For Sale
$4,750,000

1618 Priest DrTempe, AZ 85281

21,105 SF Flex Space, Tempe, AZ

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 21,105-square-foot flex space condominium in Tempe, Arizona's desirable Enclave on Priest development. Built in 2009, this Class B property boasts a prime location and is zoned GID (General Industrial District) by the City of Tempe. The space is ideally suited for owner-users seeking a blend of office and warehouse functionality. The building features approximately 14,773 square feet of attractive office space with 10-foot ceilings, complemented by approximately 6,332 square feet of fully climate-controlled warehouse space featuring a generous 16-foot clear height. Five grade-level dock-high doors provide efficient loading and unloading capabilities. Currently operating at 100% occupancy, the property offers a strong net-leased investment opportunity with a lease expiration date of June 1, 2025. The asking price is $4,750,000, translating to $225.07 per square foot. This property represents a rare chance to acquire a well-maintained, strategically located flex space in a thriving Tempe market. The property is offered as a leased fee interest.

Highlights

  • $4,750,000 asking price for this 21,105 SF flex industrial property.
  • Located in Tempe, Arizona, at 1618 S Priest Dr, 85281.
  • Class B building, built in 2009, with 100% occupancy.
  • Features 14,773 SF of office space (10' ceilings) and 6,332 SF of warehouse space (16' clear height, 5 dock-high doors, 100% HVAC).
  • Zoned GID (General Industrial District), City of Tempe.
  • Leased Fee Interest; Net Leased; Owner/User investment opportunity.

Property Details for 1618 Priest Dr

Property type
Industrial properties, Flex space
Square Feet
21,105 SF
Class
B
Year Built
2009

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4110481
Longitude
-111.9627689
1618 Priest Dr, Tempe, Arizona

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1618 Priest Dr
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