Positioned in the heart of Tempe’s dynamic North Tempe submarket, 1337 E Rio Salado Parkway presents a rare opportunity to acquire a newly constructed, trophy office asset within one of Arizona’s most vibrant mixed-use corridors. Completed in September 2023, this three-story building spans ±147,495 square feet and sits on a generous ±7.75-acre parcel with prominent frontage along Rio Salado Parkway. The property is located within the Novus Innovation Corridor, a 355-acre master-planned development adjacent to Arizona State University, blending office, residential, retail, and hospitality into a thriving urban hub.
The building’s flexible floorplates are designed to accommodate a wide range of tenant sizes, making it ideal for both single-tenant headquarters or multi-tenant configurations. With zoning under MU-ED and designation within a federal Opportunity Zone, investors can benefit from significant tax advantages. The site also includes a planned four-level parking garage and surface parking, offering an exceptional 6.64:1,000 parking ratio.
Surrounding amenities include Tempe Marketplace, Mill Avenue Entertainment District, and Sloan Park, all within minutes. The property is also just 10 minutes from Phoenix Sky Harbor International Airport and Downtown Phoenix, with seamless access to Loops 101 and 202. Major employers in the area include ASU, State Farm, JP Morgan, and Waste Management, contributing to a daytime population exceeding 6,400 per square mile.
This is a rare chance to secure a premium office asset in a high-growth, innovation-driven district with long-term upside and immediate locational advantages.