Rocket Lister Acquires Office Building In Tempe From Batch Leads For $5.7M
4625 Wendler Drive
$5,700,000
$121/SF
Building Size
46,804 SF
Asset Type
Office
Closing
Dec 19, 2025
About this deal
AI
The property involved in the transaction is a two-story office building located at 4625 Wendler Drive in Tempe, AZ. It encompasses a total area of 46,804 square feet and was sold for $5,700,000, resulting in a price per square foot of $122. Rocket Lister has acquired the building with plans to use part of it as its headquarters while leasing out the remaining space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
- Property Address: 4625 Wendler Drive
- Market: Tempe, AZ
- Square Footage: 46,804
- Price per Square Foot: $122
- Buyer: Rocket Lister
- Seller: Batch Leads
- Brokers: Kurt Kerner & Connor Maloney - Kidder Mathews
Kurt Kerner and Connor Maloney represented the buyer, Rocket Lister, in this transaction. The seller, Batch Leads, engaged in this deal with the purpose of transferring ownership of the office asset to the buyer.
Players
Tempe Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93