NOT LISTED FOR SALE

1783 W University Dr Unit 136 Tempe, AZ 85281

West Tempe Neighborhood
-- Bed
-- Bath
56,607 Sq Ft
4.03 Acres

Last Sold March 01, 2020

Last sale price $1,674 $0 Per Sq Ft

7 Days on Market

About This Home

As of March 2020

• Industrial Flex Space Available for Sublease
• +/- 1,800 SF
• $0.93 PSF Industrial Gross until September 30, 2020
• $0.96 PSF Industrial Gross until September 30, 2021
• 26' x 31' Warehouse
• 100% Air Conditioned Warehouse
• Located near Retail and Business Amenities, Including ASU Campus and Sky Harbor International Airport
• Convenient Access to Both the I-10 and 143 Freeways

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 02/17/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 1980

Lot Details

  • 4.03 Acre Lot
  • Property is zoned GID

Home Design

  • 56,607 Sq Ft Home

Flooring

  • Carpet
  • Concrete

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Paved Parking

Listing and Financial Details

  • Property Available on 2/17/20
  • The owner pays for (see remarks)
  • Assessor Parcel Number 124-60-006-E

Property Details

Property Type

Other

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: W University Dr & S 52nd St
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: GID
  • Lease Info Annual Lease Price: 20088.0
  • Lease Info Annual Lse Prc P S F: 11.16
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1.5
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 1800
  • Year Built: 1980
  • Tax Year: 2019
  • Lot Size Acres: 4.03
  • Structure Type: Industrial
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 56607.0

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 175329.0
  • Additional Parcels: No
  • Parcel #: 124-60-006-E
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-02-17

Multi Family

  • Owner Pays: Other (See Remarks)
  • Tenant Pays: See Remarks
  • Existing Lease Type: Gross
  • Leasable Area: 1800.0

Tax Info

  • Tax Annual Amount: 57481.0
  • 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

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
$18,712,101
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 1996
Sold by
Ps Partners Vi Ltd
Bought by
American Office Park Properties Lp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
American Office Park Properties Lp $7,200,000 Chicago Title Insurance Co
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
03/01/2020 03/01/20 Sold $1,674 0.0% $0 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $1,674 -- $0 / Sq Ft
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 $58,049 $502,512 -- --
2024 $59,087 $493,538 -- --
2023 $59,087 $1,008,542 $92,599 $915,943
2022 $58,345 $1,085,071 $192,413 $892,658
2021 $60,427 $1,079,118 $180,882 $898,236
2020 $58,593 $923,364 $153,234 $770,130
2019 $57,481 $913,194 $144,594 $768,600
2018 $56,054 $677,322 $212,202 $465,120
2017 $54,385 $617,220 $196,488 $420,732
2016 $54,003 $572,202 $181,926 $390,276
2015 $53,308 $406,150 $170,922 $235,228
Source: Public Records

Agents Affiliated with this Home

  • Tanner Milne

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    (480) 282-2225

    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6038399

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-60-006E

Arizona Maricopa County Tempe 85281 West Tempe

1783 W University Dr Unit 136, Tempe, AZ

This home is located at 1783 W University Dr Unit 136, Tempe, AZ 85281 since 17 February 2020. This property was built in 1980. 1783 W University Dr Unit 136 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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