60 Rio Salado PkwyTempe, AZ 85281

Property Details for 60 Rio Salado Pkwy

Year built

2005

Construction

CONCRETE

Lot size

1.80 AC

Property size (Sq ft)

313,374 SF

Zone code

MU-4

Property type

Office buildings

APN

132-20-182

APU

13220182

Description

This exceptional Class A office space, located at 60 East Rio Salado Parkway, Suite 900, Tempe, AZ 85281, offers a unique blend of executive office, coworking, and creative office solutions within the prestigious Hayden Ferry Lakeside Center. The building boasts a total of 25,577 square feet, encompassing 350 individual suites, with a current vacancy of 5,970 square feet. Spaces are available from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building underwent renovations in 2019, ensuring modern amenities and a contemporary aesthetic. Enjoy the convenience of elevators and a prime location in Maricopa County, Arizona. The building's waterfront location on Hayden Ferry Lake provides stunning views, inspiring a productive and creative work environment. Large windows throughout the building maximize natural light. The Tempe Center for the Arts is conveniently located nearby, offering cultural amenities for employees and clients. This property presents a rare opportunity to establish your business in a vibrant, upscale setting with flexible lease terms to accommodate various business needs. The building's multiple tenancy structure allows for a diverse and dynamic community of professionals.

• CAP approach

  CAP return

  Valuation

  6%

  $64,014,588

  6.5%

  $59,090,388

  7%

  $54,869,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,306,604

  Geo Method

  $48,306,604

• Alternative Use

  Use

  Valuation

  Residential

  $73,272,080

  Hospitality

  $67,116,832

  Educational

  $55,840,416

  Medical

  $57,760,856

  Retail

  $86,862,872

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4312

Longitude

-111.939

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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