2075 Cottonwood DrTempe, AZ 85282

Property Details for 2075 Cottonwood Dr

Year built

2001

Construction

CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

5,687 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

134-40-219

APU

13440219

Description

This exceptional 6,395 square foot, single-story office building presents a unique investment opportunity in Tempe, Arizona. Located at 2075 S Cottonwood Dr, this Class B property boasts a convenient location near the Broadway Road exit of the Loop 101 Price Freeway Full Diamond Interchange, placing it within approximately two miles of both the Loop 202 Red Mountain Freeway and US 60 Superstition Freeway. The building, constructed in 2001, is part of the 101 & Broadway Corporate Center, a collection of four nearly identical professional office buildings. The property features a single tenancy, with the entire 6,395 square feet currently vacant and immediately available. The building is zoned R/O and offers high-quality improvements. Its strategic location provides easy access to a variety of restaurants and retail amenities, and is situated only four miles from St. Luke's Hospital. This freestanding building offers a rare chance to acquire a well-maintained, conveniently located office space in a thriving Tempe business district. The absence of elevators should be noted.

• CAP approach

  CAP return

  Valuation

  6%

  $1,666,433

  6.5%

  $1,538,246

  7%

  $1,428,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,180,605

  Geo Method

  $1,180,605

• Alternative Use

  Use

  Valuation

  Residential

  $1,907,425

  Hospitality

  $1,747,191

  Educational

  $1,453,643

  Medical

  $1,503,636

  Retail

  $2,261,222

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4067

Longitude

-111.889

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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