777 Novus (2026) — Sale in Tempe, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Tempe, AZ 85281
  • Year built: 2020

Photos

777 Novus (2026) — Sale in Tempe, AZ, photo 1 of 6
777 Novus (2026) — Sale in Tempe, AZ, photo 2 of 6
777 Novus (2026) — Sale in Tempe, AZ, photo 3 of 6
777 Novus (2026) — Sale in Tempe, AZ, photo 4 of 6
777 Novus (2026) — Sale in Tempe, AZ, photo 5 of 6
777 Novus (2026) — Sale in Tempe, AZ, photo 6 of 6

Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the leasehold interest offering for 777 Tower at the Novus Innovation Corridor (the “Property”), a 161,623 square foot, trophy office asset located in the heart of Arizona State University’s North Tempe campus at the intersection of Rural Road & University Drive in Tempe, Arizona. Situated on a fully prepaid ground lease with 92 years remaining* and currently 100% leased, the asset provides investors with a unique combination of stable in-place cash flows, credit tenancy, and the opportunity to acquire a Class-A office building within one of the nation’s top-performing office submarkets. Positioned within the Novus Innovation Corridor, a 355 acre site at the northeast corner of Arizona State University’s Downtown Tempe campus, the Property serves as a strategic asset within the innovation hub. This zone represents one of eight innovation sites ASU has significantly invested in, providing global businesses—ranging from startups to Fortune 500 corporations—direct access to the university’s innovation programs. Through collaborative partnerships, ASU enables companies to achieve accelerated growth and scaling while building dynamic business ecosystems that drive research excellence and transformative impact. As one of the newest office deliveries in North Tempe, the Property’s state-of-the-art building features, characterized by premier design quality, contemporary architecture and landscaping, and advanced smart building infrastructure, position it as a top choice for businesses seeking prestigious and functional office space in one of Metro Phoenix’s most coveted commercial districts. 777 Tower provides investors with an exceptionally high-quality, low-risk investment opportunity, poised for immediate rental growth and long-term value appreciation.

Market Context

This office in Tempe, AZ is listed for sale. The building dates to 2020. Compare it against other office listings for sale in Tempe, AZ — view the full market.

As of Q2 2026, the Phoenix office market showed a 23.4% vacancy rate, average asking rents near $31.67/SF/yr, and rents up 2.2% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Phoenix office market tightening or softening?
Vacancy is around 23.4%, with asking rents rising year over year (Q2 2026).

Contact

Explore this market

Similar Office for Sale in Tempe, AZ