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Action Behavior Center 7665 S Research Dr 9,969 SF Office Building Tempe, AZ 85284 $4,922,000 ($493.73/SF) 8% Cap Rate
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
Property Facts
Amenities
- Air Conditioning
Sustainability
Sustainability
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)
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 301-53-306 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $383,722 |
Property Taxes
Contacts
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Patrick Luther -
Matthew Mousavi -
Sabrina Sapienza -
Britt Raymond -
Kyle Fant -
Ed Beeh -
SRS National Net Lease
