Roosevelt Center

Off-Market

2405 South Roosevelt Street, Tempe, AZ 85282

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

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 179,745 SF
  • Lot Size 7.34 Acre
  • Parking Spaces Avail. 179
  • Parking Ratio 1.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

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 25 Sep, 2019
  • 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 ®

    40/100 Car-Dependent
  • Transit Score ®

    48/100 Some Transit
  • Bike Score ®

    74/100 Very Bikeable
Powered by Walk Score ®
  • City Tempe, AZ
  • Neighborhood Peterson Park
  • Zip Code 85282
  • Market Phoenix

Points of Interest

  • Blue Star Transportation

    0.81 miles

  • College Ave / Apache Blvd

    1.02 miles

  • 11th St / Mill Ave

    1.08 miles

  • 9th St / Mill Ave

    1.26 miles

  • McAllister Ave / Apache Blvd

    1.27 miles

  • University Dr / Ash Ave

    1.33 miles

  • Rural Rd / Apache Blvd

    1.47 miles

  • 5th St / Ash Ave

    1.52 miles

  • 6th St / Mill Ave

    1.54 miles

  • University Drive/Rural

    1.66 miles

  • Circle K

    0.25 miles

  • Circle K

    0.44 miles

  • Fry's Fuel Center

    0.80 miles

  • Circle K

    0.85 miles

  • Circle K

    0.88 miles

  • Circle K

    1.08 miles

  • QuikTrip

    1.26 miles

  • Arco

    1.33 miles

  • Fry's Fuel Center

    1.41 miles

  • Shell

    1.51 miles

  • Gammage Auditorium Parking

    1.00 miles

  • Vista Del Sol Residential Parking

    1.20 miles

  • 10th St. Parking Structure

    1.27 miles

  • CVS Parking Lot

    1.28 miles

  • Parking Lot 27

    1.34 miles

  • Centerpoint

    1.38 miles

  • Parking permit 44

    1.44 miles

  • Rural Road Parking Structure

    1.50 miles

  • Fulton Center Parking Structure

    1.53 miles

  • City Hall Visitor's Parking

    1.57 miles

  • Popeyes

    0.25 miles

  • Arby's

    0.25 miles

  • Tastey Thai

    0.28 miles

  • Boulders on Broadway

    0.29 miles

  • Burger Rush

    0.33 miles

  • Arizona Donut Company

    0.55 miles

  • Burger King

    0.65 miles

  • Casa Reynoso

    0.69 miles

  • Mika's Greek

    0.71 miles

  • Jack in the Box

    0.71 miles

  • Fry's Food and Drug

    0.74 miles

  • Walmart

    1.27 miles

  • Walmart Supercenter

    1.29 miles

  • Safeway

    1.31 miles

  • Whole Foods Market

    1.31 miles

  • Fry's Food and Drug

    1.44 miles

  • Ross

    1.67 miles

  • American Freight

    1.69 miles

  • Arizona Mills

    1.73 miles

  • Burlington

    1.81 miles

  • Tempe Fire Department Station No. 2

    0.62 miles

  • Tempe St. Luke Hospital

    0.72 miles

  • Concentra Urgent Care

    0.75 miles

  • Crystal Clarity Skincare

    0.78 miles

  • Fast Med Urgent Care

    0.82 miles

  • ASU Police Department

    1.04 miles

  • Renew Health

    1.08 miles

  • Healthy Wings Primary Healthcare

    1.15 miles

  • Fire Station 6

    1.42 miles

  • CVS Pharmacy

    1.43 miles

Frequently Asked Questions

What is the total square footage of Roosevelt Center?

Roosevelt Center totals 179,745 square feet.

When was Roosevelt Center last sold?

Roosevelt Center was last sold on 25 Sep, 2019.

What is the property tax for Roosevelt Center?

The property tax for Roosevelt Center in 2022 was $136,976.

What is the market value for Roosevelt Center?

The market value* for Roosevelt Center in 2022 was $12,214,700.
*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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