Building Details

Year Built 2020

Listing Agency: c***@leearizona.com Show Phone

Listed By: Craig Coppola, CCIM, CRE, SIOR Show Phone

Source: Lee-associates

Added: Nov 26, 2025 Changed: Jul 6 Last Checked: Aug 5 at 4:13AM

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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 Craig Coppola, CCIM, CRE, SIOR

Investment Insights

Based on property information with market context.

Available for lease is an office space encompassing 170,000 square feet. The property is located in Tempe, Arizona.

Key Highlights

• 170,000 square foot office space available for lease
• Built in 2020
• Office space

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Building Supply Dental Office Electrical Service Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$6.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,502

Businesses Nearby

Explore this area Business Placement

Demographics for 85281, AZ

69,218

Population

32,475

Households

2.1

Avg Household Size

26

Median Age

49%

College-Educated

91%

High-School Grad

13.3 sq mi

ZIP Area

5,204

Density / Sq Mi

$59,084

Median Household Income

$32,805

Median Earnings

$1,531

Median Rent

$364,200

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$24.37 /SF/Yr

Avg Asking Price

$14.89–$45 /SF/Yr

Price Range

55,554 SF

Avg Space Size

This space is priced 85% above the average of $24.37 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - 170,000 square foot office space for lease.

Where is this office building located?

The property is located at 777 South Novus Place Tempe, AZ.

What is the lease rate?

The lease rate is $45 SF/Yr.

What are key features of this property?

This property features: 170,000 square foot office space available for lease; Built in 2020; Office space