5118 University Ave, Phoenix, AZ 85001

Description

Turnkey property with professional management in place. Ideal for investors seeking passive income.

Building Size

57,931 SF

Lot Size

77,610 SF

Year Built

2015

For Sale

Verified

Asking Price

$18,610,000

Net Operating Income

Pro Forma

$1,116,600

Gross Income$1,563,240

Operating Expenses$446,640

Vacancy Rate7%

Cap Rate

Occupancy: 93%

1031 Eligible

For Lease

Verified

Rent Price

Call for Offers/SF/yr

Lease TypeNNN (Triple Net)

Available2025-05-01

Min Divisible4,429 SF

Max Contiguous16,031 SF

Listed by

Mike Johnson

investor

Last verified: 4/23/2026