Trinity Capital Advisor Leases Office Space At 333 North Central Avenue In Phoenix For 11 Years
333 North Central Avenue
Building Size
85,000 SF
Asset Type
Office
Closing
Oct 16, 2026
About this deal
AI
The property asset involved in this transaction is located at 333 North Central Avenue, Phoenix, AZ. It is an office space encompassing 85,000 square feet. The landlord of the property is Foundation 8 LLC, which has plans for renovations including a rooftop bar, restaurant, and conference center as part of its improvement agenda.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $44.5 million renovation loan
- Landlord: Foundation 8 LLC
- Tenant: Kyle Brown - Trinity Capital Advisor
- Lease Terms: 11-year lease
- Address: 333 North Central Avenue
- Market: Phoenix, AZ
- Size: 85,000 square feet
- Brokers: Brett Abramson, Chris Latvaaho & Chris Beall - Newmark; Chris Nord & Nikki Tate - Cushman & Wakefield
Kyle Brown represents Trinity Capital Advisor in this lease agreement, which spans 11 years. The deal was facilitated by brokers from Newmark and Cushman & Wakefield, contributing their expertise to this significant office lease transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93