9885 Priest DrTempe, AZ 85284

Property Details for 9885 Priest Dr

Year built

2003

Construction

STEEL FRAME

Lot size

0.59 AC

Property size (Sq ft)

5,928 SF

Zone code

PCC-2

Property type

Office buildings

APN

308-16-051

APU

30816051

Description

This exceptional single-story office building, constructed in 2004, offers 5,800 square feet of versatile space in the desirable South Tempe Ahwatukee submarket. Currently, 2,740 square feet of office space is immediately available for lease, perfect for a variety of business needs. The building is zoned PCC-2 by the City of Tempe and situated at 9885 S Priest Dr, Tempe, AZ 85284. The property boasts a convenient 5 parking spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Its location provides easy access to the Loop 101 freeway and Phoenix Sky Harbor International Airport, offering unparalleled connectivity. The surrounding area is vibrant, with the Mill Avenue District's diverse dining, entertainment, and retail options just minutes away. This location benefits from the strong economic growth and thriving business community of Tempe, further enhanced by its proximity to Arizona State University. This presents a unique opportunity for businesses seeking a well-located, modern office space in a dynamic and convenient setting. The property is ideal for businesses seeking a blend of accessibility, amenities, and a thriving community. This is a multiple tenancy building within Maricopa County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,045,430

  6.5%

  $965,011

  7%

  $896,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $913,801

  Geo Method

  $913,801

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,032,640

  Retail / Commercial

  $1,016,340

  Mixed-Use / Specialty

  $992,237

  Hospitality / Lodging

  $701,308

  Institutional / Educational

  $1,024,210

  Residential Income

  $1,198,320

  Multifamily

  $1,550,740

  Automotive / Energy

  $877,891

  Parking / Income-Based Land

  $323,184

  Restaurant / Food Service

  $472,362

  Healthcare / Senior Housing

  $1,038,520

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3212

Longitude

-111.961

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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