AXS Opportunity Fund Acquires One North Central Office Tower In Phoenix For An Undisclosed Price
1 North Central Avenue
Building Size
429,120 SF
Asset Type
Office
Closing
Oct 2, 2026
About this deal
AI
The sale involved One North Central, a 429,120-square-foot, 20-story Class A office tower located at 1 North Central Avenue in Downtown Phoenix, Arizona. The transaction was completed on October 2, 2026, with AXS Opportunity Fund as the buyer. The asset was represented by brokers Chris Marchildon, Barry Gabel, and Charles Osbrink from Newmark.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Square Footage: 429,120
- Address: 1 North Central Avenue
- Market: Phoenix, AZ
- Buyer: AXS Opportunity Fund
- Brokers: Chris Marchildon, Barry Gabel & Charles Osbrink - Newmark
- Leasing Advisors: Brett Abramson, Chris Latvaaho & Chris Beall
Newmark arranged the sale of the property, representing the seller throughout the transaction. The new owner, AXS Opportunity Fund, has engaged leasing advisors for future management and leasing activities associated with the property.
On the Map
Office
View full map
Players
Charlotte Hall Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Charlotte Hall office sales on Traded.
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