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1 W Madison St 13,500 SF of Office Space Available in Phoenix, AZ 85003
HIGHLIGHTS
- Historic building in the Warehouse District with redevelopment potential
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,500 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
This ±13,500 SF historic building offers a rare opportunity for adaptive reuse in one of the city’s most vibrant corridors. With flexible demising options and basement potential, the space is ideal for creative retail, dining, or experiential concepts seeking a distinctive urban setting.
- Mostly Open Floor Plan Layout
- Central Air Conditioning
- 13,500 SF, can demise, basement potential, patio
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 13,500 SF | Gross Leasable Area | 13,500 SF |
| Property Type | Retail | Year Built/Renovated | 1980/1983 |
| Total Space Available | 13,500 SF |
| Property Type | Retail |
| Gross Leasable Area | 13,500 SF |
| Year Built/Renovated | 1980/1983 |
ABOUT THE PROPERTY
Surrounding attractions include the Phoenix Convention Center, ASU Downtown Campus, and major sports venues like Footprint Center and Chase Field, which draw millions of visitors annually. The area’s daytime population exceeds 245,000 within three miles, supported by nearly 195,000 office workers and a thriving dining and entertainment scene with over 225 bars and restaurants.
NEARBY MAJOR RETAILERS
CONTACTS
-
Teale Bloom -
Courtney Auther Van Loo -
Dillon Young -
Phoenix Commercial Advisors
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1 W Madison St
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