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8530 S Priest DrTempe, AZ 85284
Target Financial Center
Asset ClassOffice
overview of deal

Overview

  • Two ±94,480 SF Class A, two-story office buildings totaling ±188,960 SF
  • Located in Emerald Center, one of Tempe’s premier business parks, on a ±25.29-acre site
  • Buildings were renovated in 2019 with a $8 million+ capital investment by Target
  • Property was never re-occupied post-renovation – interiors remain in essentially brand-new condition
  • Fully furnished, including open-plan workstations, private offices, and conference rooms
  • Constructed of concrete and steel, featuring chilled water HVAC, full wet sprinkler system, and secure card-access control
  • Amenities include loading docks, small warehouse areas, and two passenger elevators per building
  • Includes a two-level parking garage with 917 total parking stalls (4.85/1,000 SF ratio), including 626 covered spaces
  • GID zoning (General Industrial District) allows for office, flex, and other commercial uses
  • Surplus land of ±12.64 acres (offered separately) allows for future development potential
  • Served by City of Tempe utilities, SRP power, and full 3,000-amp service per building with backup generators
  • Strategically located steps from I-10, 2.5 miles from Loop 202, and minutes to Sky Harbor International Airport
  • Ideal corporate HQ or back-office facility with potential for repositioning, lease-up, or adaptive reuse
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8530 S Priest DrTempe, AZ 85284

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Listing provided by Revere CRE