420-501 S Mill Ave._Property for Sale
420-501 S Mill Ave._Property for Sale
420-501 S Mill Avenue, Tempe, AZ, 85281, US

420-501 S Mill Ave.

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL), a licensed real estate broker, has been exclusively

retained to offer qualified investors the opportunity to acquire 420+501 South Mill. (the “Property”),

an urban high-street retail property consisting of 38,816 square feet of Gross Leasable Area

located in the heart of Tempe, AZ.

The Property consists of two buildings, located on the northwest and southeast corners of 5th

Street and Mill Ave., one of the busiest intersections in the Phoenix MSA. 420, 501 S Mill Ave. has

a historic appeal with unmatched, 24/7 foot traffic in the epicenter of Tempe.

420+501 South Mill offers investors the opportunity to acquire a generational collection of

trophy assets with stable cash flows and strong rent growth along the main thoroughfare in

Phoenix’s evolving and highly coveted submarket, Tempe.



Building area gross
3,606 m²
Year built


Investment Highlights

Arizona State University Proximity, Historic Architecture with Class A Finishes, Below Market Rents, Abundance of Parking, High Barriers to Entry

Contact brokers

420-501 S Mill Ave. (0 Properties)

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Last updated
11 Oct 2023