Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8320 Hardy Dr Tempe, AZ 85284

    For Sale
    $17,500,000

    High-income, Class A flex space in Tempe, AZ.

    Property size:
    104,836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A flex property, located at 8320 S Hardy Dr in Tempe, Arizona, presents a unique owner-user opportunity. The 104,836 square foot, two-story building sits on a 7.93-acre lot and boasts contemporary architecture with floor-to-ceiling windows, creating high curb appeal. Currently 100% occupied by a credit tenant (TSYS) under a lease expiring May 31, 2027, with an option to terminate on May 31, 2025, allowing for owner-user occupancy by June 2025 or earlier if the lease is terminated. The asking price is $17,500,000, translating to $166.93 per square foot. The property features a strong NOI of $1,455,787. Significant capital improvements totaling $1.8 million have been completed since 2017, encompassing HVAC, power, and generator upgrades. Ample parking is provided with a 6.09 spaces per 1,000 square feet ratio, including 40% covered parking. The property is zoned GID and benefits from its prime location within the Warner Crossing business park, directly across from a 60-acre city park, and surrounded by major retailers like IKEA, Costco, Home Depot, and Walmart. Its convenient location offers full-diamond access to Interstate 10 within two minutes. This investment presents a compelling blend of immediate income and long-term owner-user potential in a highly desirable Tempe location.

    Property Features for 8320 Hardy Dr

    General Information

    Property type
    Flex space
    Square Feet
    104,836 SF
    Class
    A
    Lot Size
    345,431 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    2

    HighLights

    • Price Reduced to $17,500,000
    • 104,836 SF single‑tenant flex office building.
    • Available for owner‑user by June 2025 (or sooner).
    • 100% leased to credit tenant TSYS, providing strong short‑term income.
    • $1.8M in capital improvements since 2017 (HVAC, power, generator).
    • Excellent parking: 6.1 spaces per 1,000 SF, 40% covered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TSYS Tempe Business Center Golden Retriever Systems Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9550876
    Latitude
    33.3387338

    Nearby Similar for Sale

    • $2,595,000

      Remodeled Multi-Unit Property Near ASU

      Four remodeled patio homes in Tempe's historic district near ASU.
      117 W 10Th St, Tempe, AZ 85281
      View Details
    • $949,995

      Tempe Triplex Near ASU

      Well-maintained triplex near ASU with strong in-place cash flow.
      1234 S Farmer Ave, Tempe, AZ 85281
      View Details
    • $1,148,000

      Tempe Multifamily Property Near ASU

      Three detached units near ASU campus and downtown Tempe.
      1224 S Maple Ave, Tempe, AZ 85281
      View Details
    • $2,500,000

      Renovated Multifamily Property Near ASU

      Fully renovated 12-unit property near ASU and Mill Avenue.
      626 S Wilson St, Tempe, AZ 85281
      View Details
    • New
      $699,500

      Tempe Multifamily with Guest House

      Multifamily property with a permitted guest house near ASU.
      538 W 13Th St, Tempe, AZ 85281
      View Details
    • $2,600,000
      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
      413 W Gemini Dr, Tempe, AZ 85283
      View Details

    FAQs

    What type of property is this?
    Flex space - High-income, Class A flex space in Tempe, AZ.
    Where is this flex space located?
    The property is located at 8320 Hardy Dr Tempe, AZ.
    What is the asking price?
    The asking price for this property is $17,500,000.
    What are key features of this property?
    This property features: Price Reduced to $17,500,000; 104,836 SF single-tenant flex office building.; Available for owner-user by June 2025 (or sooner).
    Request Owner's contact information
    8320 Hardy Dr Tempe, AZ 85284
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8320 Hardy Dr
    Tempe, AZ 85284
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8320 Hardy Dr Tempe, AZ 85284
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.