Property Listing No Longer Available for Sale

1950 E Southern Avenue, Tempe, AZ

Office for Sale - $3,562,175 - 22,568 Sq. Ft. on 3.05 acres


Property Info

CIMLS #971200
Location1950 E Southern Avenue
Tempe AZ 85282
Last UpdatedApril 16th, 2019
TypeOffice
Price$3,562,175
Building22,568 Sq. Ft.
Land3.05 acres
DemographicsView sample

Property Description

The property consists of 2-11,266 SF buildings, currently being anchored by Lab Corp. Excellent demographic location surrounded by residential, medical and retail with traffic counts exceeding 23,000 VPD on Southern Ave.

Shalimar Square is located just west of the Loop 101 on E Southern Avenue in Tempe. The property consists of 2-11,266 SF buildings and is currently being anchored by Lab Corp. Excellent demographic location surrounded by residential, medical and retail with traffic counts exceeding 23,000 VPD on Southern Ave. Transit stop is directly in front of Shalimar Square. Property is only minutes from Banner Desert Medical Center, Loop 101 and US-60 Freeways.

Shalimar Square for Sale for $3,562,175

Includes Two 11,266 SF Retail Medical / Office Buildings

8.0% Cap Rate

Anchored by Lap Corp and VibrantCare Rehabilitation, Minutes Access of Loop 101, US-60 and Banner Desert Medical Center

Strong Demographic Area with Traffic Exceeding 30,000 VPD at Intersection

Transit Stop Directly in Front of Shalimar Square


Financials

Shalimar Square for Sale for $3,562,175

8.0% Cap Rate