245 E Jackson St
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245 E Jackson St
25,133 SF 100% Leased Retail Building Phoenix, AZ 85004 $15,000,000 ($597/SF) 5.60% Cap Rate
Investment Highlights
- Award winning multi-million dollar renovation blending new and old.
- Abundant on-site, street and garage parking.
- Highly sought after event center with 5-star reputation.
- Prime location adjacent to the Footprint Center.
- State of the art infrastructure upgrades.
- Integral icon of downtown Phoenix and Warehouse District.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
25,133 SF
Building Class
B
Year Built/Renovated
1935/2015
Price
$15,000,000
Price Per SF
$597
Cap Rate
5.60%
NOI
$840,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.61
Lot Size
0.95 AC
Opportunity Zone
Yes
Zoning
PUD - Planned Urban Development
Frontage
Amenities
- Bus Line
- Corner Lot
- Courtyard
- Security System
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 112-27-115 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $515,194 |
PROPERTY TAXES
Parcel Number
112-27-115
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$515,194
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