A Phoenix office sale topping $86 million is among the region’s largest of the past year, but the building in the traditionally high-demand Camelback corridor sold for about 14% below its last sale price in 2018 in what’s become a national trend for the struggling property category.
Phoenix Office Building Sells at Discount Despite High-Profile Address
Region Joins Others Where Sellers Are Responding to Vacancy, Financial Pressures
By Lou Hirsh
CoStar NewsApril 30, 2024 | 8:07 P.M.
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IN THIS ARTICLE
- Properties
- 24th At Camelback
2375 Camelback Rd, Phoenix, AZ
- Companies
- New York Life Insurance Company
Finance and Insurance
- New York Life Investments
Real Estate