Cuningham 5001 E Washington St 6,178 SF Office Building Phoenix, AZ 85034 $2,193,271 ($355.01/SF) 7% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a single-tenant office investment leased to Cuningham Group Architecture Inc., a globally recognized architecture and design firm celebrated for its sustainable, people-centered environments.
Constructed in 1951 and listed on the Phoenix Register of Historic Places, this iconic property was designed by renowned architect William Pereira, famous for landmarks such as the Transamerica Pyramid in San Francisco. The building has undergone recent capital improvements, including new HVAC, roof recoat, parking lot sealcoat, and exterior paint, ensuring long-term functionality and appeal.
The lease features a Modified Gross structure with 3% annual rent increases, offering investors predictable income growth. With approximately 3 years remaining on the primary term and one five-year renewal option, this investment provides stability backed by a proven tenant with a strong global presence.
Founded in 1968, Cuningham Group operates six offices worldwide—including Phoenix, Los Angeles, Denver, Las Vegas, Minneapolis, and Doha—and is recognized for its award-winning portfolio spanning education, healthcare, hospitality, and mixed-use developments. The firm integrates research-driven design and environmental stewardship, consistently advancing high-performance building practices through LEED, WELL, and Living Building Challenge standards. For more information, visit www.cuningham.com.
Strategically located at 5001 E Washington Street, the property sits in a densely populated trade area with over 340,000 residents within a five-mile radius and average household incomes exceeding $111,000. The site offers excellent connectivity via Loop 202, SR-143, and I-10, and is minutes from Sky Harbor International Airport, Arizona State University, and downtown Phoenix. The surrounding area is experiencing significant growth, with multiple multifamily developments and strong daytime population counts exceeding 494,000 within five miles.
This offering represents a rare opportunity to acquire a historic, well-maintained office property leased to a premier global architecture firm in one of Phoenix’s most dynamic corridors.