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    2149 E 5Th St Tempe, AZ 85281

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    For Sale
    $3,272,000

    Warehouse for sale with a new 10-year absolute NNN lease.

    Property size:
    7,750 SF
    Lot size:
    0.52 Acres

    Property Features for 2149 E 5Th St

    General Information

    Size
    7,750 SF
    Lot size
    0.52 Acres

    Source: Marcus & Millichap | Phoenix Agent Chris Lind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tempe Warehouse with NNN Lease

    This property features a brand new 10-year absolute triple-net (NNN) lease with 3% annual rental increases and multiple renewal options. The tenant has invested over $970,000 into the interior and HVAC system, in addition to over $400,000 of specialty equipment, creating a highly desirable buildout. The property is a warehouse with a size of 7,750 square feet. It is located adjacent to Arizona State University, which has nearly 55,000 students.
    Insight Report Location Intelligence

    Current Use by Public Records

    Reaction Research Research Institute

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Discount Storage, Happy Car Impound and Towing, Extra Space Storage, Ss Warehouse, Arizona Delivery Services

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8939851
    Latitude
    33.4252948

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    FAQs

    What type of property is this?
    Warehouse - Warehouse for sale with a new 10-year absolute NNN lease.
    Where is this warehouse located?
    The property is located at 2149 E 5Th St Tempe, AZ.
    What is the asking price?
    The asking price for this property is $3,272,000.
    What are key features of this property?
    This property features: - Brand new 10-year absolute triple-net (NNN) lease; - Tenant invested over $970,000 into interior and HVAC + $400,000 in specialty equipment; - Enjoy 3% annual rental increases with multiple renewal options
    (602) 370-9255
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    2149 E 5Th St Tempe, AZ 85281
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2149 E 5Th St Tempe, AZ 85281
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