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Building B 1155 W Rio Salado Pky

33,094 SF 100% Leased Office Building Tempe, AZ 85281 $9,800,000 ($296/SF)

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Executive Summary

• 63% leased, two-story multi-tenant office building.
• ±29,594 SF available to accommodate an owner/user.
• Located in prestigious downtown Tempe, known for having the highest concentration of major corporate employers in the Valley, in addition to a high concentration of some of the largest companies in the country, including Amazon, Microsoft and State Farm.
• Frontage along Rio Salado Parkway, a main northern arterial housing over 5.4 million SF of class A office space, that serves as an entrance feeding into Downtown Tempe and its Mill Avenue Entertainment District, and Arizona State University.
• Timeless and relatively new 2005 construction.
• Balconies in the north facing upper floors boast expansive views of Tempe Town Lake.
• One-mile access to the Loop 202, providing fast access to the entire metropolitan freeway system and the rest of metro Phoenix.
• $9,800,000

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

33,094 SF

Building Class

Year Built

2006

Price

$9,800,000

Price Per SF

$296

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

16,547 SF

Building FAR

0.37

Lot Size

2.07 AC

Opportunity Zone

Yes

Zoning

I-1 - Light Industrial

Parking

150 Spaces (4.53 Spaces per 1,000 SF Leased)

Amenities

Courtyard

Reception

Monument Signage

Space Availability

2nd Fl-Ste 201
5,000-17,580 SF
Office
Full Build-Out
60 Days

1155 W Rio Salado Pky, Tempe, AZ for sale Floor Plan- Image 1 of 1 — Floor Plan

PROPERTY HIGHLIGHTS • 37,643 SF Building • Minutes from Loop 202, SR-143 & I-10 freeways • Less than 5 minutes to Sky Harbor International Airport • 4.0/1,000 Parking • Well-maintained grounds and courtyards • Monument signage available • Overlooks scenic Tempe Town Lake • Near Mill Ave, ASU, Downtown Tempe • Covered Parking available

Space	Size	Space Use	Condition	Available
2nd Fl-Ste 201	5,000-17,580 SF	Office	Full Build-Out	60 Days

Size

5,000-17,580 SF

Space Use

Office

Condition

Full Build-Out

Available

60 Days

1 of 1

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Bike Score®

Biker's Paradise (93)

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PROPERTY TAXES

Parcel Numbers	Multiple 124-25-036 124-25-032 124-25-033 124-25-035 124-25-031 124-25-034	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$306,606