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1775 E University Dr 18,436 SF of Flex Space Available in Tempe, AZ 85281
Highlights
- $1.5M in interior & exterior improvements in 2024
- Close to ASU, Sky Harbor Airport & three freeways
- Great location at University & McClintock in Tempe
- Building signage facing University Drive possible
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 100 | 18,436 SF | 5 Years | $16.68 /SF/YR $1.39 /SF/MO $307,512 /YR $25,626 /MO | Triple Net (NNN) |
1st Floor - 100
This is a showroom/office/warehouse space. $1.5M in interior and exterior improvements in 2024. There are 3 private offices on the ground level and 4 on the 2nd level. Three offices have private restrooms. Very high end finishes making this suitable as a corporate headquarters. There is an executive break room and a large break room for employees, both with full kitchens. The showroom area has sliding glass doors that open up. There are two flexible use spaces next to the showroom that could be used to expand the showroom. The warehouse was upgraded to 100% air conditioning in 2024. See page 4 in the brochure for all the Property Highlights. There is an adjacent retention area that could be used creatively as a temporary display or demonstration area. Currently owner-occupied. The owner will be moving to a new location in December 2026 and anticipates this being ready for occupancy in January 2027. There may be expansion potential in the future when the lease on the adjacent space ends.
- Lease rate does not include utilities, property expenses or building services
- Includes 5,400 SF of dedicated office space
- Space is in Excellent Condition
- Showroom with sliding glass doors that open up.
- Very high end finishes in the offices
- 100% air conditioned warehouse w/ epoxy floor
- Executive & employee break rooms with kitchens
- Could make a great corporate headquarters
- Available for occupancy in January 2027
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 18,436 SF | Year Built/Renovated | 2006/2024 |
| Property Type | Retail | Parking Ratio | 2.7/1,000 SF |
| Gross Leasable Area | 21,136 SF |
| Total Space Available | 18,436 SF |
| Property Type | Retail |
| Gross Leasable Area | 21,136 SF |
| Year Built/Renovated | 2006/2024 |
| Parking Ratio | 2.7/1,000 SF |
About the Property
The subject property is a high quality, well located Showroom/Office/Warehouse that was built in 2006. The total square footage of the building is 21,136.
- Air Conditioning
Nearby Major Retailers
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1775 E University Dr
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