Listed by The Menlo Group Commercial Real Estate LLC
$4,471,000
420 S Smith Rd.
Details
APN 132-38-008S
Property Type Office, Industrial
Sub Type Traditional Office, Flex
Square Footage 16,843
Cap Rate 7.05%
NOI $315,230
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 08/27/2029
Rent Bumps Yes
Price per SqFt $265
Year Built 1999
Stories 2
Acreage 1.130
Zoning GID - Tempe
Parking Spaces 67 spaces
Parking per 1,000 SqFt 3.98
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/30/2019
Office | 7.05% CAP | 16,843 SqFt
Marketing description
Freestanding office/flex investment opportunity in a prime Tempe location featuring office space and warehouse with roll-up garage door, outdoor patio/seating area, and a secured 1.13-acre lot with covered parking. The property is 100% leased to Pavion under a NNN lease with term remaining through August 28, 2029 and 3% annual rent increases.
Convenient access to Arizona State University, Downtown Tempe, Phoenix Sky Harbor, Loop 101, Loop 202, SR-143, US-60, and I-10.
Investment highlights
- Freestanding Office/Flex Investment Opportunity
- On-site Warehouse with roll-up garage door
- Outdoor patio and seating area
- 100% leased to Pavion, an established national tenant
- Landlord friendly NNN Lease Structure
- Long term lease with term remaining through August 28, 2029
- Steady 3% annual increases throughout the Lease Term
- Large 1.13 acre lot with a secured yard and 4/1,000 SF Parking Ratio, including covered parking
- Ideal Tempe location with close proximity to Arizona State University, Downtown Tempe, Tempe Town Lake, & Phoenix Sky Harbor
- Easy Access to Loop 101, Loop 202, SR-143, US-60, and I-10
Listing Contacts
Listed by The Menlo Group Commercial Real Estate LLC
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$315,229.81
$26,269.15/mo
Valuation Metrics
0
DSCR
7.05%
Cap Rate
7.05%
ROI
Map
Zoning
GID IndustrialGeneral Industrial District
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View all 78 uses Last updated Apr 1, 2026 For deeper zoning details, reports are available at Zoneomics
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