245 E Jackson St - Freestanding FOR SALE


Phoenix, AZ 85004
$15,000,000 USD
602-332-5507
245 E Jackson St, Phoenix, AZ for Sale
$15,000,000 USD
Freestanding - FOR SALE
1/88
null | 5.6% Cap Rate

245 E Jackson St
Phoenix, AZ 85004


HIGHLIGHTS

  • Award winning multi-million dollar renovation blending new and old.
  • Prime location adjacent to the Footprint Center.
  • Abundant on-site, street and garage parking.
  • State of the art infrastructure upgrades.
  • Highly sought after event center with 5-star reputation.
  • Integral icon of downtown Phoenix and Warehouse District.

OVERVIEW

Imagine owning a piece of history while acquiring the premier property in the dynamic and rapidly expanding Downtown Phoenix Warehouse District. Welcome to 245 E Jackson St, a distinguished event and office venue that has become the go-to destination for top-tier companies and organizations, including Google, the Phoenix Suns, Mercury, Diamondbacks, Cardinals, and many more. Strategically located adjacent to the Footprint Center, this property offers unparalleled access to the vibrant heart of downtown Phoenix. The area is buzzing with a thriving restaurant, hotel, bar, sports, entertainment, and retail scene, and the ever-expanding Arizona State University (ASU) downtown campus is just blocks away. With 14 new multi-family developments completed in the last five years and an additional 2,400 units under construction, the downtown Phoenix area is one of the fastest-growing hubs in the region, making this property an exceptional investment opportunity. Originally built in the 1930s, this historic warehouse has been meticulously renovated and expanded to become a stunning, versatile, and highly sought-after event center. No expense has been spared in the transformation, which features state-of-the-art technology and infrastructure throughout. Whether hosting large corporate conferences, celebrity celebrations, or small, intimate gatherings, this venue can accommodate a wide range of events with ease and sophistication. The property boasts its own dedicated parking lot and access to numerous surrounding parking options, including downtown parking garages, ensuring convenience for guests and clients alike. The reputation of this venue speaks for itself, offering a unique blend of historic charm and modern amenities that set it apart as a premier destination in the region. Don’t miss this rare opportunity to own a piece of Phoenix’s history while investing in one of the most coveted properties in the area. Purchase as an owner-user or opt to have the current occupant lease back for up to 7 years.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

PUD

APN/PARCEL ID

112-27-115

ASK ABOUT THIS PROPERTY

Tom WolfWest USA Realty - CommercialMore Info
602-332-5507

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Tom WolfWest USA Realty - CommercialMore Info
602-332-5507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.