432 S Farmer Ave - Loft/Creative Space FOR SALE


Tempe, AZ 85281- Downtown Tempe
$4,900,000 USD
602-339-3131
432 S Farmer Ave, Tempe, AZ for Sale
$4,900,000 USD
Loft/Creative Space - FOR SALE
1/14
null | Request Cap Rate

432 S Farmer Ave
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • Located within downtown Tempe and two blocks from Mill Avenue, a 24/7 live-work-play entertainment district
  • Ample restaurants available within walking distance from the property
  • Transit-oriented location with ±2- mile access to Loop 202 and the Metro Light Rail’s Mill Ave/3rd Street stop
  • Creative style interior build-out featuring exposed ceilings, accent lighting, concrete floors, glass lines, and modern steel and wood finishes
  • Frontage and excellent curb appeal on Farmer Avenue

OVERVIEW

• High-quality, two-story, ±10,548 SF podium-style office building. • 100% available for an owner/user. • Modern Bauhaus architecture characterized by an asymmetric rectangular building envelope, a flat roof, smooth concrete façade, and steel accents creates an excellent curb appeal for image conscious buyers. • Generous ±4.0/1,000 SF on-site parking ratio provided by podium parking underneath the building and the surrounding multifamily developments.• Ample restaurants available within walking distance from the property, including local favorite, Culinary Dropout—a concept restaurant serving classic American dishes with a twist. • Located within downtown Tempe and two blocks from Mill Avenue, a 24/7 live-work-play entertainment district full of locally owned bars, microbreweries, clubs, and restaurants. This explosive area is also home to an abundance of residential towers and high-profile office developments. • Irreplaceable location in the heart of ‘The Silicon Desert’ which is known for having the highest concentration of major corporations of any submarket, a spectacular labor pool, and great housing. • The Tempe Streetcar, which connects north and south downtown Tempe, has a stop at 5th St/Ash Ave—only a few steps from the property. • Transit-oriented location with ±2-mile access to Loop 202 and the Metro Light Rail’s Mill Ave/3rd Street stop, making the entire valley easily available within a short commute. • The Beam on Farmer, a high-profile office development, is located across the street from the property.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$465 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

MU-4

APN/PARCEL ID

124-33-447

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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