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    1605 University Dr Tempe, AZ 85281

    Sponsored
    For Lease
    $19 SF/Yr

    Versatile Tempe industrial space for lease.

    Lot size:
    64,072 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Gateway University Park II, located at 1605 W University Dr, Tempe, AZ 85281, offers ±64,072 square feet of flexible commercial space. This Maricopa County property features a mix of office and industrial-flex units, ideal for various businesses. Currently, there are two available spaces ranging from approximately 1,728 to 1,750 contiguous square feet, with a minimum divisible space of 1,728 square feet. The building boasts three-phase power and ample parking (3.46 spaces per 1,000 square feet). The property is zoned GID and enjoys a prime location near Sky Harbor Airport, offering excellent visibility on University Drive. Units feature solar-tinted glass storefronts and individual suite signage. The lease structure is an industrial gross lease with a base year, including HVAC and evaporative cooler maintenance as part of the base year operating expenses. This is a fantastic opportunity to secure versatile, well-located commercial space in a thriving Tempe market. The property is easily accessible and benefits from high visibility, making it an attractive option for businesses seeking a prominent location.

    Property Features for 1605 University Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,072 SF
    Total Rate
    102515.2

    Unit(s) available at that property

    Space
    Suite 113
    Size
    2,700 SF
    Rate per SF
    $19
    Space
    Suite 108
    Size
    1,750 SF

    HighLights

    • ±64,072 SF of flexible commercial space in Tempe, AZ, offering office and industrial‑flex units.
    • Two available spaces, approximately 1,728 - 1,750 contiguous SF, minimum divisible space 1,728 SF.
    • Building features three‑phase power and 3.46 parking spaces per 1,000 SF.
    • GID zoning, excellent visibility on University Drive, near Sky Harbor Airport.
    • Units include solar‑tinted glass storefronts and individual suite signage; industrial gross lease with HVAC and evaporative cooler maintenance included in base year operating expenses.
    • Located 0.25 miles from Hohokam SR 143, 0.5 miles from I‑10, 1 mile from ASU, I‑17, and Loop 202, and 4 miles from Loop 101.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cookies From Home Tattoo Shop SuperCru Computer Service Desert Computer Solutions Computer Repair Service जीवराजसिहनगर बालेसर सत्ता Mining Company Holtzman Home Improvement ... Plumber

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9647783
    Latitude
    33.4214256

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    FAQs

    What type of property is this?
    Flex space - Versatile Tempe industrial space for lease.
    Where is this flex space located?
    The property is located at 1605 University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $0.00-$19 SF/Yr.
    What are key features of this property?
    This property features: ±64,072 SF of flexible commercial space in Tempe, AZ, offering office and industrial-flex units.; Two available spaces, approximately 1,728 - 1,750 contiguous SF, minimum divisible space 1,728 SF.; Building features three-phase power and 3.46 parking spaces per 1,000 SF.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1605 University Dr Tempe, AZ 85281
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