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

Listed By: Jamie Swirtz · License #SA625844000 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 8 at 3:27AM

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Investment Insights

Based on property information with market context.

This property offers office space within the Mill Avenue Business Park. The space measures 1940 square feet. The location provides frontage on Mill Avenue and offers convenient access to US-60, I-10, and Loop 101.

Key Highlights

• Frontage on Mill Avenue
• Excellent access to US‑60
• Excellent access to I‑10

Property Analytics

Property Profile

Current Use

CSW Computer Simulations Charitable Organization Praveen Praveen Physician Innovative Minds Fingerprinting Service Dr. Amish Purohit Pediatrician Law Office of Ronald ... Law Firm

Suggested Use

Top Pick Dental Office Food Market Bakery Pharmacy Grocery & Convenience Store 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

$2.48 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,238

Businesses Nearby

Explore this area Business Placement

Demographics for 85283, AZ

45,736

Population

20,620

Households

2.2

Avg Household Size

35

Median Age

44%

College-Educated

93%

High-School Grad

8.8 sq mi

ZIP Area

5,197

Density / Sq Mi

$81,073

Median Household Income

$47,213

Median Earnings

$1,669

Median Rent

$409,800

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$18.87 /SF/Yr

Avg Asking Price

$1.17–$34.5 /SF/Yr

Price Range

19,965 SF

Avg Space Size

This space is priced 13% below the average of $18.87 /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 units 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 units - Office space for rent with frontage on Mill Avenue.

Where is this office units located?

The property is located at 40 West Baseline Road Tempe, AZ.

What is the lease rate?

The lease rate is $16.50 SF/Yr.

What are key features of this property?

This property features: Frontage on Mill Avenue; Excellent access to US‑60; Excellent access to I‑10