2121 S Mill Avenue - Rio Salado, Tempe, AZ

Rio Salado is a two-story suburban office building. It is located at milesouth of downtown Tempe. The property's central location to the valley freeway system makes it superior to many other properties.
This is an opportunity to reposition an asset in the market to creat additional value to the investor. Also this property has the ability to allow a user to occupy space and have other Tenants paying for the property while still obtaining a good rate of return.

The current owner has completed many capital improvements to the property. Since their purchase in 1999, changes made:

Chiller system replaced in 1999 (maintained monthly).
Cooler Tower replaced in 1999.
Elevator was rebuilt 2002, everything replaced except the shella nd the piston. Tyson Elevators- approx. $25,000.
New Electrical Panel added- approximately $32,000.
Building re-equipped with blowers to distributea air to all suites.
Natuaral Gas service added to suite 202, It may be made available to entire uilding. Southwest Gas is the provider.
Re-painted building, 2002.
New carpet in all suites with new tenants.
Panels for garage parking are approximately 2 years old.
Light ballasts replaced in all suites.
Power washed and Patched roof 2002. Foam roof is only seven years old.




This building has executive office suites available. It features a 5-day-a-week janitorial service, common conference room, full service lease rates, long and short term leases, suites sizes ranging from 90-3500SF and available covered, reserved parking. The property is located near ASU, downtown shopping, and restaurants.