2077 E University Dr | Tempe, AZ 85281
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- LoopNet Team
2077 E University Dr
Tempe, AZ 85281
Trophy Tesla Net Lease Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare 2.75% annual rent increases - ideal hedge against inflation
- Tesla has spent millions of dollars on building upgrades to accommodate the large showroom and service center
- Across from a 300+ acre office and industrial park including “The Circuit” – a newly renovated 185k SF Class-A Office Campus
- Strong corporate guaranty with Tesla, Inc.
- Tesla exercised an early option in 2020, showing commitment to the site
- Frontage on University Dr and less than 2 miles from Arizona State University (±51,144 on campus students)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
42,281 SF
Building Class
B
Year Built/Renovated
1993/2016
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.36
Lot Size
2.68 AC
Zoning
CSS - Commercial
Parking
89 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
656’ on University Dr
AMENITIES
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 132-68-003C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $923,454 |
PROPERTY TAXES
Parcel Number
132-68-003C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$923,454
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