One North Central

Off-Market

1 North Central Avenue, Phoenix, AZ 85004

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 436,443 SF
  • Lot Size 1.31 Acre
  • Parking Spaces Avail. 833
  • Parking Ratio 1.91 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Platinum
  • Building Class A
  • Year Built 2001

Contacts

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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
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Brokers

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Documents

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Sales

  • Purchase Date 25 Aug, 2023
  • 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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 ®

    96/100 Walker's Paradise
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Phoenix, AZ
  • Neighborhood Downtown Phoenix
  • Zip Code 85004
  • Market Phoenix

Points of Interest

  • Washington/ Central Ave

    0.05 miles

  • Jefferson/ 1st Ave

    0.14 miles

  • 3rd St/ Washington

    0.14 miles

  • Van Buren/ Central Ave

    0.24 miles

  • Van Buren/ 1st Ave

    0.26 miles

  • 3rd St/ Jefferson

    0.27 miles

  • Roosevelt/Central

    0.74 miles

  • 12th St/ Washington

    0.92 miles

  • 12th St/ Jefferson

    1.01 miles

  • McDowell/ Central Ave

    1.12 miles

  • Blink

    0.33 miles

  • Blink

    0.40 miles

  • Circle K

    0.47 miles

  • Blink

    0.57 miles

  • Circle K

    0.79 miles

  • Circle K

    0.82 miles

  • Circle K

    0.83 miles

  • Circle K

    0.89 miles

  • Mobil

    0.93 miles

  • Circle K

    0.95 miles

  • Parking Garage

    0.17 miles

  • Chase Tower Parking

    0.17 miles

  • 21 Van Buren Parking

    0.20 miles

  • Jackson Street Garage

    0.28 miles

  • Parking Garage

    0.30 miles

  • Event truck parking

    0.31 miles

  • 305 Building

    0.31 miles

  • University Center Parking Garage

    0.32 miles

  • All Day Parking Available

    0.36 miles

  • Maricopa County Facilities Management

    0.38 miles

  • Hotel Palomar Phoenix - a Kimpton Hotel

    0.07 miles

  • Renaissance Phoenix Downtown Hotel

    0.07 miles

  • Hotel Palomar

    0.08 miles

  • Hilton Garden Inn Phoenix Downtown

    0.12 miles

  • Hyatt Regency Phoenix

    0.12 miles

  • Hotel San Carlos

    0.15 miles

  • Residence Inn Phoenix Downtown

    0.16 miles

  • Hyatt Place Phoenix / Downtown

    0.19 miles

  • Westin Phoenix Downtown

    0.22 miles

  • Hampton Inn & Suites Phoenix Downtown

    0.25 miles

  • Duck and Decanter

    0.02 miles

  • Yogurtini

    0.04 miles

  • La Piazza Locale

    0.04 miles

  • Hanney's

    0.04 miles

  • Dog Haus Biergarten

    0.05 miles

  • Potbelly

    0.06 miles

  • Breakfast Club

    0.06 miles

  • The Counter

    0.07 miles

  • Enjoy Sushi

    0.07 miles

  • Papa Cristo's

    0.07 miles

  • Phoenix School of Law

    0.00 miles

  • Arizona State University Downtown

    0.35 miles

  • Thunderbird School of Global Management

    0.37 miles

  • Arizona State University Mercado

    0.42 miles

  • City of Phoenix Biomedical Campus

    0.49 miles

  • University of Arizona

    0.57 miles

  • Bioscience High School

    0.64 miles

  • Arizona State University Preparatory Academy

    0.66 miles

  • Washington School

    0.67 miles

  • Dunbar School

    0.83 miles

  • Tutor Time

    1.20 miles

  • Today’s Tomorrow Learning Center

    2.73 miles

  • Robins Nest Child Care

    4.50 miles

  • Biltmore Bible Day Care Center

    5.62 miles

  • Tutor Time

    6.30 miles

  • Sunrise Preschool

    8.44 miles

  • Little Rascals Learning Center

    8.46 miles

  • Amigo Preschool

    8.59 miles

  • Sunrise Pre-School

    8.71 miles

  • Little Rascals Learning Center

    8.77 miles

Frequently Asked Questions

What is the total square footage of One North Central?

One North Central totals 436,443 square feet.

When was this property built?

One North Central was built in 2001.

When was One North Central last sold?

One North Central was last sold on 25 Aug, 2023.

What is the property tax for One North Central?

The property tax for One North Central in 2022 was $3,066,262.

What is the market value for One North Central?

The market value* for One North Central in 2022 was $138,250,700.
*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.

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