1001 N 3rd Ave
Phoenix, AZ 85003

INVESTMENT HIGHLIGHTS Historic Downtown Infill Location The Gold Spot represents a unique opportunity to purchase a 100% leased investment with a growing cash flow in Downtown Phoenix’s Roosevelt Row where the urban work, live and play lifestyle is transforming the area. This infill location yields some of the highest land sales. There are recent land sales in downtown Phoenix as high as $130 per square foot. Consistent Cash Flow Secured by Proven Tenants • Tenants at The Gold Spot have all been stabilized with long terms and recent renewals. • Secure Income Stream and Convenient Garage Parking Exceptional Access and Visibility There are 52 leased parking spots dedicated to Gold Spot in the structured parking garage conveniently located east of the Property. This is a luxury for retail tenants in Downtown Phoenix. There are also seven dedicated parking spots, for a total of 59 parking spaces. Public parking is also available along 3rd Avenue on the west side of the Property and plenty of street parking within a short walk. Complete Restoration The Gold Spot is an historic building that was completely renovated in 2002. The total redevelopment cost was approximately $3.0 million. The Gold Spot historic restoration revitalized a key corner of the Roosevelt Historic District. Built in 1925 and listed on the National Register of Historic Places, the building was one of the first shopping centers in Phoenix. Its redevelopment was nominated under the Historic Preservation category for Environmental Excellence Awards. The property has quickly become an amenity favorite in Downtown Phoenix. Revitalized Downtown Phoenix Downtown Phoenix is where history meets the future, showcasing Phoenix’s historic town site, its recent revitalization, and continued resurgence into the future. Between 2006 and 2015 the 1.5 square mile area received more than $4 billion in investment in areas including transportation, office, residential, education and research, arts, culture, sports, and hospitality.