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Office Suite with Secure Yard
For Lease
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3731 East University Drive, Phoenix, AZ 85034

Office space includes private offices and conference rooms, plus a secure, fenced gravel yard with parking.

Space SizeContact for details
Lot Size0.42 Acres
Days on Market69

Property Features for 3731 East University Drive

General Information

Standard status Active
Total Parking Spaces 19
Lot size 0.42 Acres
Property subtype Industrial
Zoning A-1
Lease Type NNN

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes
Outdoor Storage Yes

Building Details

Year Built 1987
Listing Agency: CBRE | Phoenix
Listed By: Mike Parker
Source: Cbre
Added: Jul 3 Changed: Sep 2 Last Checked: Sep 9 at 6:04AM

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 CBRE | Phoenix

Investment Insights

Based on property information with market context.

This offering includes approximately 4,000 SF of office space with seven private offices and two conference rooms, built in 1987. In addition, there is approximately 18,280 SF of secure, fenced gravel yard space suitable for on-site storage or staging. The property also features 19 parking stalls, including eight covered stalls.

The site is located in central Sky Harbor with full diamond interchange access to the I-10 freeway at 32nd St and 40th St. The property is zoned A-1 (City of Phoenix).

For leasing, the stated lease rate is $10,500 per month on an NNN basis, with OpEx estimated at approximately $1,200 and utilities to be paid by the tenant.

Key Highlights

  • ±4,000 SF office with 7 private offices and 2 conference rooms
  • ±18,280 SF secure, fenced gravel yard space included
  • Central Sky Harbor location with I‑10 full diamond interchange access at 32nd St & 40th St

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Locksmith Wine and Liquor Store

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

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 85034, AZ

5,033
Population
2,901
Households
1.7
Avg Household Size
32
Median Age
32%
College-Educated
81%
High-School Grad
11.6 sq mi
ZIP Area
434
Density / Sq Mi
$53,545
Median Household Income
$43,236
Median Earnings
$1,205
Median Rent
$397,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Phoenix, AZ

$17.83 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
7,984 SF
Avg Space Size

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space includes private offices and conference rooms, plus a secure, fenced gravel yard with parking.
Where is this office units located?
The property is located at 3731 East University Drive Phoenix, AZ.
What are key features of this property?
This property features: ±4,000 SF office with 7 private offices and 2 conference rooms; ±18,280 SF secure, fenced gravel yard space included; Central Sky Harbor location with I‑10 full diamond interchange access at 32nd St & 40th St
More about this property
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