Listing Agency: CBRE | Phoenix j***@cbre.com Show Phone

Listed By: Joe Pequeno · License #SA625844000 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 22 at 12:53PM

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Investment Insights

Based on property information with market context.

These multi-tenant office buildings are located in the heart of Tempe, an area with over 1 million square feet of retail and restaurants. The property offers convenient access to Loops 101, 202, and US 60.

Key Highlights

• Located in the heart of Tempe.
• Easy access from Loops 101, 202 and US 60.
• Over 1M SF of retail and restaurants nearby.

Property Analytics

Property Profile

Current Use

Office buildings

Lease Details

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,168

Businesses Nearby

Explore this area Business Placement

Demographics for 85282, AZ

52,351

Population

25,667

Households

2

Avg Household Size

33

Median Age

44%

College-Educated

94%

High-School Grad

11.1 sq mi

ZIP Area

4,716

Density / Sq Mi

$79,084

Median Household Income

$43,863

Median Earnings

$1,627

Median Rent

$370,000

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$19.67 /SF/Yr

Avg Asking Price

$1.17–$45 /SF/Yr

Price Range

52,191 SF

Avg Space Size

This space is priced 2% above the average of $19.67 /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 - Multi-tenant office buildings in the heart of Tempe.

Where is this office building located?

The property is located at 1208-1232-1270 East Broadway Road Tempe, AZ.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: Located in the heart of Tempe.; Easy access from Loops 101, 202 and US 60.; Over 1M SF of retail and restaurants nearby.