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

Listed By: Mark Gustin Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 20 at 2:01PM

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Investment Insights

Based on property information with market context.

This commercial real estate property is an office building offering space for rent. The building has a total size of 206,602 square feet.

Key Highlights

• 206,602 square foot office building

Property Analytics

Property Profile

Current Use

Artesyn Embedded Technologies Industrial Manufacturer University of Dubuque (LIFE) ... Private College Computershare Corporate Office Diablo Deli and Grill Cafe & Coffee Shop Conduent Telecommunications Service

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Nail Salon Hair Salon Parking Lot & Garage

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

$2.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,329

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 24% below 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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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - 206,602 square foot office building for lease.

Where is this office building located?

The property is located at 2900 South Diablo Way Tempe, AZ.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: 206,602 square foot office building