1850 Rio Salado PkwyTempe, AZ 85281

Property Details for 1850 Rio Salado Pkwy

Year built

2007

Construction

CONCRETE

Lot size

10.50 AC

Property size (Sq ft)

143,785 SF

Zone code

RCC

Property type

Outlet malls

APN

132-35-964

APU

13235964

Description

This exceptional Class A office space, located at 1850 W Rio Salado Pkwy in Tempe, Arizona, 85281, offers 37,398 square feet currently available for lease. Built in 2014, the property boasts a LEED Gold Standard certification, reflecting its commitment to sustainability. The building features prominent building signage for excellent visibility and impressive 10-foot windows throughout, maximizing natural light and creating a bright, modern workspace. Tenants will enjoy convenient access with excellent ingress and egress, along with covered parking spaces. Its prime location offers unparalleled convenience, situated adjacent to the Tempe Center for the Arts. High-speed internet access is readily available, with Cox and CenturyLink services directly on Rio Salado Parkway and additional providers accessible on Priest Drive. Furthermore, the Salt River/Rio Salado Multi-Use Path runs along the north edge of the property, promoting a healthy and sustainable work environment. This multi-tenant building offers a variety of office configurations suitable for traditional, creative, and executive office needs. The property is a truly exceptional opportunity for businesses seeking a prestigious and functional office space in a vibrant Tempe location.

• CAP approach

  CAP return

  Valuation

  6%

  $61,646,572

  6.5%

  $56,904,528

  7%

  $52,839,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $74,850,880

  Geo Method

  $74,850,880

• Alternative Use

  Use

  Valuation

  Residential

  $48,001,096

  Hospitality

  $43,968,748

  Educational

  $36,581,480

  Medical

  $37,839,576

  Retail

  $56,904,528

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4305

Longitude

-111.906

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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