River Corporate Center

Off-Market

8075 South River Pkwy, Tempe, AZ 85284

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 133,225 SF
  • Lot Size 12.46 Acre
  • Parking Spaces Avail. 798
  • Parking Ratio 5.99 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1998

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 01 May, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Tempe

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Tempe Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $27.62
  • 2022 Office Vacancy Rate 17.50%
  • 2022 Office Completions (SF) 739,253

Tempe Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $188.17
  • Y-o-Y Avg. PpSF Change -22.32%
  • 2022 Office Sales Volume $194.2M
  • 2022 Number of Transactions 22
View more Tempe market trends

Location

Getting Around

  • Walk Score ®

    11/100 Car-Dependent

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    74/100 Very Bikeable
Powered by Walk Score ®
  • City Tempe, AZ
  • Neighborhood Sandahl
  • Zip Code 85284
  • Market Phoenix

Points of Interest

  • Desert Breeze Rail Station

    2.55 miles

  • Smith-Martin/ Apache Blvd

    4.86 miles

  • Price-101 Fwy/ Apache Blvd

    4.88 miles

  • McClintock/ Apache Blvd

    4.90 miles

  • Blue Star Transportation

    4.93 miles

  • Dorsey / Apache Bvd

    5.00 miles

  • Dorsey/ Apache Blvd

    5.01 miles

  • Sycamore/ Main St

    5.06 miles

  • Rural Rd / Apache Blvd

    5.14 miles

  • McAllister Ave / Apache Blvd

    5.22 miles

  • Shell

    0.97 miles

  • Circle K

    1.21 miles

  • Circle K

    1.24 miles

  • Volta

    1.79 miles

  • Valero

    1.96 miles

  • Chevron

    2.05 miles

  • Chevron

    2.25 miles

  • Circle K

    2.29 miles

  • Mobil

    2.31 miles

  • Circle K

    2.49 miles

  • Staff Parking

    1.74 miles

  • Brown 3

    3.16 miles

  • Brown 2

    3.18 miles

  • Blue 1

    3.22 miles

  • Brown 1

    3.23 miles

  • Radiation Oncology Patient Parking

    3.24 miles

  • Southwest Parking Lot

    3.27 miles

  • South Parking Lot

    3.28 miles

  • Blue 2

    3.28 miles

  • Employee Parking

    3.33 miles

  • Hilton Garden Inn

    0.65 miles

  • Home2 Suites

    0.69 miles

  • Residence Inn by Marriott Phoenix Chandler/Fashion Center

    2.62 miles

  • SpringHill Suites by Marriott Phoenix Chandler/Fashion Center

    2.63 miles

  • Hyatt Place Phoenix/Chandler-Fashion Center

    2.79 miles

  • TownePlace Suites by Marriott Phoenix Chandler/Fashion Center

    2.82 miles

  • Element Chandler Fashion Center

    2.92 miles

  • Extended Stay America

    2.92 miles

  • Ramada Mesa Phoenix East Area

    2.93 miles

  • Hilton Phoenix Chandler

    3.24 miles

  • Chipotle

    0.49 miles

  • MOD Pizza

    0.50 miles

  • Smashburger

    0.50 miles

  • Thai Chili 2 Go

    0.51 miles

  • Jimmy John's

    0.51 miles

  • Biscuits

    0.85 miles

  • La Casa de Juana

    0.89 miles

  • Freddy's

    0.91 miles

  • Riga Tony's

    0.98 miles

  • McDonald's

    1.02 miles

  • Jordan Elementary School

    0.93 miles

  • Ball Charter School at Dobson

    1.22 miles

  • Chandler Traditional Academy - Goodman Campus

    1.36 miles

  • Valley Christian Schools - Elementary (K-6) Campus

    1.41 miles

  • C.I. Waggoner Elementary School

    1.46 miles

  • Solon Academy of Arts and Sciences

    1.46 miles

  • Kyrene Del Norte School

    1.53 miles

  • Kyrene De Los Ninos School

    1.55 miles

  • Pomeroy Elementary School

    1.58 miles

  • Kyrene Middle School

    1.58 miles

  • Bright Horizons

    0.21 miles

  • Bridges Preschool

    1.18 miles

  • Tutor Time

    1.91 miles

  • Best Friends Preschool

    2.29 miles

  • KinderCare

    2.43 miles

  • Sunrise Preschools

    2.49 miles

  • Bright Horizons

    2.60 miles

  • East Valley JCCs

    2.71 miles

  • Kids R' Our Future

    3.07 miles

  • Munchkin's Place

    3.07 miles

Frequently Asked Questions

What is the total square footage of River Corporate Center?

River Corporate Center totals 133,225 square feet.

When was this property built?

River Corporate Center was built in 1998.

When was River Corporate Center last sold?

River Corporate Center was last sold on 01 May, 2015.

What is the market value for River Corporate Center?

The market value* for River Corporate Center in 2022 was $46,750,900.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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