7th Gate Center 1601 N 7th St 44 469 pi² Bureau Immeuble Phoenix, AZ 85006 11 146 480 $ CAD (250,66 $ CAD/pi²)

• ±19,338 SF immediately available for an owner to occupy, including the ENTIRE ±12,684 SF fourth (top) floor—wrap-around Valley views in all directions and multiple private balconies.
• Growth path to ±21,739 SF by mid-2027 as two third-floor leases (±2,401 SF combined) expire—no third-floor tenant holds a renewal option.
• ±17,169 SF of in-place tenancy across eight suites provides immediate income to offset an owner’s cost of occupancy.
• Rare two-level underground parking garage—85% of the ±3.8/1,000 parking ratio is sheltered from the elements, an exceptional employee amenity in Phoenix.
• Offered at $8,000,000, or $180 per square foot—versus replacement cost of $700+ per square foot for an underground-parked building of this quality. That is roughly 25% of the cost to rebuild.
• The One Big Beautiful Bill Act permanently restored 100% bonus depreciation—an owner/user pairing the purchase with a cost segregation study can potentially deduct 20–35% of the purchase price in Year 1.
• Owner/user alternatives are scarce: Metro Phoenix office buildings under 50,000 SF are ±92% occupied with a direct vacancy rate of just 7.8%—a two-decade low—and the Property’s eight-building competitive set is 92.1% leased.
• Trade-area rents are climbing fast: average starting rents within a two-mile radius jumped from $27.11/SF FSG in 2025 to $31.56/SF FSG as of the 2nd quarter of 2026—a 16% increase in 18 months.
• Interstate 10 lies just two blocks south; Banner–University Medical Center is directly across McDowell Road; and the Property sits at the border of the Downtown and Midtown submarkets amid Central Phoenix’s urban revival.