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.
Space Size135,000 SF
Days on Market971
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
NNN
Building Details
Stories
4
Spaces For Lease
at 8240 S River Pkwy
8240 S River Pkwy
$39/SF/Yr
Floor
Bldg
Size
135,000 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Completion
Sublease
No
- Brand new shell building in ASU Research Park. +135,000 RSF 4-Story Brand New Shell with a Self-Contained Parking Garage (250 Stalls). Unlimited lab potential with an additional 800 RSF of lab with 27’ clear heights. Back Up Generators in Place. Roll Up Doors.
Contact us
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Andrew Cheney
(602) 488-4000
Source:
Moodyscre
Added: Mar 5, 2024
Changed: Oct 25
Last Checked: Oct 30 at 5:12PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Tempe, AZ
$18.87 /SF/Yr
Avg Asking Price
$12–$28.04 /SF/Yr
Price Range
31,546 SF
Avg Space Size
This space is priced 107% above the average of $18.87 /SF/Yr.
Vacancy Rate% for Office in West region
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
