City Square - 4000 Tower

Off-Market

4000 North Central Avenue, Phoenix, AZ 85012

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 297,615 SF
  • Lot Size 0.5 Acre
  • Parking Spaces Avail. 979
  • Parking Ratio 3.29 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1964

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 11 Mar, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Phoenix

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Phoenix Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $26.13
  • 2022 Office Vacancy Rate 19.66%
  • 2022 Office Completions (SF) 477,775

Phoenix Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $260.15
  • Y-o-Y Avg. PpSF Change 23.16%
  • 2022 Office Sales Volume $1.4B
  • 2022 Number of Transactions 76
View more Phoenix market trends

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Phoenix, AZ
  • Neighborhood Encanto Village
  • Zip Code 85012
  • Market Phoenix

Points of Interest

  • Indian School/ Central Ave

    0.23 miles

  • Osborn/ Central Ave

    0.42 miles

  • Campbell/ Central Ave

    0.61 miles

  • Thomas/ Central Ave

    0.80 miles

  • Central Ave/ Camelback

    1.10 miles

  • 7th Ave/ Camelback

    1.24 miles

  • Encanto/ Central Ave

    1.32 miles

  • 19th Ave/ Camelback

    1.79 miles

  • McDowell/ Central Ave

    1.94 miles

  • Roosevelt/Central

    2.31 miles

  • ChargePoint

    0.15 miles

  • QuickTrip

    0.26 miles

  • Chevron

    0.34 miles

  • Circle K

    0.53 miles

  • Texaco

    0.63 miles

  • SemaConnect Network

    0.81 miles

  • Blink

    0.93 miles

  • Mobil

    0.95 miles

  • Circle K

    0.96 miles

  • Circle K

    1.02 miles

  • Park on Central Parking Garage

    0.14 miles

  • Parc Midtown

    0.17 miles

  • 4041 Central Plaza Garage

    0.19 miles

  • Lot D

    0.41 miles

  • Lot B

    0.46 miles

  • Lot C

    0.54 miles

  • Lot A

    0.56 miles

  • Lot E

    0.69 miles

  • Third Avenue Garage

    0.77 miles

  • 5th Avenue Garage

    0.77 miles

  • Hilton Garden Inn Phoenix Midtown

    0.01 miles

  • The Clarendon Hotel and Spa

    0.26 miles

  • Wyndham Garden Phoenix Midtown

    0.31 miles

  • Ramada Phoenix Midtown

    0.34 miles

  • Budget Suites of America

    0.39 miles

  • Extended Stay America - Phoenix - Midtown

    0.41 miles

  • Holiday Inn Phoenix-Midtown

    0.50 miles

  • Hampton Inn Phoenix-Midtown-Downtown Area

    0.72 miles

  • Hilton Phoenix Suites

    0.85 miles

  • Fairfield Inn & Suites Phoenix Midtown

    1.15 miles

  • Yoshi’s

    0.11 miles

  • BoSa Donuts

    0.16 miles

  • Whataburger

    0.32 miles

  • Blimpie

    0.35 miles

  • Wendy's

    0.38 miles

  • Thai E-San

    0.43 miles

  • Taco Bell

    0.46 miles

  • Pho Noodles

    0.49 miles

  • Jack in the Box

    0.50 miles

  • McDonald's

    0.51 miles

  • BASIS Phoenix Central

    0.24 miles

  • Creighton University

    0.66 miles

  • Central High School

    0.72 miles

  • Montecito Community School

    0.75 miles

  • Phoenix College Osborn Location

    0.77 miles

  • Clarendon School

    0.78 miles

  • Osborn School District #8 District Office

    0.81 miles

  • Argib University

    0.81 miles

  • Argib Network University

    0.83 miles

  • Encanto School

    0.84 miles

  • Tutor Time

    2.05 miles

  • Today’s Tomorrow Learning Center

    3.13 miles

  • Robins Nest Child Care

    3.45 miles

  • Biltmore Bible Day Care Center

    3.97 miles

  • Tutor Time

    5.51 miles

  • Sunrise Preschool

    5.92 miles

  • Amigo Preschool

    7.86 miles

  • Happy Days

    8.45 miles

  • A Nannies

    9.52 miles

  • Sunrise Pre-School

    9.63 miles

Frequently Asked Questions

What is the total square footage of City Square - 4000 Tower?

City Square - 4000 Tower totals 297,615 square feet.

When was this property built?

City Square - 4000 Tower was built in 1964.

When was City Square - 4000 Tower last sold?

City Square - 4000 Tower was last sold on 11 Mar, 2019.

What is the property tax for City Square - 4000 Tower?

The property tax for City Square - 4000 Tower in 2022 was $562,827.

What is the market value for City Square - 4000 Tower?

The market value* for City Square - 4000 Tower in 2022 was $41,917,100.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.