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    FOR LEASE
    Warehouses

    1401 S Siesta Ln, Tempe, AZ 85281

    24,897 SF 1.49 ac lot Built 1997
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US07-0403031
    1401 S Siesta Ln, Tempe, AZ 85281 For Lease
    $16 SF/Yr 25,807 SF available
    1401 S Siesta Ln, Tempe, AZ 85281
    View Listing →
    Property summary
    AI-generated overview

    This exceptional single-tenant industrial warehouse, located at 1401 S Siesta Ln, Tempe, AZ 85281, offers 25,807 square feet of versatile space. The property is classified as Industrial, with a specific subtype of Warehouse, making it ideal for a variety of businesses requiring substantial storage and operational areas. Its single-tenant occupancy provides a streamlined and efficient environment for the current or future occupant. The building is situated in Tempe, Arizona, a thriving city known for its robust economy and strategic location within the greater Phoenix metropolitan area. The precise geographic coordinates are 33.4123405 latitude and -111.892493 longitude, providing easy access for logistical planning and navigation. This property presents a significant opportunity for businesses seeking a substantial, well-located industrial space in a dynamic market. The property's size and single-tenant configuration offer both operational efficiency and potential for long-term stability. Further details regarding the property's internal layout, features, and lease terms are available upon request. Interested parties are encouraged to inquire for a comprehensive property overview and to schedule a viewing. This Tempe warehouse represents a compelling investment opportunity in a prime location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1997
    Construction CONCRETE
    Total area 24,897 SF
    Lot 1.49 ac (64,774 SF)
    Zoning code GID
    APN 133-01-423
    UPID US07-0403031
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Educational Sales Co Inc (Bike/Boat/Book/etc) Store
    • ESCO Online Bookstore (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $10.75M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.75M
    Owner & transaction history
    Lcg2i 2424 21st Street LLC · 1 yrs held
    Lcg2i 2424 21st Street LLC
    since 2024
    Last sale
    $10.7M
    7 recorded transactions
    2024
    $10.7M
    2021
    $8.6M
    2015
    $2.2M
    2014
    $1.7M
    2002
    $1.3M
    1997
    $1.1M
    1997
    Zoning & alternative use
    GID · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $17.4M +262.8%
    Auto repair, garage $17.1M +257.7%
    Retail stores $13.1M +174.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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