Tempe Industrial Property Sells for $1.3 Million in Smith Innovation Hub

TEMPE, AZ (November 4, 2025) — Nick Miner, CCIM, and JT Taylor of ORION Investment Real Estate announce the sale of a ±7,676-square-foot industrial building located in Tempe’s highly sought-after Smith Innovation Hub Industrial Park—the property sold for $1,300,000, or approximately $165 per square foot.

This owner/user sale presented several challenges, the most significant being the condition of the property—it was delivered as a complete shell.

Situated on ±0.44 acres (±19,166 SF), the building highlights the continued demand for quality industrial space within Tempe’s thriving business ecosystem. Originally constructed in 1964 and shelled/cleaned in 2023, the property features 12-foot clear height, four 10’ x 10’ roll-up doors, and planned 800 AMP power service. Zoned GID within the City of Tempe, the site allows flexibility for a range of industrial or light manufacturing uses, with outside storage adding further operational value.

“We had this property in escrow a couple of different times—from groups seeking to assemble and redevelop the site with adjacent parcels to owner/users looking to occupy it for their business
operations, ” said Nick Miner, CCIM.

JT Taylor added, “The buyer was ultimately selected because they are a general contractor who plans to utilize the property as a cabinetry showroom and staging area.”

The purchaser intends to occupy the facility for their own business operations, benefiting from its central location and access to the Valley’s extensive freeway network and skilled workforce.

For more information about this sale or to inquire about other opportunities, please contact Nick Miner, CCIM, or JT Taylor at ORION Investment Real Estate.

The seller, 205 McClintock, LLC, was represented by Nick Miner, CCIM, and JT Taylor of ORION Investment Real Estate.

The buyer, 3.2.1 Flooring and Construction, LLC, was self-represented.