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Multi-Tenant Office Building
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1600 W Broadway Rd, Tempe, AZ 85282

Three-story, multi-tenant office building offered for sale with 71.2% leased space and potential for owner-use or additional lease-up.

Property Size76,915 SF
Price / SF$136.51
Days on Market146

Property Features for 1600 W Broadway Rd

General Information

Standard status Active
Size 76,915 SF
Class B
Property subtype Office
Zoning GID
Occupancy 71%

Additional Details

Highway Access Yes

Building Details

Year Built 1984
Stories 3
Tenancy Multi
Listing Agency: Lee & Associates - Arizona
Listed By: Colton Trauter · License #AZ SA563407000
Source: Crexi
Added: Apr 16 Changed: Aug 27 Last Checked: Sep 7 at 2:07AM

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 - Arizona

Investment Insights

Based on property information with market context.

Southwest Corporate Center is a three-story, multi-tenant office building being offered for sale. The property is currently 71.2% leased, and the remaining space may support additional lease-up. It also presents an owner-user option, with the ability to occupy up to 20,000 to 45,000 square feet of space.

The building is described as being located in a centralized hub for local, regional, and national tenants. Access is noted to the Broadway curve, with proximity to I-10 and SR-143 highways.

For buyers evaluating office holdings, Southwest Corporate Center offers a multi-tenant structure with in-place occupancy and flexibility depending on whether the strategy is to continue leasing available space or consolidate for an owner-user footprint.

Key Highlights

  • 1984‑built, three‑story, multi‑tenant office building in Southwest Corporate Center
  • Currently 71.2% leased, with potential for additional lease‑up or owner‑user occupancy
  • Owner‑user can occupy up to 20,000 to 45,000 SF of space

Property Analytics

Current Use

The WLB Group, Inc. Civil Engineer Associated Asset Management ... Property Management Company Gateway Ranch Food Processing Plant

Suggested Use

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

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,187
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story, multi-tenant office building offered for sale with 71.2% leased space and potential for owner-use or additional lease-up.
Where is this office building located?
The property is located at 1600 W Broadway Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 1984‑built, three‑story, multi‑tenant office building in Southwest Corporate Center; Currently 71.2% leased, with potential for additional lease‑up or owner‑user occupancy; Owner‑user can occupy up to 20,000 to 45,000 SF of space
More about this property
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