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Industrial Warehouse
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824 E University Dr, Phoenix, AZ 85034

Warehouse space is offered under a sublease structure with NNN lease terms.

Space Size77,912 SF
Lot Size3.90 Acres
Days on Market234

Property Features for 824 E University Dr

General Information

Standard status Active
Size 77,912 SF
Net Rentable 77,912 SF
Lot size 3.90 Acres
Property subtype INDUSTRIAL
Lease Type NNN

Space & Availability

Available Space 77,912 SF
Contiguous Space 77,912 SF
Space Use Warehouse
Sublease Yes

Lease Terms

Lease Rate $0.75 /USD/SF/MO
Monthly Rent $58,434
Rent per SF/Year $9

Building Details

Building Size 77,912 SF

Spaces For Lease

at 824 E University Dr Contact us

824 E University Dr

Floor
Bldg
Size
77,912 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
Yes
- Industrial warehouse for sublease at 824 East University Drive in Phoenix. - Building...
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Listing Agency: Colliers | Phoenix
Listed By: Rob Martensen, CCIM, SIOR
Source: Moodyscre
Added: Jan 19 Changed: Sep 2 Last Checked: Sep 9 at 7:53AM

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 Colliers | Phoenix

Investment Insights

Based on property information with market context.

This warehouse property comprises approximately 77,912 square feet across approximately 3.9 acres. The offering is structured as a sublease, with the master lease scheduled to end on March 31, 2027.

The property is located at 824 E University Dr in Phoenix, Arizona. NNN lease terms apply.

Key Highlights

  • Approximately 77,912 square feet of warehouse space
  • Approximately 3.9 acres
  • Sublease opportunity

Property Analytics

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Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Nail Salon Spa & Massage Center

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

450
Businesses Nearby
Balanced
Demand for This Use

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
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$11.97 /SF/Yr
Avg Asking Price
$2.73–$18 /SF/Yr
Price Range
39,751 SF
Avg Space Size

This space is priced 25% below the average of $11.97 /SF/Yr.

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019
8.1% 2020
5% 2021
4.4% 2022
8.9% 2023
12.2% 2024
12.7% 2025
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Similar Off Market Nearby

  • Iron Mountain 2202 S 7th St suite C, Phoenix, AZ 85034

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse space is offered under a sublease structure with NNN lease terms.
Where is this warehouse located?
The property is located at 824 E University Dr Phoenix, AZ.
What are key features of this property?
This property features: Approximately 77,912 square feet of warehouse space; Approximately 3.9 acres; Sublease opportunity
(602) 499-7072 Call to check price and availability
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