Property profile

1605 University Dr Tempe, AZ 85281

OFF-MARKET
Warehouses
64,072 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Total area 64,072 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tattoo & Piercing Shop
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Computer & Electronic Repair
  • Industrial Park Production Facility
  • Plumbing Service General Contractor

Location

1605 University Dr Tempe, AZ 85281
Tempe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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