480-205-1921
14631 N Scottsdale Rd, Scottsdale, AZ for Sale
Office - FOR SALE
1/13
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14631 N Scottsdale Rd
Scottsdale, AZ 85254
North Scottsdale


HIGHLIGHTS

  • INSANELY RARE OPPORTUNITY TO PURCHASE SCOTTSDALE ROAD MULTI-TENANT OFFICE BUILDING WITH OWNER/USER OPTIONS
  • ROBUST ECONOMIC HUB WITH EXCEPTIONALLY STRONG MARKET FUNDAMENTALS
  • THRIVING LOCATION WITH ABUNDANT NEARBY AMENITIES | SCOTTSDALE AIRPARK

OVERVIEW

EXTREMELY RARE OPPORTUNITY TO PURCHASE SCOTTSDALE ROAD MULTI-TENANT OFFICE BUILDING WITH OWNER/USER OPTIONS * Burns & Wilcox Business Center presents investors a rare opportunity to acquire an irreplaceable asset with strong in-place cash flow, yet add value through increasing occupancy, boosting rents and deploying a strategic capital plan whether that is keeping things status quo or by raising rents. * Burns & Wilcox, currently occupying space on the first floor, will either vacate their premises to make way for a user buyer or do a leaseback to provide buyer stable income on the property. Second floor space currently occupied by Children's Learning Center is an additional option for an owner/user to consider for future tenancy as well. * This is an exceptional opportunity to acquire a building on Scottsdale Road, situated on over 112,000 SF of land and bordered by three streets, that is currently 84.5% leased, offering stable cash flow from the building’s 3 local and regional long-term tenants. * Built in 1986 and renovated in 1995, this 2-story steel frame building offers significant potential to enhance the asset’s value through a strategic and well-planned capital improvements program aimed at upgrading the building’s quality. ROBUST ECONOMIC HUB WITH EXCEPTIONALLY STRONG MARKET FUNDAMENTALS * Within the Scottsdale Airpark, there is a 5.5% vacancy rate for two-story office buildings between 25,000 SF and 50,000 SF (Costar), compared to the 16.6% Q4-2024 vacancy rate for office buildings in the Airpark (CBRE Research). * The Scottsdale Airpark office leasing continues to show positive activity evidenced by the 3,807,903 million gross square feet leased over the past 4 quarters (CBRE Research). * Scottsdale is home to more than 25,000 businesses with nearly 20 percent of Arizona corporate headquarters calling the city home. Furthermore, Scottsdale is visited by over 9 million people annually, adding over $3.7B of yearly economic impact to this booming economic hub. THRIVING LOCATION WITH ABUNDANT NEARBY AMENITIES * Scottsdale Airpark has become a national model for airport-based business parks. It is home to more than 25 national/regional corporations, 2,900 businesses, more than 51,000 employees and has easy airport & freeway access providing unmatched accessibility. * Abundant nearby amenities, headlined by Scottsdale Quarter and Kierland Commons, two premier open air, mixed-use developments in the heart of Scottsdale Airpark. The adjacent properties alone boast over 1.2 million square feet of retail and office space along with over 650 luxury apartment units. * Excellent ingress/egress as the property sits within 4 minutes of the Loop 101 Freeway providing exceptional access to Greater Metro Phoenix.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Acoma Drive Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

142

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

I-P

APN/PARCEL ID

215-56-019

ASK ABOUT THIS PROPERTY

Geoff TurbowCBREMore Info
480-205-1921

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Geoff TurbowCBREMore Info
480-205-1921

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.