This exceptional two-story, 16,528-square-foot office building, constructed in 1968 and extensively renovated in 2020, presents a unique investment opportunity in the highly desirable Tempe submarket. Located at 2121 on Mill, with prominent Mill Avenue frontage, this Class B property boasts a classic mid-century modern design by renowned architect Thomas Montgomery. The building features 18 suites ranging from 550 to 1,452 square feet, many with private bathrooms, catering to a variety of business needs. Currently, 4,528 square feet are available for lease across multiple suites. The property offers a mix of small and moderate-sized spaces, perfect for professional services or creative businesses. Amenities include a gated courtyard with new landscaping, upgraded air conditioning, new common area flooring, new signage, ample surface and covered parking (86 spaces total, a 5.2/1000 ratio), and a single elevator. The building also benefits from a video camera system with real-time monitoring. Its strategic location near Arizona State University and downtown Tempe provides easy access to a vibrant 24/7 live-work-play environment. Convenient freeway access to Highways 60, 10, and 101, and proximity to Sky Harbor International Airport (a 5-minute drive via SR-143), further enhance its appeal. The property sits on a 38,921-square-foot lot and is zoned R4 Tempe (Maricopa County, APN 133-23-020F). Annual property taxes are $1 per square foot. The maximum contiguous space available is 2,590 square feet.
Highlights
16,528 SF Class B office building in Tempe, AZ, with 4,528 SF of vacant space.
Multi-tenant property featuring 18 suites ranging from 550 SF to 1,452 SF, ideal for executive or creative office users.
Located on Mill Avenue with prominent frontage, offering high visibility and convenient access to ASU, Downtown Tempe, and major freeways.
Recently renovated (2020) with upgrades including landscaping, signage, common area flooring, AC, and a gated courtyard.
Building amenities include one elevator, 86 parking spaces (5.2/1000 SF ratio), and a video security system.
Property Details
for 2121 Mill Ave
Property type
Office properties, Office space
RSF (Rentable sq. ft)
16,528 SF
Class
B
Year Built/Renovated
1968/2020
Stories
2
Unit(s) available at that property
Space
216
Size
850 SF
Rate per SF
$18
Space
204
Size
1,357 SF
Rate per SF
$19
Location Insight
City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4056163
Longitude
-111.9394405
Nearby Similar for Lease
For Lease
$30/SF/YR
Tempe Office Space: ASU Research Park
Prime Tempe office space, multiple suites available.
Office property - Mid-century modern office suites, Tempe location
Where is the office property located?
The property is located at 2121 Mill Ave Tempe, AZ.
What is the lease rate?
The lease rate is $18-$19 /SF/YR.
What are key features of this property?
This property features: 16,528 SF Class B office building in Tempe, AZ, with 4,528 SF of vacant space.; Multi-tenant property featuring 18 suites ranging from 550 SF to 1,452 SF, ideal for executive or creative office users.; Located on Mill Avenue with prominent frontage, offering high visibility and convenient access to ASU, Downtown Tempe, and major freeways.
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Mill Ave Tempe, AZ 85282
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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2121 Mill Ave
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