1618 Priest DrTempe, AZ 85281
- Industrial properties
- 25,564 SF
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
- Industrial properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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