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Tempe Office Building Sells for $122/sf

12/22/25

In a recent AZ Office trade, Rocket Lister purchased a two-story, 46.8k sf building in Tempe for $5.7 mil ($122/sf). Rocket Lister, a Phoenix-based residential real estate marketing company, will use a portion of the building for its headquarters and lease the remaining space to other tenants

The building, located at 4625 S. Wendler Dr, will benefit from more than $1 mil in newly completed Class A tenant improvements funded by the previous owner. Situated in the heart of Tempe’s business center, the building offers immediate access to the I-10 Freeway and U.S. Route 60. The property also features prominent freeway visibility and signage opportunities—key advantages for growing companies within the Phoenix metro area.

Kurt Kerner and Connor Maloney with Kidder Mathews represented Rocket Lister in the transaction and will stay on to manage leasing. The seller was Batch Leads.

“With Tempe’s pro-business environment and unmatched freeway access, well located office properties like this continue to stand out and attract companies who are expanding their footprint in Arizona,” said Maloney. “Since closing, several large tenants have already toured the building, reinforcing the strong demand for high-quality office space in Tempe.”

This sale also marks a significant transition for what was once a three-building office park. The property at 4625 S. Wendler Drive is the last remaining on the site that continues to serve as office space. The middle building was previously demolished to create additional parking capacity, and the north building is currently in escrow with a developer planning a 55k sf, build-to-suit industrial project. As the final office asset in the park, this transaction reflects the broader market shift and helps reduce excess office supply while supporting rising demand for industrial space in Tempe.




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