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7077 E Bell Road - Scottsdale Bell - Scottsdale Crossing, Scottsdale, AZ

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DetailMap
7077 E Bell Road - Scottsdale Bell - Scottsdale Crossing

SWC Scottsdale Rd & Bell Rd
Scottsdale, AZ 85254-1513 - North Scottsdale Ret Submarket

(9.4 MB)

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1999
Building Size:44,607 SF Land Area:3.6 AC (156,903 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:4,400 SF Largest Space:7,800 SF Total Space Avail:12,200 SF Rent/SF/Yr:
$23.50
Parking:176 Surface spaces are available; 57 Covered spaces are available; Ratio of 3.83/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
7,800 SF
$23.50/SF/Yr
Vacant
3-5 yrs
Office/Medical
 2nd
4,400 SF
$23.50/SF/Yr
Vacant
3-5 yrs
Office/Medical
 
5613078
8389253
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
7,800 SF
$23.50/SF/Yr
Vacant
3-5 yrs
Office/Medical
2nd
4,400 SF
$23.50/SF/Yr
Vacant
3-5 yrs
Office/Medical
This property is located across the street from the Promenade and is one mile east of Loop 101. The building has excellent signage and visibility.



Sale Notes:
INVESTMENT HIGHLIGHTS
• Landmark Scottsdale location, strategically located in a high-end retail trade area

• Total leveraged yield for year 3 of 33.5%

• Long-term upside potential due to approx. 37% of the center with below market rents

• Low vacancy, desirable submarket with high barriers to entry

• Rents at Scottsdale Crossing average 48.2% below market at the intersection

• CVS Pharmacy shadow anchored

• 57 covered parking spaces available for tenants and customers


LOCATION OVERVIEW
• Highly desirable location with the north Scottsdale amenities and Scottsdale Airpark

• Easy access to Scottsdale Road and Loop 101

• The shopping center is found in a highly affluent trade area, with average household income over $109,000 within a 3-mile radius

• Extremely strong daytime employment corridor with nearly 14,000 businesses and over 167,000 employees within a 5-mile radius

• Retail properties in the trade area include Scottsdale Promenade, Kierland Commons, Scottsdale Quarter and Scottsdale 101

Phoenix Commercial Advisors
Chad Tiedeman
(602) 288-3472

John Schweikert
(602) 734-7218


Lee & Associates
Andrew S Cheney
(602) 954-3769

Gregg Kafka
(602) 954-3777



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