501 Gateway Center LLC Acquires Office Building In Phoenix For $18 Million With Brokers Cushman & Wakefield

The transaction involved the sale of 501 North 44th Street, a four-story office building located in Phoenix, AZ. The property was sold for $18,000,000 and has a total area of 102,305 square feet, resulting in a price per square foot of $176. At the time of the sale, the property was 82% leased and featured amenities such as a parking garage and café, along with convenient access to freeways and public transit.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Address: 501 North 44th Street
• Market: Phoenix, AZ
• Square Footage: 102,305
• Price per Square Foot: $176
• Buyer: 501 Gateway Center LLC
• Listing Brokers: Christopher Toci, Eric Wichterman & Mike Coover - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, representing the interests of the buyer, 501 Gateway Center LLC. The transaction reflects their involvement in the sale, highlighting their role in executing the deal.