New Build Trophy Office
For Sale
Contact for pricing
1331 E Rio Salado Pkwy, Tempe, AZ
New office building in Tempe's Novus Innovation Corridor.
Property Size147,495 SF
Lot Size26.08 Acres
Days on Market590
Property Features for 1331 E Rio Salado Pkwy
General Information
Standard status
Active
Size
147,495 SF
Lot size
26.08 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Phoenix
(602) 418-8821
Listed By:
Brian Ackerman · License #SA532174000
(602) 418-8821
Source:
Moodyscre
Added: Jan 8, 2025
Changed: Aug 14
Last Checked: Aug 21 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Phoenix
Investment Insights
Based on property information with market context.
This is a new build office asset completed in September 2023, located in the North Tempe submarket. The property features three stories with flexible floorplates suitable for various tenant sizes. It is situated in a rare opportunity zone among Tempe Town Lake properties and includes significant acreage with frontage on Rio Salado Parkway. The property is located inside the Novus Innovation Corridor, a 355-acre mixed-use development that combines office, residential, retail, and hospitality options adjacent to ASU. It is across the street from South Pier, where Phase 1 construction is underway for 724 apartment units and 26,000 square feet of retail. Subsequent phases of South Pier include plans for more than 2,500 residential units, two luxury hotels, a two-acre public park, and a multi-acre entertainment district. The property offers 147,495 square feet of space.
Key Highlights
- Below replacement cost for a new (September 2023) trophy asset
- Located in a rare opportunity zone near Tempe Town Lake
- Significant acreage with frontage on Rio Salado Parkway
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - New office building in Tempe's Novus Innovation Corridor.
Where is this office building located?
The property is located at 1331 E Rio Salado Pkwy Tempe, AZ.
What are key features of this property?
This property features: Below replacement cost for a new (September 2023) trophy asset; Located in a rare opportunity zone near Tempe Town Lake; Significant acreage with frontage on Rio Salado Parkway
