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Office Building with Surface Parking
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1812 W Monroe St, Phoenix, AZ 85007

Downtown office property with an existing branch leaseback and vacant space for future occupancy or repositioning.

Property Size19,602 SF
Days on Market34

Property Features for 1812 W Monroe St

General Information

Standard status Active
Size 19,602 SF
Total Parking Spaces 114
Property subtype Office
Lease Type NNN
Investment Type Owner/User

Additional Details

Public Transit Yes

Building Details

Year Built 1970
Buildings 1
Tenancy Single
Building Size 19,602 SF
Parking Ratio 5.82 per 1,000 SF
Owner Occupied Yes
Listed By: Corey Waite · License #01134516
Source: Crexi
Added: Jul 28 Changed: Aug 29 Last Checked: Aug 29 at 1:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corey Waite

Investment Insights

Based on property information with market context.

This 1970 office building contains ±19,602 SF and was purpose-built as a financial services headquarters. OneAZ Credit Union leases back its 4,524 SF branch premises for 10+ years, while the remainder of the building will be delivered vacant. The property has operated continuously as a OneAZ branch since 1970.

Located at 1812 W Monroe St in downtown Phoenix’s Capitol Mall government district, the property is within walking distance of federal, state, county, and municipal offices and has access to mass transit. Two surface parking fields provide 114 stalls, or approximately ±5.82 per 1,000 SF, a notable feature for a downtown office asset.

Key Highlights

  • ±19,602 SF office building constructed in 1970
  • OneAZ Credit Union leaseback covers 4,524 SF for 10+ years
  • Balance of the property to be delivered vacant

Property Analytics

Current Use

Coinstar Bank OneAZ Credit Union Bank Arizona Caregiver Coalition Charitable Organization ATM OneAZ Credit ... Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Spa & Massage Center Nail Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,209
Businesses Nearby

Demographics for 85007, AZ

14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Downtown office property with an existing branch leaseback and vacant space for future occupancy or repositioning.
Where is this office building located?
The property is located at 1812 W Monroe St Phoenix, AZ.
What are key features of this property?
This property features: ±19,602 SF office building constructed in 1970; OneAZ Credit Union leaseback covers 4,524 SF for 10+ years; Balance of the property to be delivered vacant
More about this property
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