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    8333 River Pkwy Tempe, AZ 85284

    Sponsored
    For Sale
    $14,650,000

    97,686 SF Office, ASU Research Park

    Property size:
    97,686 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 97,686 square foot, two-story office building presents a unique owner-user opportunity in Tempe's prestigious ASU Research Park. Located on a substantial 13.79-acre lot, this property boasts a stunning two-story lobby with an expansive glass curtain wall, offering abundant natural light and captivating lake views. A significant feature is the state-of-the-art commercial kitchen, renovated in 2022, complete with an extensive restaurant/dining area, also enjoying lake views and access to an outdoor patio. The building further includes a 200-person auditorium, a divisible lecture room, and several large conference rooms, complemented by a mix of open office areas and classrooms. The property benefits from a ground lease, rent-free and tax-exempt, extending until December 2079. Its strategic location within the ASU Research Park places it amongst high-profile companies like Amazon, Walgreens, and GoDaddy, within the thriving "Silicon Desert" and offers easy access to Loop 101, bridging downtown Tempe and the Price Corridor. The asking price is $14,650,000, with a price per square foot of $149.97. The building was constructed in 1995 and features ample parking (537 spaces per 1,000 sq ft), zoned AG. This is an unparalleled opportunity to acquire a substantial, well-appointed office building in a prime location.

    Property Features for 8333 River Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    97,686 SF
    Lot Size
    600,692 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2

    HighLights

    • ±97,686 SF two‑story office building.
    • 100% available for owner‑user.
    • Two‑story lobby with expansive glass curtain wall, offering abundant natural light and lake views.
    • State‑of‑the‑art commercial kitchen (renovated 2022) with restaurant/dining area, lake views, and outdoor patio.
    • Amenities include a 200‑person auditorium, divisible lecture room, large conference rooms, open office areas, and classrooms.
    • Prime location in ASU Research Park, near companies like Amazon and GoDaddy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones Corporate Office

    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
    -111.8951455
    Latitude
    33.340374

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    FAQs

    What type of property is this?
    Office Property / Space - 97,686 SF Office, ASU Research Park
    Where is this office property / space located?
    The property is located at 8333 River Pkwy Tempe, AZ.
    What is the asking price?
    The asking price for this property is $14,650,000.
    What are key features of this property?
    This property features: ±97,686 SF two-story office building.; 100% available for owner-user.; Two-story lobby with expansive glass curtain wall, offering abundant natural light and lake views.
    (602) 224-4471
    Request Owner's contact information
    8333 River Pkwy Tempe, AZ 85284
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    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
    8333 River Pkwy Tempe, AZ 85284
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