Private Investor Acquires Tempe Office Building For $13.9M

A private investor has purchased a 94,916-square-foot industrial/flex office building in Tempe, Arizona, from Lacera for $13.9 million. The property, located at 8160 S. Hardy Drive, offers an attractive investment opportunity in the Tempe market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $13,900,000
• Square Footage: 94,916
• Price per Square Foot: $146
• Address: 8160 S. Hardy Drive, Tempe, AZ
• Market: Tempe, AZ

The buyer, represented by Marcus Muirhead from Lee & Associates, recognized the value in this industrial/flex office building and pursued the acquisition. On the other hand, Christopher Toci, Eric Wichterman, Mike Coover, and Steve Lindley from Cushman & Wakefield represented the seller, Lacera, in this transaction.