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    OFF-MARKET
    Office buildings

    2405 Southern Ave, Tempe, AZ 85282-7611

    4,480 SF 0.91 ac lot Built 1979
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US07-1030512
    Property summary
    AI-generated overview

    This 4,327 square foot medical office condominium, located in Building B of the Hudson Place Professional Condominiums at 2405 E Southern Ave, Tempe, AZ 85282 (APN 134-44-361A), presents a unique owner-user investment opportunity. The property, built in 1979 and currently undergoing renovations, is classified as a Class B multi-tenancy building with a general office buildout. It's zoned RO & PCC-1 and offers ample parking, with a ratio of 5.59 spaces per 1,000 square feet. Situated at the gateway to Mesa/Tempe, this location benefits from high visibility on Southern Avenue, near the Loop 101 Pima Freeway, experiencing nearly 33,000 cars daily. Its prime location offers superior proximity to Banner Desert Medical Center and Tempe St. Luke's, providing excellent access to major East Valley freeways. This landmark property, part of a 15-building complex, has a long history of successful medical and general office tenants. Now, for the first time, these buildings are being offered for sale as individual professional condominiums, allowing for ownership of a piece of history at the intersection of US 60 and the Loop 101. Pricing details are available upon request.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1979
    Construction STEEL FRAME
    Total area 4,480 SF
    Lot 0.91 ac (39,660 SF)
    Zoning code RO
    APN 134-44-358
    UPID US07-1030512
    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
    Current use
    Occupant on record · Public records
    • John C. Hollebeek, EDD Physician Medical Clinic
    • Life Enrichment Therapies Alternative Medicine Practice
    • Cannon Donna J Physician
    • Body and Breast Thermal Imaging - Tempe Thermography Medical Clinic
    • Inner Health Occupational Safety And Health
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bic Hudson Place LLC · 2 yrs held
    Bic Hudson Place LLC
    since 2024
    Last sale
    $11.5M
    4 recorded transactions
    2024
    $4.8M
    2024
    2023
    2023
    $4.8M
    Zoning & alternative use
    RO · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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