2005 W 14th St | Tempe, AZ

Building Size (SF): 70,853

Land Size (Acres): 6.70

Status: Active

Description: Alignment acquired this single-story, 100%-leased, multi-tenant office property from the original developer who completed construction in 1989. Since that time, occupancy has averaged almost 90%.  At Alignment's cost basis of $165/square foot, optionality exists to retain office tenants or to utilize the asset's industrial zoning (GID) to create small-bay industrial suites. Going-in cap rate was north of 9.00%. The Property is located in an infill Tempe submarket, adjacent to the Broadway Curve.