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9/02/25
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A 116.9k sf, institutional-quality multi-tenant office building in Phoenix was purchased for $10.05 mil ($86/sf) by a private investor. The property is located at 4645 E. Cotton Center Blvd, south of Phoenix Sky Harbor International Airport just off I-10.
Situated within the prestigious Cotton Corporate Center, the property underwent $9.4 mil in renovations and capital improvements over the past decade. It is strategically positioned to capitalize on Phoenix’s robust economic growth, offering unparalleled access, highly adaptable “plug-and-play” space, and proximity to a deep, skilled labor pool.
Chris Toci, Eric Wichterman, and Mike Coover of Cushman & Wakefield Phoenix represented the seller in the deal. Mike Bench with Voit Real Estate Service repped the buyer, PRH XXXXV LLC.
“This transaction reflects the strength of Phoenix’s office market when paired with strategic capital investment and tenant-driven design,” said Bench. “It’s a prime example of how targeted acquisitions in supply-constrained, amenity-rich submarkets can create lasting value.”
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