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7320 Price Rd - PARKING GRARAGE 475,905 SF Specialty Building Offered at $4,000,000 in Tempe, AZ 85283
Investment Highlights
- 600-stall above-grade parking structure positioned in South Tempe.
- Surrounding area features major business parks, retail amenities, and institutional anchors.
- Immediate access to Loop 101 and convenient connections to US-60 and I-10.
- Robust Tempe economy with strong employment centers driving parking demand.
Executive Summary
7320 Price Rd in Tempe, Arizona, presents an investment opportunity in a substantial above-grade parking structure accommodating 600 parking stalls. Located in a well-connected area of South Tempe, this asset is positioned within reach of major arterial routes that provide quick access to Downtown Tempe, the Phoenix metro area, and surrounding employment centers. The property offers dependable long-term demand drivers due to the area's continuing business development and high vehicular traffic corridors.
This parking facility can serve multiple end users, including corporate campuses, mixed-use developers, and institutional tenants needing substantial parking capacity in a dense market. Tempe benefits from a diverse economy and is home to Arizona State University, robust tech and business clusters, and strong hospitality demand, all supporting ongoing utilization of structured parking assets. Access to Loop 101 and US-60 enhances connectivity to Phoenix Sky Harbor International Airport and greater regional destinations.
This parking facility can serve multiple end users, including corporate campuses, mixed-use developers, and institutional tenants needing substantial parking capacity in a dense market. Tempe benefits from a diverse economy and is home to Arizona State University, robust tech and business clusters, and strong hospitality demand, all supporting ongoing utilization of structured parking assets. Access to Loop 101 and US-60 enhances connectivity to Phoenix Sky Harbor International Airport and greater regional destinations.
Property Facts
| Price | $4,000,000 | Building Class | B |
| Price Per SF | $8.41 | Lot Size | 3.72 AC |
| Sale Type | Investment or Owner User | Building Size | 475,905 SF |
| Property Type | Specialty | No. Stories | 6 |
| Property Subtype | Parking Garage | Year Built | 2018 |
| Zoning | GID - General Industrial District | ||
| Price | $4,000,000 |
| Price Per SF | $8.41 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 3.72 AC |
| Building Size | 475,905 SF |
| No. Stories | 6 |
| Year Built | 2018 |
| Zoning | GID - General Industrial District |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 301-49-834 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,211,346 |
Property Taxes
Parcel Number
301-49-834
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,211,346
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7320 Price Rd - PARKING GRARAGE
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