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717 - 735 Grand Avenue - Tuft & Needle, Phoenix, AZ

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717 - 735 Grand Avenue - Tuft & Needle

Grand Ave & Van Buren St
Phoenix, AZ 85007-2509 - Downtown Phoenix Ret Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing , Renov April 2013 Year Built:1917
Building Size:36,000 SF Land Area:1.13 AC (49,223 SF)
For Sale Price:$10,130,000 Price/SF:$281.39
Cap Rate:-
Parking:20 Surface spaces are available; Ratio of .55/1,000 SF

Completely remodeled and refurbished, the historic 1917 OS Stapley Buildings is a creative mind's office dream. Located in the up and coming Lower-Grand Avenue Business District. These one-of-a kind newly restored buildings are close to all downtown amenities including CityScape, ASU downtown campus, Phoenix BioMedical Campus, U.S. Airways Arena, Phoenix City Hall, government buildings, & Valley Metro Light Rail.

Sale Notes:
Lee & Associates is pleased to exclusively present an outstanding opportunity to acquire the 100% fee simple interest in the Tuft & Needle Corporate Headquarters and Showroom located in Downtown Phoenix, Arizona.

The site is located on the Northwest corner of the intersection of Grand Avenue, Seventh Avenue, and Van Buren Street. The site was previously the O.S. Stapley building and was masterfully renovated by SimonCRE. The building now features open spaces, skylights, trusses, and large glass front doors.

Tuft & Needle was founded in 2012 by two software engineers from Silicon Valley who were fed up with sky-high prices and a lack of transparency in the mattress industry. The company is now on track to do over $100 million in revenue in 2016 compared to just $1 million in 2013.

Lee & Associates
Patrick Dempsey
(602) 954-3772

Jan P Fincham
(602) 954-3754

Andrew Lundahl
(602) 956-7777

Lee & Associates Commercial Real Estate Service
Ryan Barr
(760) 448-2446

Ryan Bennett
(760) 448-2449

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