusSold - Jun, 2004
  • Sale Price$6,400,000
  • Sale Price / SF$64.77
  • Ave. Annual Return20%

  • Beautiful 9-story office building with a 3-story parking structure.  Located just north of the Phoenix central business district
  • Value enhanced by substantial renovations to elevator cabs, lobby, common areas and park structure
  • Two major tenant leases were restructured within six months after acquisition
  • NOI increased by $160,000 within 1 year after acquisition


Location


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For More Information

Contact Agent Will Adamthwaite

Email: will@matrixgroupinc.com
Phone: 300-333-3333