2045 Innovation Cir Tempe, AZ 85284
This exceptional investment opportunity presents a +/- 97,504 square foot, Class A office building situated in Tempe, Arizona. Currently serving as the global headquarters for Amkor Technology Inc., a Fortune 508 company with a strong credit rating (Moody's Ba3 and S&P Global BB), this two-story building boasts a 100% occupancy rate with a lease extending to May 31, 2034. The property features a favorable Net Lease (NNN) structure with minimal landlord responsibilities and built-in annual rent escalations of 2.75%. Constructed in 2015, the building incorporates LEED-inspired design elements, including recycled materials and reclaimed water for landscaping. Amkor's build-to-suit headquarters includes high-end finishes, executive offices, ample meeting rooms, abundant natural light, and covered parking. The open-office concept promotes collaboration, complemented by amenities such as a coffee shop-style break room and restaurant-quality dining areas. Located within the prestigious Arizona State University Research Park, this property offers a prime location in a thriving technology hub. The 7.26-acre lot is zoned AG. The ground lease extends to December 31, 2101. The asking price is $22,780,000, representing a 7.85% cap rate and a significant NOI of $1,788,233. This is a rare opportunity to acquire a high-quality, mission-critical asset with a long-term, credit-worthy tenant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.