|Price/Rent PSF||$ 6,950,000.00|
|SQ. FT. Available||18,058|
The subject office property is located in the heart of Downtown Phoenix, one of the fastest growing job markets and economies in the United States. In addition to having direct access to the I-10 Freeway and being within walking distance of major sporting venues such as Chase Field and US Airways Arena, the building lies in the center of a Downtown that is experiencing significant and positive change. This location is surrounded by impressive urban amenities including living, shopping, arts and entertainment. Beyond large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and both the ASU Downtown Campus and the U of A Phoenix Biomedical Campus, there is also a real grassroots effort by the city to create a true "downtown" community.
The subject property consists of a two story ±18,058 SF retail building currently occupied by The Grand, a 24/7 restaurant and coffee shop, and Club Downtown, a prominent night club. The site consists of a ±0.80 AC lot in the heart of Downtown Phoenix. The buildings were built in 1958 and have been recently renovated by the current owner with exposed ceilings and industrial finishes throughout.