The Groves - 1234-1320 West Elliot Road

Off-Market

1234 West Elliot Road, Tempe, AZ 85284

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

  • Property Type Retail - Power Center
  • Property Size 84,490 SF
  • Lot Size 8.42 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1993

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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Documents

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Sales

  • Purchase Date 20 Dec, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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 ®

    48/100 Car-Dependent
  • Transit Score ®

    43/100 Some Transit
  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Tempe, AZ
  • Neighborhood Pepperwood
  • Zip Code 85284
  • Market Phoenix

Points of Interest

  • Blue Star Transportation

    3.04 miles

  • Desert Breeze Rail Station

    3.36 miles

  • College Ave / Apache Blvd

    4.62 miles

  • McAllister Ave / Apache Blvd

    4.73 miles

  • 11th St / Mill Ave

    4.77 miles

  • Rural Rd / Apache Blvd

    4.83 miles

  • 9th St / Mill Ave

    4.96 miles

  • Dorsey / Apache Bvd

    5.03 miles

  • University Dr / Ash Ave

    5.03 miles

  • Dorsey/ Apache Blvd

    5.04 miles

  • QuikTrip

    0.11 miles

  • Costco Gasoline

    0.29 miles

  • Chevron

    0.48 miles

  • Circle K

    1.19 miles

  • Circle K

    1.24 miles

  • 7-Eleven

    1.39 miles

  • Valero

    1.72 miles

  • Circle K

    1.88 miles

  • Circle K

    1.89 miles

  • Shell

    1.91 miles

  • East Parking Lot

    2.58 miles

  • West Parking Lot

    2.59 miles

  • Ranch Circle Park Lot

    2.93 miles

  • Vista Del Sol Residential Parking

    4.58 miles

  • Gammage Auditorium Parking

    4.64 miles

  • South Parking Lot

    4.77 miles

  • Truck Parking

    4.80 miles

  • North Parking Lot

    4.88 miles

  • Parking Lot 27

    4.90 miles

  • Athletics Parking Lot

    4.91 miles

  • Chili's

    0.09 miles

  • Burger King

    0.09 miles

  • Panda Express

    0.11 miles

  • Subway

    0.13 miles

  • Village Inn

    0.17 miles

  • Red Robin

    0.18 miles

  • Taco Bell

    0.20 miles

  • Olive Garden

    0.22 miles

  • Arby's

    0.25 miles

  • Oregano's

    0.27 miles

  • Walmart Supercenter

    0.15 miles

  • The TV Outlet

    0.94 miles

  • Brooklyn Bedding

    0.97 miles

  • Guitar Center

    1.15 miles

  • Safeway

    1.35 miles

  • Bashas'

    1.82 miles

  • Food City

    1.88 miles

  • Marshalls

    2.12 miles

  • Fry's Food and Drug

    2.22 miles

  • Burlington

    2.24 miles

Frequently Asked Questions

What is the total square footage of The Groves - 1234-1320 West Elliot Road?

The Groves - 1234-1320 West Elliot Road totals 84,490 square feet.

When was this property built?

The Groves - 1234-1320 West Elliot Road was built in 1994.

When was The Groves - 1234-1320 West Elliot Road last sold?

The Groves - 1234-1320 West Elliot Road was last sold on 20 Dec, 2019.

What is the property tax for The Groves - 1234-1320 West Elliot Road?

The property tax for The Groves - 1234-1320 West Elliot Road in 2022 was $137,823.

What is the market value for The Groves - 1234-1320 West Elliot Road?

The market value* for The Groves - 1234-1320 West Elliot Road in 2022 was $9,495,600.
*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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