8700 Price RdTempe, AZ 85283

This exceptional 132,070 square foot, two-story office building presents a unique owner-user opportunity within the prestigious Arizona State University Research Park in Tempe, Arizona. Built in 2000, this single-tenant building sits on a substantial 9.63-acre lot and boasts a generous parking ratio of approximately 5.0 spaces per 1,000 square feet. The property features a large commercial kitchen and an extensive dining area with lake views and an outdoor patio, perfect for employee amenities. The interior includes several large conference rooms, a mix of open office areas, and training rooms, providing flexibility for various business needs. The building is zoned AG, City of Tempe, and is situated on a ground lease extending until December 2101. This prime location offers immediate access to Loop 101, placing it strategically between downtown Tempe and the Price Corridor. The asking price is $13,850,000, translating to $104.87 per square foot. The property's location within the "Silicon Desert," known for its highly educated and youthful population, and its proximity to high-profile companies like Amazon, Walgreens, and GoDaddy, makes this an unparalleled investment opportunity. Occupancy is available July 22, 2024.