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Phoenix Office Building Purchased for $150/sf

12/27/19

A 35.3k sf, office property in central Phoenix’ Midtown market has sold for $5.3 mil ($150/sf). The property is located at 702 E. Osborn Rd, on the northeast corner of Osborn and 7th St.

Constructed in 1984, the two-story building features secured underground parking, a rare amenity for a building of its size. The majority of the building is currently occupied by a prominent law firm moving to a new location, at which time the buyer will renovate and occupy a large portion.

Phoenix-based Boubek Family Trust purchased the property. Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller, Phoenix-based Accelerated Capital Growth LLC.




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