Listing Agency: CBRE | Corporate c***@cbre.com Show Phone

Listed By: Charles Miscio Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 18 Last Checked: Aug 29 at 6:49AM

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Investment Insights

Based on property information with market context.

This approximate 247,911 square foot office building is located in Midtown Phoenix, along the Light Rail system. It is approximately a 10-minute drive to Phoenix Sky Harbor International Airport. The building features new spec suites, a new tenant amenity center, and new common areas.

Key Highlights

• Approximate 247,911 SF office building
• Located in Midtown Phoenix
• Along the Light Rail System

Property Analytics

Property Profile

Current Use

Buckley King Lpa Law Firm arizona 529 plan Consultant CB Richard Ellis Real Estate Agency Arizona Ombudsman-Citizens' Aide Government Office Saba Tesfamariam Pediatrician

Suggested Use

Top Pick Pet Grooming Service Carpet & Flooring Store Locksmith Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)

Lease Type

$3.97 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,543

Businesses Nearby

Explore this area Business Placement

Demographics for 85004, AZ

8,833

Population

6,455

Households

1.4

Avg Household Size

32

Median Age

59%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

4,206

Density / Sq Mi

$71,250

Median Household Income

$46,376

Median Earnings

$1,759

Median Rent

$365,500

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$25.6 /SF/Yr

Avg Asking Price

$2–$47 /SF/Yr

Price Range

28,862 SF

Avg Space Size

This space is priced 4% above the average of $25.6 /SF/Yr.

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - 247,911 SF office building in Midtown Phoenix for lease.

Where is this office building located?

The property is located at 2020 N Central Ave Phoenix, AZ.

What is the lease rate?

The lease rate is $26.50 SF/Yr.

What are key features of this property?

This property features: Approximate 247,911 SF office building; Located in Midtown Phoenix; Along the Light Rail System