1155 Rio Salado Pkwy Tempe, AZ 85281

This exceptional Class A office building, Riverside Office Plaza - Building B, presents a compelling owner-user opportunity in the heart of Tempe, Arizona. The two-story structure boasts approximately 33,094 square feet, with 29,594 square feet currently available. Built in 2005, the building features a striking design with a reflective glass curtain wall, exposed block, and steel finishes, creating a highly desirable aesthetic. Currently 85% occupied with four tenants, the property offers a strong 5.51% cap rate and a net operating income (NOI) of $540,341. The building's prime location along Rio Salado Parkway provides excellent visibility and accessibility, with frontage on a major arterial road serving downtown Tempe, Mill Avenue, and Arizona State University. Enjoy convenient access to Loop 202, offering seamless connectivity to the entire Phoenix metropolitan area. Upper-floor balconies offer stunning views of Tempe Town Lake. The property is zoned GID, City of Tempe, and includes ample parking (4 spaces per 1,000 sq ft). Rent bumps are in place. This is an ideal investment for an owner-user seeking a prestigious location in a thriving market with significant upside potential. The asking price is $9,800,000. APN: 124-25-027 through 124-25-038.