1520 Priest DrTempe, AZ 85283

Property Details for 1520 Priest Dr

Year built

1999

Construction

CONCRETE

Lot size

12.62 AC

Property size (Sq ft)

277,329 SF

Zone code

GID

Property type

Office properties

Property subtype

Office buildings

APN

124-19-018A

APU

12419018A

Description

This exceptional industrial property, located in Tempe's Southwest submarket at 1520 W Mineral Road & 6900 S Priest Dr, offers a prime opportunity for businesses seeking warehouse or distribution space. The property, part of the Mineral Road Business Park, is situated in Maricopa County, Arizona, zip code 85283. The building, constructed in 1982, boasts a total of 22,277 square feet, divided into three suites. Currently, a single suite of 2,160 square feet is available for lease. This space features impressive ceiling heights ranging from 16 to 20 feet, providing ample vertical storage capacity. The property is zoned I-1 and I-2, allowing for a variety of industrial uses. The location offers excellent access to major transportation routes, making it ideal for efficient logistics and distribution operations. This is a multi-tenant building, providing a collaborative and dynamic work environment. Don't miss this chance to secure your business's future in this thriving Tempe location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $43,154,256

  6.5%

  $39,834,696

  7%

  $36,989,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,750,264

  Geo Method

  $42,750,264

• Alternative Use

  Use

  Valuation

  Residential

  $49,395,024

  Hospitality

  $45,245,576

  Educational

  $37,643,788

  Medical

  $38,938,416

  Retail

  $58,557,004

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4446

Longitude

-111.956

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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