SOLD: Tempe Freestanding Building on Light Rail

Tempe Freestanding Building Trades for $900,000

September 18, 2019 | Tempe, AZ

TEMPE – Situated on the northeast corner of McClintock Drive and Apache Boulevard, the 4,032 square foot, freestanding building closed for $900,000, or $223 per square foot. Situated on 41,948 square feet of land, the property has excellent frontage along McClintock Drive, which has over 34,500 vehicles passing per day. Sitting adjacent to a light rail stop makes for easy transportation to and from Downtown Tempe, Mill Avenue, Arizona State University’s Main Campus, and other several other Tempe amenities. The site is approximately one mile from Loop 101 (Pima) and Loop 202 (Red Mountain) freeways, which is where several new office developments have been constructed in the past year by Boyer, as well where Tempe Marketplace (a 1.2 million square foot open-air mall) is located.

Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Buyer, Bloomfield Capital, LLC. Miner said, “I helped this client purchase the property next door earlier this year. They like being in Tempe and being on the light rail stop. At some point in the future, this site will probably go through a total redevelopment similar to the southeast corner of McClintock and Apache Boulevard.”

1219 South McClintock Drive
Tempe, Arizona 85281
Built in 1977
+/- 4,032 SF
+/- 41,948 SF of land

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