2121 S Mill Ave - Loft/Creative Space FOR SALE


Tempe, AZ 85282- Alameda
$3,400,000 USD
480-264-0668
2121 S Mill Ave, Tempe, AZ for Sale
$3,400,000 USD
Loft/Creative Space - FOR SALE
1/26
null | Request Cap Rate

2121 S Mill Ave
Tempe, AZ 85282
Alameda


HIGHLIGHTS

  • Excellent Mill Ave Frontage w/ Close proximity to ASU and Downtown Tempe’s 24/7 Live/Work/Play environment
  • Generous parking at 5.2/1,000 (2.42/1,000 covered-40 spaces +2.78/1,000 uncovered-46 spaces)
  • Monitored video security cameras
  • Elevator access to 2nd floor
  • Monument signage

OVERVIEW

Civic is pleased to announce the opportunity to acquire 2121onMill allowing an investor to take advantage of the existing cash flow at 92% occupancy and recent improvements made to the office; while having the option to convert the property into residential apartments in the future. A preliminary apartment conversation design layout is available for consideration. Recent Improvements include: • New 60-ton Chiller in 2024 • New Exterior paint in 2020 • New landscaping & courtyard in 2021 • Concrete floors refinished in 2020 • New acoustic ceiling system in 2022 • Parking lot overlay • New Signage in 2020

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2121 on Mill

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

R-3/R-4,

APN/PARCEL ID

133-23-020F

ASK ABOUT THIS PROPERTY

Tom KufflerCivic Asset ManagementMore Info
480-264-0668

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Tom KufflerCivic Asset ManagementMore Info
480-264-0668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.