Listing Agency: CBRE - Corporate c***@cbre.com Show Phone

Listed By: Charles Miscio Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 23 at 9:52AM

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Investment Insights

Based on property information with market context.

This two-story office building offers options for single-use or multi-tenant layouts. It is situated within the ASU Research Park.

Key Highlights

• Located within ASU Research Park
• Two‑story building
• Single‑use availability

Property Analytics

Property Profile

Current Use

Tech Data Computer Hardware Manufacturer ChargePoint Charging Station Electric Vehicle Charging Station

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm 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

NNN (Triple Net)

Lease Type

$2.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

593

Businesses Nearby

Explore this area 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

Market

Lease Benchmarks for Tempe, AZ

$19.67 /SF/Yr

Avg Asking Price

$1.17–$45 /SF/Yr

Price Range

52,191 SF

Avg Space Size

This space is priced 8% below the average of $19.67 /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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Frequently Asked Questions

What type of property is this?

Office building - Two-story office building located in ASU Research Park.

Where is this office building located?

The property is located at 8700 South Price Road Tempe, AZ.

What is the lease rate?

The lease rate is $18 SF/Yr.

What are key features of this property?

This property features: Located within ASU Research Park; Two‑story building; Single‑use availability