Listing photoFor sale · Special purpose
1604 Mill Avenue
1604 Mill Avenue, Tempe, AZ
$7.45M$262.00 / SF
Property typeSpecial purpose
Building / lot28,400 SF
Investment6.4% cap
UpdatedAug 17, 2026
About this property
Anchor tenant lease through 2034 Two value-add second-floor suites Light-rail adjacent
Property highlights
Anchor tenant lease through 2034 Two value-add second-floor suites Light-rail adjacent
Investment snapshot
Financial overview
- Net operating income
- $476,800
- Capitalization rate
- 6.40%
- Price per SF
- $262
- Occupancy
- 94.0%
Financial information is supplied by the listing team. Review the offering documents and independently verify all figures.
Property record
Building and site details
- Building size
- 28,400 SF
- Year built
- 2014
Location
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Quick underwriting
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Published NOI. This field starts with the listing team's published annual NOI. Any edits are your own assumptions.
Calculated cap rate6.40%
Annual debt service$473,895
Estimated DSCR1.01×
Cash flow after debt$2,905
Cash-on-cash return0.16%
Estimates exclude closing costs, reserves, taxes and changes to operating expenses. This is not financial advice.
Due diligence
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Listing transparency
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- Source
- Broker supplied
- Last updated
- Aug 17, 2026
- Broker status
- Verification pending
Live listing experience
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