Madison Square, Phoenix, AZ
Institutional Grade (GSA) | Multi-Tenant Office Portfolio | Phoenix, AZ | Madison Square
Marketing description
Unmatched Access to Transportation and Amenities
—Transit-Connected, Walkable Hub | Madison Square is ideally positioned within a walkable urban environment, providing seamless access to transportation and a vibrant mix of amenities. With an impressive Walk Score of 83, the property offers multi-modal connectivity that supports tenant retention and workforce convenience.
—Strategic Location | The property’s strategic downtown location at the convergence of Grand Avenue/US-60 and Downtown Phoenix provides direct access to major regional corridors, with I-10 less than a mile away and I-17 just two miles away.
For commuters, multiple Valley Metro Light Rail stations are within a 10-minute walk, connecting tenants to key areas like Mesa, Tempe, and Northwest Phoenix. The property also benefits frequent flyers, as Phoenix Sky Harbor International Airport, serving over 52 million passengers annually, is just five miles away.
—Expanded Amenity Base | Situated adjacent to Downtown Phoenix, Madison Square is footsteps away from an expanded amenity base. This includes a diverse array of restaurants, retail options, and entertainment venues such as Chase Field, Arizona Financial Theatre, and Footprint Center. The property is also located near the Phoenix Government District, offering long-term stability and appeal for government-related tenants. The presence of Arizona State University’s Downtown Phoenix campus adds to the area’s vibrancy and attracts a dynamic tenant base.
Investment highlights
100 N Seventh: $8,047,375 | 150 N Seventh: $3,596,025 | 250 N. Seventh: $22,656,000
Institutional-Grade Multi-Building Office Portfolio with Timeless Appeal
—Since its inception, Madison Square has been owned and operated by institutional stakeholders committed to maintaining premier standards. This dedication is reflected in continuous enhancements to key areas of the campus, including a modernized main lobby, refreshed common areas, upgraded security infrastructure, and a well-maintained parking structure—ensuring long-term value and tenant satisfaction.
—Madison Square spans nearly 8 acres and includes four office buildings, three of which—100, 150, and 250 N. 7th Ave.—are currently offered for sale by CBRE.
These buildings feature modern finishes, floor-to-ceiling windows, and a mix of Class A and B office space. The campus is anchored by a five-story parking garage providing approximately 824 stalls in addition to 186 surface parking spaces.
—Combining timeless architecture, high-quality construction, and a prime location near downtown Phoenix, Madison Square stands out as one of the premier office assets in the area. The 150 N. 7th Ave. building offers a strategic opportunity for an owner/user to control nearly the entire footprint, ideal for organizations seeking full-building identity and operational autonomy.
Maximizing Returns For Investors and Owner-Users With Holistic Value-Add Approach
—Stable Government Tenancy | Madison Square benefits from long-term leases with prominent federal and state agencies, including the Social Security Administration, Federal Public Defender, Executive Office of Immigration Review, and Arizona Commerce Authority—providing reliable, creditworthy income streams.
—Ongoing Lease Optimization Efforts | Ownership is actively negotiating lease expansions and renewals with key tenants, including the Federal Public Defender and Arizona Commerce Authority. This presents a compelling opportunity for investors to capitalize on potential increases in occupancy and long-term cash flow stability.
—Parking Garage Monetization | Ownership is finalizing a partnership with ABM Parking Services, a respected national operator, to implement paid parking for tenants, employees, and visitors. Once stabilized, the garage is projected to generate approximately $700,000 in additional free cash flow annually. This added income stream enhances the asset’s valuation and positions the garage parcel for a potential disposition at a low cap rate—offering investors the opportunity for outsized returns.
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