Listing Agency: J***@cbre.com Show Phone

Listed By: James Cohn Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 17 Last Checked: Aug 21 at 10:40AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of James Cohn

Investment Insights

Based on property information with market context.

This industrial park consists of three Class A buildings, offering a total of approximately 298,240 square feet of space.

Key Highlights

• Class A Industrial Park
• Totaling ±298,240 SF
• 3‑Building Complex

Property Analytics

Property Profile

Current Use

Shine In the Heights Hair Salon Caskwerks Hand Sanitizer ... Big Box & Wholesale Store Arizona Golf Works Golf Course HOPKINS GOLF Golf Course Reliable Parts Big Box & Wholesale Store

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Food Market Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,536

Businesses Nearby

Explore this area Business Placement

Demographics for 85281, AZ

69,218

Population

32,475

Households

2.1

Avg Household Size

26

Median Age

49%

College-Educated

91%

High-School Grad

13.3 sq mi

ZIP Area

5,204

Density / Sq Mi

$59,084

Median Household Income

$32,805

Median Earnings

$1,531

Median Rent

$364,200

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$16.4 /SF/Yr

Avg Asking Price

$13.5–$22 /SF/Yr

Price Range

28,981 SF

Avg Space Size

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - Three-building industrial park totaling approximately 298,240 square feet.

Where is this industrial property located?

The property is located at 1920 West University Drive Tempe, AZ.

What are key features of this property?

This property features: Class A Industrial Park; Totaling ±298,240 SF; 3‑Building Complex