Tempe Infill IOS Investment
For Sale
Contact for pricing
1815 E 3rd St, Tempe, AZ 85288
1.32-acre property in Tempe with redevelopment potential.
Property Size1,956 SF
Lot Size1.32 Acres
Price / SF$1,482
Days on Market176
Property Features for 1815 E 3rd St
General Information
Standard status
Active
Size
1,956 SF
Lot size
1.32 Acres
Property subtype
Industrial, Land
Zoning
GID, City of Tempe
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$179,965
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Rein & Grossoehme Commercial Real Estate
Listed By:
Max Schumacher, SIOR · License #SA678600000
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 10 at 1:53PM
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 Rein & Grossoehme Commercial Real Estate
Investment Insights
Based on property information with market context.
This approximately 1.32-acre infill investment property is located in Tempe, adjacent to Arizona State University. The site is surrounded by ongoing multifamily and mixed-use development. It is currently fully leased to Collision Xperts under a single-tenant NNN lease, expiring in December 2028. The current rate is $14,997.15 per month, with 3.5% annual increases. The asset generates $179,965 in Year 1 NOI and is offered at a 6.21% cap rate. Improvements include an approximately 1,056 square foot office, an approximately 900 square foot canopy structure, and a fully asphalt-paved and reinforced concrete yard. The site is fully fenced and secured, with immediate access to Loop 101 and 202, connecting to the entire Valley freeway network. The property offers in-place cash flow with significant redevelopment upside in one of Metro Phoenix's most supply-constrained and land-scarce submarkets.
Key Highlights
- Prime infill location in Tempe, adjacent to Arizona State University, with high demand.
- Significant redevelopment potential due to surrounding multifamily and mixed‑use development.
- In‑place cash flow with a fully leased property generating $179,965 Year 1 NOI and a 6.21% cap rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - 1.32-acre property in Tempe with redevelopment potential.
Where is this industrial land located?
The property is located at 1815 E 3rd St Tempe, AZ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime infill location in Tempe, adjacent to Arizona State University, with high demand.; Significant redevelopment potential due to surrounding multifamily and mixed‑use development.; In‑place cash flow with a fully leased property generating $179,965 Year 1 NOI and a 6.21% cap rate.
