950 Elliot RdTempe, AZ 85284

Property Details for 950 Elliot Rd

Year built

1999

Construction

STEEL FRAME

Lot size

1.78 AC

Property size (Sq ft)

42,626 SF

Zone code

GID

Property type

Office buildings

APN

301-90-005F

APU

30190005F

Description

Acacia Court offers 105,281 square feet of Class B office space in two, two-story buildings, situated on 950-960 W Elliot Rd, Tempe, AZ 85284. This multi-tenant complex boasts high-end finishes and an attractive central courtyard. The property features 6 available spaces ranging from 1,613 to 8,199 square feet, ideal for businesses seeking executive or creative office environments. Located in the desirable South Tempe/Ahwatukee submarket, Acacia Court benefits from exceptional access to major transportation arteries. Elliot Road, a primary east-west thoroughfare, provides convenient commutes throughout Tempe, Mesa, Gilbert, and Chandler. Furthermore, the property enjoys proximity to Interstate 10, US 60 Superstition Freeway, and Loop 101 Freeway, ensuring easy access to all of metropolitan Phoenix and Phoenix Sky Harbor International Airport. The property offers a generous 4.1/1,000 parking ratio, ensuring ample parking for tenants and their guests. Built in 2000, this Maricopa County property presents a compelling opportunity for businesses seeking a well-located, high-quality office space.

• CAP approach

  CAP return

  Valuation

  6%

  $6,632,892

  6.5%

  $6,122,670

  7%

  $5,685,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,570,798

  Geo Method

  $6,570,798

• Alternative Use

  Use

  Valuation

  Residential

  $7,592,110

  Hospitality

  $6,954,332

  Educational

  $5,785,923

  Medical

  $5,984,910

  Retail

  $9,000,324

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3497

Longitude

-111.954

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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