Arbor Tempe_Property for Sale
Arbor Tempe_Property for Sale

Arbor Tempe

51 W 3rd St, Tempe, AZ, 85281-2831, US

Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Arbor Tempe (the “Property”), a five-building mixed-use office campus located on the southwest corner of Mill Avenue and Third Street in the heart of Downtown Tempe, Arizona. Conveniently positioned adjacent to the Mill Ave light rail stop, Arbor Tempe provides exceptional transit connectivity for tenants and visitors alike. Totaling 118,949 square feet, the buildings recently underwent a transformative $28.8 million capital improvement program, delivering a harmonious indoor & outdoor workplace environment with health-conscious design, positioning them as the premier choice for tenants in search of a healthy work life balance, streamlined workspaces, and a best-in-class amenity package.


Currently 96.1% leased with 4.0 years of weighted average lease term remaining, Arbor Tempe is an irreplaceable offering that provides investors the opportunity to acquire a trophy mixed-use campus in one of the nation’s top performing submarkets, poised for immediate rental growth and long-term value appreciation.

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Attributes

Building area net
11,051 m²
Occupancy
96.1%
WALT
4 years

Media

Investment Highlights

  1. A best-in-class, nature inspired, mixed-use community with upside, located in the heart of Downtown Tempe
  2. Adjacent to Arizona State University's main Tempe campus
  3. Purposefully re-envisioned with over $28.8M in thoughtful capital investments
  4. 96.1% leased with in-place rents 21% below market
  5. Since November 2024, the Property has executed $60/SF+ leases on 37% of the total square footage
  6. Opportunity to acquire a trophy mixed-use campus in one of the nation’s top performing submarkets, poised for immediate rental growth and long-term value appreciation
  7. A George Oliver Property
Arbor Tempe 4_Property for Sale
Arbor Tempe 4_Property for Sale

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Arbor Tempe (0 Properties)

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Last updated
18 Mar 2026