8700 S Price Rd_Property for Sale
8700 S Price Rd_Property for Sale
8700 S Price Rd, Tempe, AZ, 85284-2608, US

8700 S Price Rd

Asset description

Jones Lang LaSalle, Inc., as exclusive advisor, is pleased to

present the opportunity to acquire the leasehold interest in

8700 South Price Road (the “Property”), a 132,070 square

foot, institutional quality, office building.

Positioned in the ASU Research Park, the Property is located

within one of the most accessible locations across Metro

Phoenix with immediate access to the Loop 101 freeway,

via Price Road to the west, and it is within close proximity to

ASU’s main Tempe Campus.

With tremendous access to the entire Valley via the Loop 101

freeway, robust corporate tenant mix in the surrounding area,

and freeway visibility and signage, the Property presents a

unique investment opportunity. 8700 South Price is offered

at a significant discount to replacement costs, with significant

upside through lease-up, and drastically increasing cash

flows, in one of the fastest growing MSAs in the nation.

...

Attributes

Building area gross
132,070 sf
Year built
2000
Land area gross
10 acres

Media

Investment highlights

  • Unparalleled central location with direct access and visibility to Loop 101
  • Long term ground lease, in lieu of property taxes with 78 years remaining
  • Located in the ASU research park
  • Class A office amenities
  • Property tax benefits
  • Located near multiple Fortune 500 companies and Blue-Chip credit tenants
  • Strong Phoenix economic fundamentals

Contact brokers

8700 S Price Rd (0 Properties)

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Last updated
Apr 25, 2024