Single-Tenant Office
5005 S Wendler Dr, Tempe, AZ 85282
For Sale
Contact for pricing
Medical and clinical office facility with dedicated backup power and full occupancy under an established tenant lease.
Property Size30,228 SF
Price / SF$296.91
Days on Market99
Property Features for 5005 S Wendler Dr
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Office Units
Building Details
Year Built
Buildings
Stories
Tenancy
Building Size
Owner Occupied
Listing Agency:
Kidder Mathews
Listed By:
Kurt Kerner · License AZ SA704414000
(858) 964-8019
Source:
Crexi
Added: Aug 4
Changed: Nov 5
Last Checked: Nov 8 at 8:26AM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
Built in 2003, this 30,228-square-foot office building is configured for single-tenant medical and clinical operations. Dedicated backup power infrastructure supports the facility’s research-oriented functions, while the property is fully leased to Celerion, a clinical research organization with operations in the Tempe submarket since 1985.
The property is located at 5005 S Wendler Dr in Tempe, Arizona, and carries GID, Tempe zoning. Celerion’s broader campus presence is within a quarter mile of the building. The asset combines a specialized office setting, established occupancy, and infrastructure suited to clinical research use.
The property is located at 5005 S Wendler Dr in Tempe, Arizona, and carries GID, Tempe zoning. Celerion’s broader campus presence is within a quarter mile of the building. The asset combines a specialized office setting, established occupancy, and infrastructure suited to clinical research use.
Key Highlights
- 30,228‑square‑foot single‑tenant office and medical building
- 100% leased to Celerion, a clinical research organization
- Dedicated backup power infrastructure supports research operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$540,309
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,806,180
$10.8M
Cap Rate 7%
$7,718,700
$7.7M
Cap Rate 9%
$6,003,433
$6.0M
Market Conditions
NOI Build-Up for 30,228 SF
Gross rent
$917.7K $30.36/SF
− Vacancy
−$197.3K −$6.53/SF
EGI
$720.4K $23.83/SF
− OpEx
−$180.1K −$5.96/SF
NOI
$540.3K $17.87/SF
Area
Tempe, AZ
Vacancy
21.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,806,180
Cap Rate 7%
$7,718,700
Cap Rate 9%
$6,003,433
Alternative Uses
Best Use
Office B
$7.72M
$6.75M – $9.01M
NOI $540,309 @ 7.0% cap · market cap 6.02%
Second Best
Healthcare Medical
$6.51M
$5.69M – $7.59M
NOI $455,415 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$9.51M
$8.32M – $11.09M
NOI $665,391 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Tempe
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Medical and clinical office facility with dedicated backup power and full occupancy under an established tenant lease.
Where is this office building located?
The property is located at 5005 S Wendler Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $8,975,000.
What are key features of this property?
This property features: 30,228‑square‑foot single‑tenant office and medical building; 100% leased to Celerion, a clinical research organization; Dedicated backup power infrastructure supports research operations
