Tempe Crossing II - Executive Suites 9885 S Priest Dr 5,800 SF 53% Leased Office Building Tempe, AZ 85284 $2,095,000 ($361.21/SF) 2.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently constructed in 2024 with a contemporary design.
- Ample parking for employees and clients.
- Situated within close proximity to major transportation routes.
- Prime location in the heart of Tempe.
- High visibility with prominent street frontage.
- Surrounded by a thriving business community and serves as an excellent investment opportunity in growing market.
EXECUTIVE SUMMARY
Located just east of the I-10 Freeway on Priest, this 5,800 SF multi-tenant office building offers a 2,700 SF move-in ready suite with in-place NOI of $45,276.01 to help build equity. The park offers ample parking, high visibility, and close proximity to major transportation routes. Surrounded by other businesses, retailers, and restaurants, this property represents an excellent opportunity for owner/users and investors seeking an investment in the dynamic Tempe market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,800 SF
Building Class
A
Year Built/Renovated
2004/2018
Price
$2,095,000
Price Per SF
$361.21
Cap Rate
2.16%
NOI
$45,276
Percent Leased
53%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,800 SF
Building FAR
0.23
Lot Size
0.59 AC
Zoning
PCC-1, City of Tempe - PCC-2, City of Tempe - Commercial and Mixed Use
Parking
29 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Office space for lease at Tempe Crossings
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 2,740 SF | Office | - | Now |
1st Fl-Ste 101
| Size |
| 2,740 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 6
PROPERTY TAXES
| Parcel Number | 308-16-051 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $140,761 |
