Balfour Pacific Sells Office Building At 3003 North Central Avenue In Phoenix For $32.25M

The asset involved in this transaction is a Class A multi-tenant office building located at 3003 North Central Avenue in Phoenix, AZ. The building encompasses a total square footage of 458,047 and was sold for $32,250,000, equating to a price per square foot of $70. At the time of the sale, the property was 81% leased and had undergone nearly $11 million in upgrades.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,250,000
• Seller: Balfour Pacific
• Brokers: Barry Gabel, Chris Marchildon & Charles (CJ) Osbrink - Newmark
• Sale Date: 02/06/2026
• Market: Phoenix, AZ
• Square Footage: 458,047
• Price per Square Foot: $70

Newmark facilitated the sale of the property to a private Canada-based buyer, showcasing their involvement in the transaction and highlighting the connections between broker representatives and the seller, Balfour Pacific.