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425 S Mill Ave
Tempe, AZ 85281 Downtown Tempe

Rate Upon Request

Office For Lease  •  5,028+ SF

Property Details

  • Property Type Office
  • Year Built 2008
  • Total Building Size 22,209 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning CC
90 Transit Score
60 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 101 Retail 5,028 SF Rate Upon Request
425 South Mill Avenue presents a rare owner-user opportunity positioned in the heart of Downtown Tempe’s bustling Mill Avenue District. This four-story mixed-use property combines modern office areas with ground-level retail, offering an excellent footprint for a branded headquarters with additional income potential through retail activation. Constructed with institutional-quality materials, the building features creative loft-style finishes including exposed brick and expansive glass, creating a dynamic work environment that resonates with today’s innovative companies. Situated in one of Metro Phoenix’s most supply-constrained submarkets, the property benefits from heavy pedestrian activity—more than 30,000 people daily—and visibility along an iconic commercial corridor. Its unparalleled connectivity to Arizona State University, a major economic driver, and proximity to regional freeways such as I-10, Loop 202, and Loop 101 amplify long-term positioning for growth and desirability.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Retail
  • Space Type: Relet
2nd Floor Ste 201 Office 5,472-11,425 SF Rate Upon Request
425 South Mill Avenue presents a rare owner-user opportunity positioned in the heart of Downtown Tempe’s bustling Mill Avenue District. This four-story mixed-use property combines modern office areas with ground-level retail, offering an excellent footprint for a branded headquarters with additional income potential through retail activation. Constructed with institutional-quality materials, the building features creative loft-style finishes including exposed brick and expansive glass, creating a dynamic work environment that resonates with today’s innovative companies. Situated in one of Metro Phoenix’s most supply-constrained submarkets, the property benefits from heavy pedestrian activity—more than 30,000 people daily—and visibility along an iconic commercial corridor. Its unparalleled connectivity to Arizona State University, a major economic driver, and proximity to regional freeways such as I-10, Loop 202, and Loop 101 amplify long-term positioning for growth and desirability.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Full Service Gross
  • Built out as: Standard Office
  • Space Type: Relet

Description

Located on the iconic northeast corner of 5th Street & Mill Avenue in the heart of downtown Tempe, 425 S. Mill Avenue, Suite 201 offers ±11,425 SF of loft-style, modern office space designed for today’s creative users. The recently renovated suite features exposed brick, concrete flooring, floor-to-ceiling glass, and a private tenant amenity patio delivering an authentic, tech-forward workspace experience. With a Walk Score of 90 and immediate access to Mill Avenue’s dining and retail, the property provides unmatched urban convenience. Just minutes from I-10, Loop 202, Loop 101, and less than a mile from Tempe Town Lake, this location offers seamless connectivity across the Valley.

Highlights

Walking distance to Arizona State University

Property Flyers

Amenities

  • Roof Terrace

Major Tenants

Tenant SF Occupied Lease End Date
Beni Fit
Cornish Pasty Co
Elite Cuts & Clothes 7/1/2026
Grab N Go
Hub On Campus
Kung Fu Tea
Railway Technologies Llc
SEI
Thomas Brodie Inc

Public Transportation

Transit/SubwayDriveWalkDistance
Sixth St/Mill (Valley Metro Streetcar - Valley Metro (Phoenix Light Rail)) 1 min 1 min 0.1 mi
Mill Ave/3Rd St (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 0 min 3 min 0.1 mi
Fifth St/Ash (Valley Metro Streetcar - Valley Metro (Phoenix Light Rail)) 1 min 4 min 0.3 mi
Third St/Ash (Valley Metro Streetcar - Valley Metro (Phoenix Light Rail)) 1 min 5 min 0.3 mi
Tempe Transportation Center (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 10 min - 4.9 mi
Phoenix-Mesa Gateway 36 min - 24.1 mi
Chris Latvaaho 602-952-3832 Newmark
Chris Latvaaho 602-952-3832 Newmark