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Arizona investor David McHenry acquired the two-story Tempe office property at 8700 S. Price Road in Tempe for $7.26 million. The 132,000-square-foot building, formerly occupied by Arizona tech giant Avnet Inc., sits within the 2.2 million-square-foot ASU Research Park, a hub for technology and corporate tenants. The land where the property is located is owned by ASU. The lessee pays a $390,000 annual lease payment.