1618 Priest DrTempe, AZ 85281

Property Details for 1618 Priest Dr

Year built

2009

Construction

CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

25,564 SF

Zone code

GID

Property type

Flex space

APN

124-58-175

APU

12458175

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,553,200

  Hospitality

  $4,170,707

  Educational

  $3,469,979

  Medical

  $3,589,317

  Retail

  $5,397,746

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4113

Longitude

-111.963

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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