2025-03-26 LT COUNTY ASSESSOR - ASRS.PDF

FENNEMORE.
Patrick Irvine
Enclosure
cc (via email): Michell Miles (Michell.Miles@cbre.com)
Gregory Gingell (Gregory.Gingell@Maricopa.Gov)
Patrick lrvine
Director
pirvine@fennemorelaw.com
2394 E. Camelback Road, Suite 600
Phoenix, Arizona 85016
pH (602) 916-s406 | FX (602) 916-s606
fennemorelaw.com
March 26,2025
VIA HAND.DELIVERY AND MAIL
Mr. Eddie Cook
Maricopa County Assessor
301 West Jefferson
Phoenix, Arizona85003
Arizona State Retirement System
Parcel #ll8-37-021P; 3300 N. Central, Phoenix, Aizona
Dear Mr. Cook:
This firm represents the Arizona State Retirement System ("ASRS"), which is the owner
of the parcel listed above, located at 3300 N. Central, Phoenix, Arizona.
This letter will serve as the ASRS election under A.R.S. $ 42-11102(C) to elect to pay a
government property lease tax for the tax year 2025 for that parcel. We will submit our official
calculation of the tax after the Arizona Department of Revenue releases the 2025 forms in
September. Informally, based on the 2024 tax rates and rent ro11 as of January 31,2025, we have
estimated the tax using last years' form, attached, as being $256,588.00, which will be due by
December 1,2025.
Please call me if you have any questions.
Sincerely,
FENNEMORE CRAIG, P.C.
Re
5t494369

GOVERNMENT PROPERTY LEASE EXCISE TAX (GPLET) RETURN FORM
FOR CALENDAR YEAR / TAX YEAR 2025
Pursuant to A.R.S.
42-620'l
Government Lessor (the property owner) must complete ltems 1 - 12
1. Government Lessor:
Nsnrs. ARIZONA STATE RETIREMENT SYSTEM
42-6210
E-Mail:
Address: ASRS c/o CBRE, 3300 N. CENTML AVE., STE 1100,PHXM85012
Treasurer's Use Only. 
Date Received
Penalty Due: Yes
For
N
phone: (602) 916-5406
Contact Person: Patrick lrvine
2. Subject Government Property lmprovement:
Property's Name (if applicable):
33OO NORTH CENTRAL AVENUE
Assessor's Parcel Numbe r: 1 18-37-021P
StreetAddress: 3300 N CENTRAL AVENUE, PHOENIXAZ
3
Multiple parcels check here:nanO attach list.
Prime Lessee:
Name: N/A
E-Mail:
Address
4.
5.
6.
Phone
Contact Person
The date of issuance of the original Certificate of Occupancy for the leased improvement is:
04101t1980
Lease Origination Date: 
Lease Termination Date:
Has the lease been amended since the last return was filed? Ves l_l 
f.f o n
lf yes, attach a separate statement detailing the amendment(s) or attach a copy of the amended lease to this return form.
ls there a predominate use of the government property improvement subject to your lease? yes lZ 
ruo E
lf yes, select the appropriate use below and enter the gross building space or total square footage subiect to the lease and the
number of parking spaces included in the lease that are located within a parking garage or deck (if applicable).
lf a predominant use cannot be identified, select all of the uses subiectto the lease and enterthe square footage devoted to each use.
(lf additional space is needed, attach a separate page.)
l--l(column5)1storyofficestructureGrossBuildingSpace-NumberofParkingSpaces
7
l_.llGolumn 6)
l7l(Column 7)
l_-l(Column 8)
l--l(Column 9)
l--l(Golumn 10)
l--l(Column 11)
f](Column 12) All others 
Square Footage
[(Column '13) Parking Garage or Deck (structure only)
2to7storiesofficestructureGrossBuildingSpace-
8 or more stories office structure Gross Building Space 
41,491
Retail structure 
Square Footage
Hotel/Motel structure 
Square Footage
Warehouse/lndustrial structure Square Footage
Residential-Rentalstructure SquareFootage
Number of Parking Spaces
Number of Parking Spaces 
146
Number of Parking Spaces
Number of Parking Spaces
Number of Parking Spaces
Number of Parking Spaces
Number of Parking Spaces
Number of Parking Spaces
8.
ls this an initial return? (i.e., is this the first time that a return has been filed) ves f] 
No E]
lf yes, and if a "ceftified statement' of gross building space or total square footage and/or the total number of parking places, as
applicable has been obtained, submit a copy of that certified statement with the return form.
L 
ls the Prime Lessee claiming that the use of the leased property is exempt from the excise tax pursuant to A.R.S $ 42-6208, as
indicated by one of the paragraphs numbered 1 through 15 on page 2 of the return form?
Yesfl ruoEI
lf yes, indicate the applicable paragraph number here:
10. ls the Prime Lessee currently subject to an abatement of the Excise Tax? yes l_l 
No E
lf yes, the abatement was approved on:
and the abatement terminates on
By signing this form beloW the Prime Lessee certifies, under penalty of perjury, that (a) the "gross building space", or the total square footage,
and/or the total number of parking spaces, as applicable, has not changed from the previouJyear's reported figures, and (b) that if the lease is
subject to abatement, all elements necessary to qualify for the excise tax abatement are satisfied for the current calendar yearitax year.
lgnature (Prime Lessee)
Date
11. Total excise tax amount = $ ?56 sAR nO
(calculated amount from worksheet)
Tax amount was calculated using which Rate Chart? A E 
or B E
The tax is due and payable to the County Treasurer on or before December 1 of each calendar year. Penalty applies if delinquent,
12. Penalty amount = $
% x Total excise tax if paid after December 1.)
Attach a copy of the completed Worksheet to this Return and submit copies to both the CountyTreasurer and the prime Lessee. The
Prime Lessee should retain a copy of the Return form and the Worksheet utilized (and any other attachments) for their records.
ADOR 82620 (Reviewed 0912024)

