4-Story Industrial Flex
For Lease
Contact for pricing
8240 S River Pkwy, Tempe, AZ 85284
New four-story shell with self-contained 250-stall parking garage, roll-up doors, and backup generators, designed for lab buildout.
Property Size135,000 SF
Days on Market879
Property Features for 8240 S River Pkwy
General Information
Standard status
Active
Size
135,000 SF
Total Parking Spaces
250
Property subtype
OFFICE
Lease Type
SF/yr
Building Details
Stories
4
Listing Agency:
Lee & Associates | Phoenix
(602) 488-4000
Listed By:
Andrew Cheney
(602) 488-4000
Source:
Moodyscre
Added: Mar 5, 2024
Changed: Jul 27
Last Checked: Aug 1 at 10:37AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This brand new four-story flex/industrial shell is available for lease in ASU Research Park. The offering includes a self-contained parking garage with 250 stalls, roll-up doors, and backup generators already in place. The building also includes an additional 800 RSF of lab space with 27' clear heights, supporting flexibility for lab-focused tenant buildouts.
As a shell condition property, the space is well-suited for tenants looking to tailor improvements to their specific program, while retaining the foundation for lab use and operational readiness.
The building is presented as a blank-canvas shell with defined functional components already delivered, including the parking structure and supporting infrastructure, helping streamline planning for a future tenant’s interior and lab requirements.
As a shell condition property, the space is well-suited for tenants looking to tailor improvements to their specific program, while retaining the foundation for lab use and operational readiness.
The building is presented as a blank-canvas shell with defined functional components already delivered, including the parking structure and supporting infrastructure, helping streamline planning for a future tenant’s interior and lab requirements.
Key Highlights
- Brand new 4‑story shell building with 135,000 RSF in ASU Research Park
- Self‑contained parking garage with 250 stalls on‑site
- Unlimited lab buildout potential plus an additional 800 RSF of lab space
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value
Market
Lease Benchmarks for Tempe, AZ
$79.24 /SF/Yr
Avg Asking Price
$13.5–$141 /SF/Yr
Price Range
9,501 SF
Avg Space Size
This space is priced 51% below the average of $79.24 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New four-story shell with self-contained 250-stall parking garage, roll-up doors, and backup generators, designed for lab buildout.
Where is this flex space located?
The property is located at 8240 S River Pkwy Tempe, AZ.
What is the lease rate?
The lease rate is $39 SF/Yr.
What are key features of this property?
This property features: Brand new 4‑story shell building with 135,000 RSF in ASU Research Park; Self‑contained parking garage with 250 stalls on‑site; Unlimited lab buildout potential plus an additional 800 RSF of lab space
