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    Property profile & analytics
    OFF-MARKET Estimated value $47,460,000
    Office buildings

    8333 Riv Pkwy, Tempe, AZ 85284-2616

    127,916 SF 13.64 ac lot Built 1989
    Individually Owned Free & Clear
    Property ID
    US07-2383037
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1989
    Construction CONCRETE
    Total area 127,916 SF
    Lot 13.64 ac (594,004 SF)
    Zoning code AG
    APN 301-53-318
    UPID US07-2383037
    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
    • Edward Jones Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $47.46M
    Blend (final) Blend
    $47.46M
    Owner & transaction history
    ARIZONA BOARD OF REGENTS ASU
    ARIZONA BOARD OF REGENTS ASU
    Zoning & alternative use
    AG · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $67.6M +126.5%
    Retail stores $67.4M +125.6%
    Neighborhood: shopping center $64.2M +115.1%
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