4.
Exempt GPTET lmprovements
A.R.S. S 42$208
The GPLET does not apply to:
1. Property used for a governmental activity
2. Property used for public housing.
3. Easements and rights-of-way of railroads, gas, electric, water, pipeline and telephone utilities.
lnterests in all or any part of a facility that is owned of record by a government lessor and used primarily for athletic, recreational,
entertainment, artistic, cultural or convention activities if the interest is used for those activities or activities direcfly related and
incidental to these uses including concession stands.
5. Property that is used for or in connection with aviation, including hangars, tie-downs, aircraft maintenance, sale of aviation related
items, charter and rental activities, commercial aircraft terminal franchises, rental car operations, parking facilities and
restaurants, stores and other services that are located in a terminal.
6.
The use by a commercial airline of the runways and terminal facilities of state, city, town or county airports and public airports
operating pursuant to A.R.S. SS 28-8423, 28-8424 and28-8425.
7. Leases of property or interests in a transportation facility that is constructed or operated pursuant to A.R.S. Tifle 2S,Chapler 22.
8. lnterests in lands held in trust by this state pursuant to A.R.S. Title 37, Chapter 2, Article 1
9. lnterests in property held in trust for an lndian or an lndian tribe by the U. S. government.
10. lnterests in property that is defined as "contractor-acquired property" or "government furnished property" in federal acquisition
regulations, 48 Code of Federal Regulations section 45.101, and that is owned by the government and used to perform a
government contract.
1 1. Property of a corporation that is organized by or at the direction of a county, city or town to develop, construct, improve, repair,
replace or own any property, improvement, building or other facility to be used for public purposes that the county, city, or town
pledges to lease or lease-purchase with county or municipal special or general revenues.
12. lnterestsinpropertyusedbyachamberof commercerecognizedundersection50l(c)(6) of theUnitedStateslnternal Revenue
Code if the property is used predominately for those federal tax exempt purposes.
13. lnterests in property used by organizations that are exempt from taxation under section 501(c)(3) of the United States lnternal
Revenue Code.
14. lnterests in parking garages or decks if they are owned and operated by a Government Lessor, or are operated on behalf of a
Government Lessor or by an entity other than the Prime Lessee, pursuant to a management agreement with the Government
Lessor.
15. Residential-rentals if the Prime Lessee is the occupant.
2
ADOR 82620 (Reviewed 09/2024)