Tempe Freestanding Office Building For Sale

7665 S Research Dr Tempe, AZ 85284

FOR SALE
Property Type:
Single Tenant Office
Amount:
$2,750,000
Last Verified:
Sep 22, 2022

Highlights

  • Freestanding Office Building
  • Approximately 10,002 SF
  • Sits on Large 1.69 Acre Lot
  • For Sale: $2,750,000.00 ($275 PSF)
  • Located within Arizona State University Research Park
  • Ground lease in place with Price-Elliot Research Park Inc.
  • SWC Elliot Rd & Loop 101, Tempe
  • Central Southeast Valley Location
  • Easy Access to Loop 101, US 60, and Loop 202 SanTan Freeway

Description

This property is an approximately 10,002 SF Freestanding Building located in Arizona State University Research Park in Tempe, Arizona. The building is currently used as a professional office and the build-out includes a large open area with workstations, private offices, restrooms, a work area, reception area, and multiple conference/meeting rooms. The property was built in 2000 and sits on a large 1.69 acre lot with plentiful parking and an outdoor area. There is a ground lease in place with Price-Elliot Research Park, Inc. through December 31, 2101 at no cost to owner. The site is centrally located in the southeast valley and is adjacent to the Loop 101 and close proximity to both the US 60 and Loop 202 SanTan Freeway which makes for quick and easy access to the rest of the valley, including downtown Phoenix and Sky Harbor Airport. The property offers retail and business amenities as well as frontage along busy Elliot Rd, which sees a traffic count of over 30,000 vehicles per day.

This approximately 10,002 SF freestanding office building is located in the Tempe/Ahwatukee submarket of Phoenix, Arizona and is on Elliot Rd just east of the Loop 101. Located within the Arizona State University Research Park, this property is in close proximity to many business and retail amenities and is just off the Loop 101.


Year Built: 2000
Building Size: 10000sq ft
Building Class: B
Lot Size: 1.69 acres


Documents

7665 S Research Drive Offering Memorandum

Map of 7665 S Research Dr, Tempe, AZ, 85284

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.