1155 W Rio Salado Pky - Office FOR SALE


Tempe, AZ 85281
$9,800,000 USD
602-339-3131
1155 W Rio Salado Pky, Tempe, AZ for Sale
$9,800,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

1155 W Rio Salado Pky
Tempe, AZ 85281


OVERVIEW

• 63% leased, two-story multi-tenant office building. • ±29,594 SF available to accommodate an owner/user. • Located in prestigious downtown Tempe, known for having the highest concentration of major corporate employers in the Valley, in addition to a high concentration of some of the largest companies in the country, including Amazon, Microsoft and State Farm. • Frontage along Rio Salado Parkway, a main northern arterial housing over 5.4 million SF of class A office space, that serves as an entrance feeding into Downtown Tempe and its Mill Avenue Entertainment District, and Arizona State University. • Timeless and relatively new 2005 construction. • Balconies in the north facing upper floors boast expansive views of Tempe Town Lake. • One-mile access to the Loop 202, providing fast access to the entire metropolitan freeway system and the rest of metro Phoenix. • $9,800,000

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building B

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

I-1

APN/PARCEL ID

124-25-031,124-25-032,124-25-033,124-25-034,124-25-035,124-25-036

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.