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Property profile & analytics
OFF-MARKET
Office Spaces

2045 Innovation Cir Tempe, AZ 85284

97,504 SF 7.26 ac lot Built 2015
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2015
Total area 97,504 SF
Lot 7.26 ac (316,246 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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