The Midtown Bank Of America Tower in Mid-Town Phoenix Sells for $14.8m

Midtown Bank Of America Tower
Midtown Bank Of America Tower

Vizzda — Neil Kadisha (CEO) of Omninet Captial has acquired The Midtown Bank Of America Tower from a joint partnership between Ronald Koos of Ronald Realty Group (60.51%) and Rance S Gregory of Morrison Street Capital (39.49%) for $14.8m. The all cash transaction reflects $77.87 per square foot.

The Midtown Bank Of America Tower is a fifteen-story office tower located at 3030 N Central Avenue in Phoenix, or about five hundred feet north of the northwest corner of Central Avenue and Thomas Road. The tower is approximately 190,000 square feet and was built on a 0.86 acre lot. The transaction also featured a 4-story parking garage that sits on a three-quarter acre parcel.

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