Property Address
550 West Elliot Road, Tempe, AZ, USA
Offering Summary
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Price: $3,859,000
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Lot Size: 0.52 Acres
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Cap Rate: 7.63%
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Year Built: 1981
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Building SF: 7,750
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Status: Available
Submit Offer
- 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
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Chris Lind
Agent
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Mark Ruble
Agent
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Zack House
Agent