CBRE is pleased to exclusively offer for sale The Welnick Marketplace (“the Property”), a 100% occupied, multi-tenant retail development located in Downtown Phoenix. The Welnick Marketplace is ±13,968 rentable square feet located in the City of Phoenix Entertainment District.
The brothers, Leo and Ed Welnick, built Welnick Bros Marketplace in 1927. The adjacent Liefgreen Seed building make up the entire adaptive reuse project ±13,968 SF. In August of 2016 the property was placed on the National Register of Historic Places by the United Stated Department of Interior.
Between 2015-2016 Developer Ownership spent over $2.0 million on all new roof, HVAC, structural, life safety, electrical and plumbing.
Tenants are State 48 Brewery, Gus’s World Famous Fried Chicken, and Quartz Cocktail Bar. There will not be any Tenant rollover until 2031. Welnick Marketplace presents a rare opportunity for an Investor to acquire a 100% leased retail development located in Downtown Phoenix Entertainment District.