Share This Listing

Message

936 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • High-end finishes throughout the space.
  • Conveniently located in South Tempe on Priest just north of Warner.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 101
  • 3,000 SF
  • Office
  • $1,121,000 ($373.67/SF)
  • $61,474
Sale Type Investment
Cap Rate 5.48%
Sale Conditions 1031 Exchange
APN/Parcel ID 301-53-233
Description
APN: 301-53-233
Sale Notes
State Farm 5 year lease in place and expires 3/31/2027. Buyer must participate in an open ended 1031 Exchange.
Unit Unit Size Condo Use Price NOI
Unit 101 3,000 SF Office $1,121,000 ($373.67/SF) $61,474

Unit 101

Unit Size
3,000 SF
Condo Use
Office
Price
$1,121,000 ($373.67/SF)
NOI
$61,474

Unit 101

Unit Size 3,000 SF
Condo Use Office
Price $1,121,000 ($373.67/SF)
NOI $61,474
Sale Type Investment
Cap Rate 5.48%
Sale Conditions 1031 Exchange
APN/Parcel ID 301-53-233
Description
APN: 301-53-233</li></ul>
Sale Notes
State Farm 5 year lease in place and expires 3/31/2027. Buyer must participate in an open ended 1031 Exchange.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 6,001 SF
Property Type Office (Condo)
Building Class B
Floors 1
Typical Floor Size 3,062 SF
Year Built 2008
Lot Size 0.14 AC
Parking Ratio 6.53/1,000 SF
Zoning PCC-1, Tempe - PCC-1, Tempe - Planned Community Center

Amenities

  • Kitchen
  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 37371502

  • Date on Market: 8/21/2025

  • Last Updated:

  • Address: 8601 S Priest Dr, Tempe, AZ 85284

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}