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2121 on Mill 2121 S Mill Ave 16,528 SF 100% Leased Office Building Tempe, AZ 85282 $3,400,000 ($205.71/SF)
Investment Highlights
- Excellent Mill Ave Frontage w/ Close proximity to ASU and Downtown Tempe’s 24/7 Live/Work/Play environment
- Monitored video security cameras
- Monument signage
- Generous parking at 5.2/1,000 (2.42/1,000 covered-40 spaces +2.78/1,000 uncovered-46 spaces)
- Elevator access to 2nd floor
Executive Summary
100% OCCUPIED!
Civic is pleased to announce the opportunity to acquire 2121onMill allowing an investor to take advantage of the existing cash flow at 100% occupancy and recent improvements made to the office; while having the option to convert the property into residential apartments in the future.
A preliminary apartment conversation design layout is available for consideration.
Recent Improvements include:
• New 60-ton Chiller in 2024
• New Exterior paint in 2020
• New landscaping & courtyard in 2021
• Concrete floors refinished in 2020
• New acoustic ceiling system in 2022
• Parking lot overlay 2020
• New Signage in 2020
Civic is pleased to announce the opportunity to acquire 2121onMill allowing an investor to take advantage of the existing cash flow at 100% occupancy and recent improvements made to the office; while having the option to convert the property into residential apartments in the future.
A preliminary apartment conversation design layout is available for consideration.
Recent Improvements include:
• New 60-ton Chiller in 2024
• New Exterior paint in 2020
• New landscaping & courtyard in 2021
• Concrete floors refinished in 2020
• New acoustic ceiling system in 2022
• Parking lot overlay 2020
• New Signage in 2020
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
16,528 SF
Building Class
B
Year Built/Renovated
1968/2007
Price
$3,400,000
Price Per SF
$205.71
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,264 SF
Building FAR
0.41
Lot Size
0.93 AC
Zoning
R-3/R-4, - City of Tempe
Parking
86 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Security System
- Signage
- Monument Signage
- Balcony
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 133-23-020F | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $142,218 |
Property Taxes
Parcel Number
133-23-020F
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$142,218
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2121 on Mill | 2121 S Mill Ave
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