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432 S Farmer Ave 10,548 SF Office Building Tempe, AZ 85281 $4,170,000 ($395.34/SF)
INVESTMENT HIGHLIGHTS
- Located within downtown Tempe and two blocks from Mill Avenue, a 24/7 live-work-play entertainment district
- Transit-oriented location with ±2- mile access to Loop 202 and the Metro Light Rail’s Mill Ave/3rd Street stop
- Frontage and excellent curb appeal on Farmer Avenue
- Ample restaurants available within walking distance from the property
- Creative style interior build-out featuring exposed ceilings, accent lighting, concrete floors, glass lines, and modern steel and wood finishes
- UPDATED PRICING
EXECUTIVE SUMMARY
• UPDATED PRICING
• Link to virtual tour here: https://my.matterport.com/show/?m=S5JVnC8sv3x
• High-quality, two-story, ±10,548 SF podium-style office building.
• 100% available for an owner/user.
• Modern Bauhaus architecture characterized by an asymmetric rectangular building envelope, a flat roof, smooth concrete façade, and steel accents creates an excellent curb appeal for image conscious buyers.
• Generous ±4.0/1,000 SF on-site parking ratio provided by podium parking underneath the building and the surrounding multifamily developments.• Ample restaurants available within walking distance from the property, including local favorite, Culinary Dropout—a concept restaurant serving classic American dishes with a twist.
• Located within downtown Tempe and two blocks from Mill Avenue, a 24/7 live-work-play entertainment district full of locally owned bars, microbreweries, clubs, and restaurants. This explosive area is also home to an abundance of residential towers and high-profile office developments.
• Irreplaceable location in the heart of ‘The Silicon Desert’ which is known for having the highest concentration of major corporations of any submarket, a spectacular labor pool, and great housing.
• The Tempe Streetcar, which connects north and south downtown Tempe, has a stop at 5th St/Ash Ave—only a few steps from the property.
• Transit-oriented location with ±2-mile access to Loop 202 and the Metro Light Rail’s Mill Ave/3rd Street stop, making the entire valley easily available within a short commute.
• The Beam on Farmer, a high-profile office development, is located across the street from the property.
• Link to virtual tour here: https://my.matterport.com/show/?m=S5JVnC8sv3x
• High-quality, two-story, ±10,548 SF podium-style office building.
• 100% available for an owner/user.
• Modern Bauhaus architecture characterized by an asymmetric rectangular building envelope, a flat roof, smooth concrete façade, and steel accents creates an excellent curb appeal for image conscious buyers.
• Generous ±4.0/1,000 SF on-site parking ratio provided by podium parking underneath the building and the surrounding multifamily developments.• Ample restaurants available within walking distance from the property, including local favorite, Culinary Dropout—a concept restaurant serving classic American dishes with a twist.
• Located within downtown Tempe and two blocks from Mill Avenue, a 24/7 live-work-play entertainment district full of locally owned bars, microbreweries, clubs, and restaurants. This explosive area is also home to an abundance of residential towers and high-profile office developments.
• Irreplaceable location in the heart of ‘The Silicon Desert’ which is known for having the highest concentration of major corporations of any submarket, a spectacular labor pool, and great housing.
• The Tempe Streetcar, which connects north and south downtown Tempe, has a stop at 5th St/Ash Ave—only a few steps from the property.
• Transit-oriented location with ±2-mile access to Loop 202 and the Metro Light Rail’s Mill Ave/3rd Street stop, making the entire valley easily available within a short commute.
• The Beam on Farmer, a high-profile office development, is located across the street from the property.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,548 SF
Building Class
B
Year Built
2012
Price
$4,170,000
Price Per SF
$395.34
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,274 SF
Building FAR
0.23
Lot Size
1.05 AC
Opportunity Zone
Yes
Zoning
MU-4 - Mixed Use
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Click here to view the virtual tour: https://my.matterport.com/show/?m=S5JVnC8sv3x +/- 10,548 SF of 2nd generation office space now available formerly an ad agency space, open & creative. Available for lease or sale, call for additional details.
Click here to view the virtual tour: https://my.matterport.com/show/?m=S5JVnC8sv3x +/- 10,548 SF of 2nd generation office space now available formerly an ad agency space, open & creative. Available for lease or sale, call for additional details.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 5,274 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 5,274 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 5,274 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 5,274 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 200
| Size | 5,274 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Click here to view the virtual tour: https://my.matterport.com/show/?m=S5JVnC8sv3x +/- 10,548 SF of 2nd generation office space now available formerly an ad agency space, open & creative. Available for lease or sale, call for additional details.
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Fl-Ste 300
| Size | 5,274 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Click here to view the virtual tour: https://my.matterport.com/show/?m=S5JVnC8sv3x +/- 10,548 SF of 2nd generation office space now available formerly an ad agency space, open & creative. Available for lease or sale, call for additional details.
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 124-33-447 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $297,430 |
PROPERTY TAXES
Parcel Number
124-33-447
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$297,430
CONTACTS
-
Eric Wichterman -
Michael Coover -
Stephanie Adams -
Diana Hernandez -
Cushman & Wakefield
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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432 S Farmer Ave
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