420 S Smith Rd - Office FOR SALE


Tempe, AZ 85281- Apache
$4,471,000 USD
480-659-1777
420 S Smith Rd, Tempe, AZ for Sale
$4,471,000 USD
Office - FOR SALE
1/14
null | 7.05% Cap Rate

420 S Smith Rd
Tempe, AZ 85281
Apache


OVERVIEW

Freestanding Office/Flex Investment Opportunity On-site Warehouse with roll-up garage door Outdoor patio and seating area 100% leased to Pavion, an established national tenant Landlord friendly NNN Lease Structure Long term lease with term remaining through August 28, 2029 Steady 3% annual increases throughout the Lease Term Large 1.13 acre lot with a secured yard and 4/1,000 SF Parking Ratio, including covered parking Ideal Tempe location with close proximity to Arizona State University, Downtown Tempe, Tempe Town Lake, & Phoenix Sky Harbor Easy Access to Loop 101, Loop 202, SR-143, US-60, and I-10

FOR SALE DETAILS

PRICE

$4,471,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

GID

APN/PARCEL ID

132-38-008S

ASK ABOUT THIS PROPERTY

Grafton MilneMenlo Group Commercial Real EstateMore Info
480-659-1777

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Grafton MilneMenlo Group Commercial Real EstateMore Info
480-659-1777

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