For Sale
$13,850,000

8700 Price Rd Tempe, AZ 85283

132,070 SF Owner-User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 132,070 square foot, two-story office building presents a unique owner-user opportunity within the prestigious Arizona State University Research Park in Tempe, Arizona. Built in 2000, this single-tenant building sits on a substantial 9.63-acre lot and boasts a generous parking ratio of approximately 5.0 spaces per 1,000 square feet. The property features a large commercial kitchen and an extensive dining area with lake views and an outdoor patio, perfect for employee amenities. The interior includes several large conference rooms, a mix of open office areas, and training rooms, providing flexibility for various business needs. The building is zoned AG, City of Tempe, and is situated on a ground lease extending until December 2101. This prime location offers immediate access to Loop 101, placing it strategically between downtown Tempe and the Price Corridor. The asking price is $13,850,000, translating to $104.87 per square foot. The property's location within the "Silicon Desert," known for its highly educated and youthful population, and its proximity to high-profile companies like Amazon, Walgreens, and GoDaddy, makes this an unparalleled investment opportunity. Occupancy is available July 22, 2024.

Highlights

  • $13,850,000 asking price for a 132,070 square foot office building.
  • 100% available for owner/user occupancy; available July 22, 2024.
  • Features a large commercial kitchen, extensive dining area with lake views, and outdoor patio.
  • Includes several large conference rooms, open office areas, and training rooms.
  • Abundant parking (5.0 spaces per 1,000 sq ft).
  • Prestigious location in Arizona State University's Research Park, near companies like Amazon, Walgreens, and GoDaddy.

Property Details for 8700 Price Rd

Property type
Office properties
Square Feet
132,070 SF
Year Built
2000
Buildings
1
Stories
2
Lot Size (sq. ft)
419,483 SF

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.3658803
Longitude
-111.8943692

FAQs

What type of property is this?
Office property - 132,070 SF Owner-User Opportunity
Where is the office property located?
The property is located at 8700 Price Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $13,850,000.
What are key features of this property?
This property features: $13,850,000 asking price for a 132,070 square foot office building.; 100% available for owner/user occupancy; available July 22, 2024.; Features a large commercial kitchen, extensive dining area with lake views, and outdoor patio.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8700 Price Rd
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