Campus Lofts Apartments

1116 E Lemon St Tempe, AZ

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$1,750,000
Last Verified:
Feb 01, 2017


Campus Lofts is located in heart of Tempe only one block from Arizona State University directly on the METRO Light Rail. ASU is one of the largest universities in the nation, with an enrollment of over 70,000 students and their extreme growth has created a large demand for student housing in the area. Campus Lofts is situated next to many redevelopment sites and is a prime target for future redevelopment due to its proximity to campus and the Light Rail.
Excellent Tempe Location Adjacent to Arizona State University
High Demand Rental Market with Increasing Student Housing Demands
Close to Downtown Tempe Mill Avenue District
Easy Access to US-60, SR-202, SR-101 and the Metro Light Rail
Block Construction with Pitched Roofs
Currently On a Master Lease with Annual Rent Increases Through June 1, 2019
Year Built: 1962
Building Size: 9745.0sq ft
Lot Size: 0.68 acres

Map of 1116 E Lemon St, Tempe, AZ, 85281

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Cell: (602) 284-6067
Office: (480) 425-5522


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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.