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Action Behavior Center 7665 S Research Dr 9,969 SF Office Building Tempe, AZ 85284 $5,250,000 ($526.63/SF) 7.50% Cap Rate

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Investment Highlights

Leasehold ownership with the right to lease extending 98 with option periods
Over $1.06M investments into the property through a combination of landlord and tenant improvements between 2024 to 2025
Just steps from the signalized junction of Elliot Road and State Highway 101 (157,700 VPD)

New 10-year lease with 2 (5-year) renewal options | 2% Annual Increases
Surrounded by established residential complexes like The Village at College Park (40 units), Tre Allagio (57 units), and Chandler Meadows (200 units)
Supported by over 387,200 residents (AHHI $112,272) and 208,800 employees in the 5-mile trade area

Executive Summary

The property is located directly across the street from Action Behavior Centers’ second corporate headquarters (“HQ 2.0”), underscoring the tenant’s operational commitment to this location. Positioned at the signalized, hard corner intersection of E. Elliot Road (33,700 VPD) and S. River Parkway (5,300 VPD), just off State Highway 101 (157,700 VPD), offering excellent visibility and access. As part of the ASU Research Park, home to 51 companies and over 6,700 employees, the site benefits from a professional, campus-like environment. Proximity to leading life sciences and behavioral health organizations fosters collaboration, referrals, and patient demand, strengthening tenant performance. The 5-mile trade area is supported by over 387,200 residents and 208,800 employees, with average household incomes exceeding $154,000 within one mile. Surrounded by established multifamily communities and located in the fast-growing Phoenix MSA, the property is well-positioned to benefit from continued population growth, economic expansion, and long-term demand for behavioral health services.

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

9,969 SF

Building Class

Year Built

2000

Price

$5,250,000

Price Per SF

$526.63

Cap Rate

7.50%

NOI

$393,776

Tenancy

Single

Building Height

1 Story

Typical Floor Size

9,969 SF

Building FAR

0.12

Lot Size

1.90 AC

Zoning

AG - agricultural zone

Parking

45 Spaces (4.51 Spaces per 1,000 SF Leased)

Air Conditioning

Gold

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)