University Park

Off Market

2323 West University Drive, Tempe, AZ 85281

  • Office
  • General Office
  • 64,000 Sqft

University Park, Tempe, AZ 85281 - Office Space

University Park is located at 2323 West University Drive in the Peterson Park neighborhood, AZ, Tempe, 85281. The Class B Office building was completed in 2005 and features a total of 64,000 Sqft.

There are 102 office spaces for lease in the Peterson Park neighborhood, totaling 1,715,604 Sqft of available office space. The office space availability for the 85281 zip code is 1,825,816 Sqft, in 121 office spaces. The average asking office rent per sq. ft. in Peterson Park is $22.74/sqft/year. For Class A office buildings the average office rate is $28.1/sqft/year, for Class B office buildings the average office rate is $19.06/sqft/year, for Class C office buildings the average office rate is $14.75/sqft/year.

In Peterson Park, there are 46 class B office buildings. In Peterson Park, there are a total of 10 LEED certified office buildings. In 2005, the same year University Park was built, 13 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Tempe, featuring 791,714 square feet of commercial space. At zip code level, there are 131 commercial properties, of which 81 are office buildings over 50,000 square feet.

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Details

  • City Tempe
  • Neighborhood Peterson Park
  • Zip Code 85281
  • Market Phoenix
  • Property Type Office - General Office
  • Property Size 64,000 Sqft
  • Lot Size 4.92 Acre
  • Parking Spaces Avail. 256
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2005
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com

FREQUENTLY ASKED QUESTIONS

What is the total square footage of University Park?

University Park totals 64,000 square feet.

When was this property built?

University Park was built in 2005.

Peterson Park Demographics

The average household income in zip code 85281 is $49,843, from a total of 23,822 households. In terms of employment, there are 86.17 % white-collar and 13.83 % blue-collar jobs in zip code 85281.

Population

  • Total Population37,105
  • Male Population(54.6 %) 20,275
  • Female Population(45.4 %) 16,830
  • Median Age28.00

Income/Financial

  • Average Household Income$57,073
  • Median Household Income$44,578
  • Median Income Under 25$24,628
  • Median Income 25-44$52,611
  • Median Income 45-64$53,980
  • Median Income Over 65$44,180