Loft Creative Space For Sale
13,116 Sq Ft
The subject property consists of a three story ±13,116 SF office building (inclusive of basement space) on a ±0.17 AC lot in the heart of Downtown Phoenix. This building is a truly creative office building/studio space with tremendous history and an iconic mural paying homage to The Wallace and Ladmo Show, one of the longest running TV shows for children at the time, which was filmed out of First Studio. Built in 1949 by Rex Schepp and designed by T. Lawrence Milligan, KPHO television and radio station originally operated out of First Studio as the first television station in Arizona. Over the years, many predominant politicians, athletes and celebrities have graced the Arizona airways from the studio.
Over the years, a number of other radio stations cycled through the building, but in 2002, the building was purchased and fully gutted. The studio feel was brought back with extreme care and high end finishes, and the rest of the building was built-out to house several creative companies. This property offers great flexibility for an owner user to occupy as much or as little space as it would like in the building with supplemental cash flow in place or for an investor to continue the executive suite operation. The parking lot consists of 27 parking spaces currently under leasehold that will convey with the property. In the rear of the building, there is a ±12 foot roll up door as well as individually secured storage units for the various tenants. The property has a secure voice box system for tenant visitors as well as a video surveillance system with remote access capability.