Centerpoint on Mill

Centerpoint on Mill

640 South Mill Avenue, Tempe, AZ, USA

offer for sale Centerpoint on Mill. The offering is currently 92.9% occupied and is comprised of 105,188 square feet of retail space and 21,761 square feet of office space, located in the heart of downtown Tempe, Arizona.

This unique investment opportunity is located in the heart of downtown Tempe, Arizona and is at the center of gravity for Arizona State University’s (ASU) entertainment district. ASU’s main
campus, where over 54,000 students are enrolled sits directly across the street from the Property. Centerpoint on Mill offers a vibrant street retail environment with a complimentary mix of national and local restaurants, bars, retail and movie theatre space. Notable tenants include AMC Theatres, Five Guys, Jimmy John’s, Mellow Mushroom, Hot N Juicy Crawfish and Great Clips to name a few.

Also noteworthy, is a landlord termination clause in the AMC lease which would allow for the development and densification of that parcel into multi-family (student) housing.

Centerpoint on Mill is located on one of the most dynamic streets in the state of Arizona. The offering includes of five distinct buildings and is situated on approximately 6.19 acres. In addition to its proximity to ASU, the Property is engulfed by significant new high rise development. Since 2010, there has been more than 3,000,000 square feet of office constructed, 4,000+ multi-family units, 1,000+ hotel rooms and over 9,000 student housing beds all within the immediate vicinity of the asset.

Centerpoint on Mill is located adjacent two Chase Bank office buildings housing 2,377 employees and 376,482 square feet, and also adjacent to the 120,000 square-foot Arizona State University Career Center. West Sixth Luxury Apartments also sits just to the west of the Property with 375 units.

Centerpoint on Mill offers a rare, unique opportunity to acquire a high quality, mixed-use development in highly sought after Tempe, Arizona.

Property Summary

Site Area6.19 Acres
GLA (SF)126,949 SF
AnchorAMC Theatres

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