Local Non-Profit Acquires Office Building for Approximately $3.3 Million
Phoenix, Arizona – Christian Family Care has purchased a 22,000-square-foot office building at 2346 N. Central Ave. for $3,325,000 ($151 PSF). The 35-year-old, non-profit organization will utilize the building to accommodate future expansion.
Christian Family Care is a well-known 501C3 based in Phoenix. The organization provides adoption care, foster care and counseling services to a wide variety of populations in Greater Phoenix.
“This very important community organization was interested in purchasing commercial office space in the Central Phoenix area,” says Greg Hopley, executive vice president with Colliers International in Greater Phoenix. “This building is ideally suited for the organization’s future use and expansion since Christian Family Care’s current headquarters is conveniently located near 7th Avenue in Greater Phoenix.”
Hopley represented Christian Family Care in the purchase transaction. The landlord, Deco 2346 Central, LLP, was represented by Cushman & Wakefield.
The free-standing commercial office building was constructed in 1978. Christian Family Care was attracted to the amenities of the surrounding area and easy access it provides to both the SR51 and Interstate 10 freeways. The property features excellent ingress and egress with prominent building signage opportunities on Central Avenue. Abundant parking, lush landscaping and the sizable 1.48-acre site also attracted the buyer. The 22,000-square-foot building provides a beautiful interior build-out that includes high ceilings, conference room, break room, bullpen area, offices and restrooms.