8950 52Nd StTempe, AZ 85284

Property Details for 8950 52Nd St

Year built

2000

Construction

STEEL FRAME

Lot size

4.56 AC

Property size (Sq ft)

81,179 SF

Zone code

GID

Property type

Office buildings

APN

301-59-852

APU

30159852

Description

This Class A medical office building, One Agave, offers 77,432 square feet of prime space in Maricopa County. Three suites are currently available, ranging from 2,830 to 4,356 contiguous square feet, with a total of 11,048 square feet currently vacant. The building boasts impressive features including monument signage, enhanced landscaping, energy-efficient construction with dual-pane high-performance glass, and fiber optic availability. The interior features a two-story vaulted lobby with upscale finishes like granite floors and wood detailing, a central column alignment for flexible layouts, and finished restrooms and floor lobbies. An energy management system regulates HVAC, and a card access system ensures building security. Enjoy spectacular views of South Mountain, convenient access to Sky Harbor International Airport (15 minutes) and Downtown Phoenix (20 minutes), and easy access to major roadways including I-10 via Warner Road. The location offers proximity to diverse housing options and over 3 million square feet of retail amenities within a 5-minute drive, as well as the Phoenix South Mountain Preserve with extensive hiking and biking trails. The building provides 6 parking spaces per 1,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $12,631,998

  6.5%

  $11,660,306

  7%

  $10,827,427

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,513,743

  Geo Method

  $12,513,743

• Alternative Use

  Use

  Valuation

  Residential

  $14,458,779

  Hospitality

  $13,244,164

  Educational

  $11,018,989

  Medical

  $11,397,949

  Retail

  $17,140,650

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3324

Longitude

-111.971

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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