1950 E Southern Avenue, Tempe, AZ

Office for Sale - $4,060,000 - 22,568 Sq. Ft. on 3.05 acres


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Agent Info

NameSteve Beck

Property Info

CIMLS #971200
Location1950 E Southern Avenue
Tempe AZ 85282
Last UpdatedMarch 6th, 2018
TypeOffice
Price$4,060,000
Building22,568 Sq. Ft.
Land3.05 acres
DemographicsView data

Contact


Property Description

The property consists of 2-11,266 SF buildings and 33,062 SF Lot, 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.

Location Description:

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.

Highlights:

>> Shalimar Square for Sale for $4,060,000

>> Includes Two 11,266 SF Retail Medical / Office Buildings and Vacant Land

>> 8% Cap Rate

>> Anchored by Lap Corp and within 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

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