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2121 on Mill 2121 S Mill Ave 16,528 SF 92% Leased Office Building Tempe, AZ 85282 $4,657,014 CAD ($281.77 CAD/SF)
Investment Highlights
- Excellent Mill Ave Frontage w/ Close proximity to ASU and Downtown Tempe’s 24/7 Live/Work/Play environment
- Monitored video security cameras
- Monument signage
- Generous parking at 5.2/1,000 (2.42/1,000 covered-40 spaces +2.78/1,000 uncovered-46 spaces)
- Elevator access to 2nd floor
Executive Summary
Civic is pleased to announce the opportunity to acquire 2121onMill allowing an investor to take advantage of the existing cash flow at 92% occupancy and recent improvements made to the office; while having the option to convert the property into residential apartments in the future.
A preliminary apartment conversation design layout is available for consideration.
Recent Improvements include:
• New 60-ton Chiller in 2024
• New Exterior paint in 2020
• New landscaping & courtyard in 2021
• Concrete floors refinished in 2020
• New acoustic ceiling system in 2022
• Parking lot overlay
• New Signage in 2020
A preliminary apartment conversation design layout is available for consideration.
Recent Improvements include:
• New 60-ton Chiller in 2024
• New Exterior paint in 2020
• New landscaping & courtyard in 2021
• Concrete floors refinished in 2020
• New acoustic ceiling system in 2022
• Parking lot overlay
• New Signage in 2020
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
16,528 SF
Building Class
B
Year Built/Renovated
1968/2007
Price
$4,657,014 CAD
Price Per SF
$281.77 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,264 SF
Building FAR
0.41
Lot Size
0.93 AC
Zoning
R-3/R-4, - City of Tempe
Parking
86 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Security System
- Signage
- Monument Signage
- Balcony
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 558 SF
- Office
- -
- Now
1,357sf corner suite on the second floor with plenty of natural light through arched windows and consisting of 1 office, a kitchen and restroom, with the balance being open co-working space. Ideal for collaborative operation or call center type operation.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 558 SF | Office | - | Now |
| 1st Fl-Ste 204 | 1,357 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 558 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 204
| Size |
| 1,357 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 204
| Size | 1,357 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
1,357sf corner suite on the second floor with plenty of natural light through arched windows and consisting of 1 office, a kitchen and restroom, with the balance being open co-working space. Ideal for collaborative operation or call center type operation.
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 133-23-020F | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $194,426 CAD |
Property Taxes
Parcel Number
133-23-020F
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$194,426 CAD
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2121 on Mill | 2121 S Mill Ave
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