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Orchid House 21 E 6th St
9,600 SF Office Building Tempe, AZ 85281 $9,825,737 CAD ($1,024 CAD/SF) 4% Cap Rate
Investment Highlights
- Orchard House at 21 E 6th Street has 9,600 square feet of turnkey creative office space designed in a desirable modern industrial style.
- Ecofriendly building flooded with natural light featuring building amenities of ample garage parking with 22 spaces and 24-hour security.
- Centrally located on the same block as Tempe City Hall, the office is close to restaurants, shopping, hotel accommodations, and entertainment.
- Adjacent to Arizona State University, with over 70,000 students, Orchard House has access to a strong pool of future innovators and creative minds.
Executive Summary
In the historic district of Tempe, Orchard House is one of the only office buildings within walking distance of Arizona State University. An attractive community for commuters in the Phoenix area, the property is close to Route 202, 143 and Interstate 10 within a nine-minute drive. Nestled in Tempe, the property is situated in a thriving college town and charming suburb on the southeast corner of Phoenix, surrounded by new development that is going up due to it being a land-locked city. When high-end work environments, connectivity, and convenience are critical, Orchard House at 21 E 6th Street is the ideal destination.
Sale Flyer
Property Facts
Amenities
- Security System
- Signage
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Shower Facilities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Ideal space for creative companies that think outside of the box and want to provide a unique and interesting experience for clients and employees.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 9,600 SF | Flex | Full Build-Out | Now |
1st Floor
| Size |
| 9,600 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 9,600 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Ideal space for creative companies that think outside of the box and want to provide a unique and interesting experience for clients and employees.
About Tempe
Tempe is a vibrant community that has become a top office market in metropolitan Phoenix. The city has achieved tremendous growth over the past decade, with office and multifamily developers attempting to keep pace. Tempe is one of the region’s few true live/work/play areas, filled with mixed-use office developments, entertainment options, seasonal festivals, and sports facilities. Access to major freeways, proximity to Phoenix Sky Harbor, and border-to-border light rail make the area easily accessible. These attributes have attracted a line-up of leading companies including State Farm, Amazon, Chase, and ADP, among others.
One of the most significant economic drivers in Tempe is Arizona State University, the largest public university in the country. With more than 55,000 students enrolled at the Tempe campus and roughly 10,000 graduates each year, the university ensures that employers can meet their current and future labor needs. Arizona State University was named the Most Innovative University in the Country for an eighth consecutive year by U.S. News and World Report, and many companies choose to locate near and partner with the school on research and curricula.
Tempe Town Lake is another major attraction in the city. Nearly 6 million square feet of the market's best-in-class office inventory has risen alongside the lake since 2015, including State Farm's 2.1 million-square foot regional HQ. Since then, the area has become a magnet for finance, technology, and professional service occupiers that have helped to generate high-quality jobs. Today, more than 50,000 jobs are within one mile of Tempe Town Lake.
The deep pool of talent, strong amenities, and good location drive strong underlying tenant demand. Due to its popularity, the region has achieved rent growth above the market average, and new office development remains limited, reducing competition.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Kontrolads | - | - | 2 min walk |
| Foch Cafe & Bistro | - | - | 2 min walk |
| Tempe Neighbors Helping Neighbors | - | - | 1 min walk |
| House Of Tricks | American | $$$ | 2 min walk |
| The Munchies Cafe | Cafe | $ | 2 min walk |
| My Big Fat Greek Restaurant | Greek | $$ | 3 min walk |
| Jack In The Box | - | - | 3 min walk |
| Sauce Pizza & Wine | - | - | 4 min walk |
| Insomnia Cookies | Bakery | $ | 4 min walk |
Retail |
||
|---|---|---|
| Ubreakifix | Consumer Electronics | 3 min walk |
| Bank of America | Bank | 3 min walk |
| Urban Outfitters | Unisex Apparel | 3 min walk |
| Free People | Ladies' Apparel | 3 min walk |
| Harkins Theatre | Cinema | 4 min walk |
| Orangetheory Fitness | Fitness | 4 min walk |
| Great Clips | Salon/Barber/Spa | 4 min walk |
| AMC | Cinema | 11 min walk |
Hotels |
|
|---|---|
| Westin |
290 rooms
3 min walk
|
| Canopy by Hilton |
198 rooms
4 min walk
|
| Residence Inn |
173 rooms
4 min walk
|
| Omni |
330 rooms
5 min walk
|
| Destination by Hyatt |
303 rooms
4 min walk
|
| Sonesta Select |
160 rooms
7 min walk
|
| Vib |
102 rooms
9 min walk
|
PROPERTY TAXES
| Parcel Number | 132-27-162A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $113,953 CAD |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Austin Vickers
-
Austin Vickers - Austin Vickers
Presented by
Austin Vickers
Orchid House | 21 E 6th St
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