NOT LISTED FOR SALE

1755 W University Dr Unit 115-117 Tempe, AZ 85281

West Tempe Neighborhood
-- Bed
-- Bath
-- Sq Ft
2 Acres

Last Sold July 23, 2023

Last sale price $3,550

30 Days on Market

Highlights

  • 2 Acre Lot
  • Community Kitchen
  • Concrete Flooring

About This Home

As of July 2023

SUB-LEASE - Up to 40 months. Tenant has grown out of the space. Beautifully built out office with approx. 30% warehouse with roll up door. 2 private offices, conference room, reception, Kitchen/break room, bull pen. High visibility prime end cap facing University. Move in Ready. Industrial gross lease. Tenant pays utilities DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000 Listed on: 06/12/2023

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000 Listed on: 06/12/2023

Keller Williams Realty Sonoran Living

Property Details

Property Type

  • Other

Year Built

  • Built in 1985

Lot Details

  • 2 Acre Lot
  • Property is zoned I-1

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Heat Pump System
  • 220 Volts

Listing and Financial Details

  • Property Available on 7/1/23
  • Assessor Parcel Number 124-60-006-D

Community Details

Overview

  • 12 Buildings
  • University 1 Industrial Park Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Property Details

Property Type

Other

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 52nd St. and University
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: I-1
  • Bay Info Bay Door Height: 10.0
  • Bay Info Max Span Lineal Ft: 30.0
  • Current Use: Service Business, Office, Warehouse
  • Number Of Buildings: 12
  • Lease Info Annual Lease Price: 42600.0
  • Lease Info Annual Lse Prc P S F: 14.2
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 3-5
  • Lease Info Space Divisible: No
  • Lease Info Suite Floor Location: Ground
  • Lease Info Suite Size Avail Max: 3000
  • Year Built: 1985
  • Tax Year: 2022
  • Directions: From 143 and University. East past 52nd St. University Park 1 on South side of street
  • Lot Size Acres: 2.0
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: University 1 Industrial Park
  • Structure Type: Commercial, Industrial, Office
  • Tax Parcel Letter: D
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter, 220 Volts
  • Cooling: Heat Pump, Warehouse Evap, Office A/C
  • Heating: Heat Pump
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size Sq Ft: 87294.0
  • Additional Parcels: No
  • Parcel #: 124-60-006-D
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2023-07-01

Multi Family

  • Leasable Area: 3000.0

Tax Info

  • Tax Annual Amount: 9956.0
  • Tax Book Number: 124.00
  • Tax Map Number: 60.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2014
Sold by
Ps Business Parks Lp
Bought by
Gateway Pbp Uni I Llc
Total Days on Market
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,800,000
Outstanding Balance
$18,609,790
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gateway Pbp Uni I Llc $15,811,693 Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gateway Pbp Uni I Llc $23,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2023 07/23/23 Sold $3,550 0.0% --
07/13/2023 07/13/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $3,550 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,526 $47,840 $47,840 --
2024 $5,625 $46,985 $46,985 --
2023 $5,625 $46,104 $46,104 $0
2022 $9,956 $95,795 $95,795 $0
2021 $10,311 $90,054 $90,054 $0
2020 $9,998 $76,284 $76,284 $0
2019 $9,808 $71,982 $71,982 $0
2018 $13,373 $105,642 $105,642 $0
2017 $12,975 $97,812 $97,812 $0
2016 $12,884 $90,576 $90,576 $0
2015 $12,718 $85,100 $85,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Hammond

    Seller's Agent in 2023

    Jon Hammond

    Keller Williams Realty Sonoran Living

    (480) 444-7200

    1 in this area

    26 Total Sales

    Jon Hammond
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6567887

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-60-006D

Arizona Maricopa County Tempe 85281 West Tempe

1755 W University Dr Unit 115-117, Tempe, AZ

This home is located at 1755 W University Dr Unit 115-117, Tempe, AZ 85281 since 12 June 2023. This property was built in 1985. 1755 W University Dr Unit 115-117 is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Phoenix International Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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