Property Listing No Longer Available for Sale

2000 W University Dr, Tempe, AZ

Industrial for Sale - $1,900,000 - 19,800 Sq. Ft.


Property Info

CIMLS#134263
Location
  2000 W University Dr
  Tempe AZ 85281
UpdatedApril 22nd, 2011
TypeIndustrial
Price$1,900,000
Building19,800 Sq. Ft.

Property Description

LOCATION:

Located east of Sky Harbor International Airport, the northwest Tempe market is centrally located in the Phoenix MSA, and offers quick access to the entire valley. 2000 W. University features excellent frontage and signage exposure to University Drive commuters. The immediate area serves as a professional business district, with a variety of business types, including office, research and development, manufacturing and corporate headquarters.

FEATURES:

This 1993 built Showroom/Flex property is located in the University Industrial Park, within the north Tempe submarket in Tempe, AZ. The property will be leased back from the seller starting at $7.27/SF NNN, which calculates to a Cap Rate of 8%. Excellent terms, rent escalations and a prime location make this a unique opportunity to acquire Showroom/Flex property in one of the most desirable and rapidly growing submarkets in the Southwest. Interior finishes are of Class A quality, offering an attractive, "pride of ownership" investment.


Financials