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The Stockyards 3 Properties Offered at $15,158,670 CAD in Phoenix, AZ
Investment Highlights
- Home to Arizona’s original steakhouse, The Stockyards Restaurant.
- Wide range of tenant suites and efficient floor plates.
- Premier frontage and visibility along Washington Street, a major east–west arterial in Phoenix.
- Over 50% of office space consists of cutting edge, high-end creative suites.
- Transit oriented location with direct light rail frontage/station, three (3) freeways within a two-mile radius.
Executive Summary
- Two building, ±52,146 SF mixed-use office/retail development featuring high quality construction and a modern, campus style environment.
- ±92.4% leased to a synergistic mix of professional office users—complemented by a historic, on-site restaurant anchor.
- Home to Arizona’s original steakhouse, The Stockyards Restaurant, a highly successful landmark restaurant that reinforces the property’s prestige, heritage, and long-standing community presence.
- The Stockyards Restaurant continues to thrive, often reaching full capacity and drawing a waitlist for both lunch and dinner. The restaurant’s gross sales are robust and steadily growing, with over 80% of revenue is generated from dinner service.
- Over 50% of office space consists of cutting edge, high-end creative suites, which significantly reduce tenant improvement costs.
- Wide range of tenant suites and efficient floor plates designed to meet the needs of a wide range of tenants and support market driven demand.
- Transit oriented location with direct light rail frontage/station, three (3) freeways within a two-mile radius, and near immediate access to Phoenix Sky Harbor International Airport.
- Strategically positioned at the convergence of Downtown Tempe and the North Airport/44th Street Corridor, benefiting from proximity to amenity-rich metro Phoenix locations, such as the Downtown Tempe, Scottsdale, 44th Street Corridor/Camelback, and Downtown Phoenix.
- ±92.4% leased to a synergistic mix of professional office users—complemented by a historic, on-site restaurant anchor.
- Home to Arizona’s original steakhouse, The Stockyards Restaurant, a highly successful landmark restaurant that reinforces the property’s prestige, heritage, and long-standing community presence.
- The Stockyards Restaurant continues to thrive, often reaching full capacity and drawing a waitlist for both lunch and dinner. The restaurant’s gross sales are robust and steadily growing, with over 80% of revenue is generated from dinner service.
- Over 50% of office space consists of cutting edge, high-end creative suites, which significantly reduce tenant improvement costs.
- Wide range of tenant suites and efficient floor plates designed to meet the needs of a wide range of tenants and support market driven demand.
- Transit oriented location with direct light rail frontage/station, three (3) freeways within a two-mile radius, and near immediate access to Phoenix Sky Harbor International Airport.
- Strategically positioned at the convergence of Downtown Tempe and the North Airport/44th Street Corridor, benefiting from proximity to amenity-rich metro Phoenix locations, such as the Downtown Tempe, Scottsdale, 44th Street Corridor/Camelback, and Downtown Phoenix.
Property Facts
| Price | $15,158,670 CAD | Number of Properties | 3 |
| Price / SF | $166.67 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.38% | Total Building Size | 90,951 SF |
| Sale Type | Investment | Total Land Area | 8.13 AC |
| Status | Active |
| Price | $15,158,670 CAD |
| Price / SF | $166.67 CAD / SF |
| Cap Rate | 7.38% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 90,951 SF |
| Total Land Area | 8.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 1A
5013 E Washington St, Phoenix, AZ 85034 |
Office | 33,500 SF | 2005 | - |
|
Bldg 1
5009 E Washington St, Phoenix, AZ 85034 |
Office | 30,000 SF | 1953 | - |
|
Stockyards Restaurant
5009 E Washington St, Phoenix, AZ 85034 |
Retail | 27,451 SF | 1953 | - |
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