Tempe, AZ 85284

Abstrakt

Property Address

550 West Elliot Road, Tempe, AZ, USA

Offering Summary

  • Price: $3,859,000
  • Lot Size: 0.52 Acres
  • Cap Rate: 7.63%
  • Year Built: 1981
  • Building SF: 7,750
  • Status: Available
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  • Brand New 10-Year Absolute Triple-Net (NNN) Lease
  • Three Percent Annual Rental Increases with Multiple Renewal Options
  • Tenant Invested Over $970,000 into the Interior and HVAC System in Addition to Over $400,000 of Specialty Equipment - Highly Desirable Buildout
  • Dense Tempe Trade Area with 368,375 Residents within a Five-Mile Radius
  • Adjacent to Arizona State University (Nearly 55,000 Students), Facilitating Access to a Skilled Workforce and Research Collaboration Opportunities
  • Situated within the Smith Innovation Hub - 302 Acres with Mostly Light Industrial and Office Uses

Broker Information