8283 N Hayden Rd - Office FOR SALE


Scottsdale, AZ 85258- McCormick Ranch
$10,500,000 USD
602-339-3131
8283 N Hayden Rd, Scottsdale, AZ for Sale
$10,500,000 USD
Office - FOR SALE
1/10
null | 8.5% Cap Rate

8283 N Hayden Rd
Scottsdale, AZ 85258
McCormick Ranch


OVERVIEW

• Two-story, multi-tenant office building totaling ±55,015 SF. • 100% leased to a diversified tenant mix with an ideal average suite size of ±2,300 SF. • Exceptional occupancy history—the building has maintained an ±89% average 10-year occupancy, an impressive feat considering HonorHealth vacated five suites in 2020 and 2021 for a total of ±25% of the building. • Exceptional infill location in central Scottsdale—one of metro Phoenix’s highest performing office submarkets in recent years. • The vacancy rate for class B buildings in McCormick Ranch of similar vintage and size as Hayden Corporate Center is just ±5.9% and the buildings that compete directly with Hayden Corporate Center hold vacancy rate of a mere ±3.8%. • Office buildings in metro Phoenix that cater to small tenants (±50,000 SF buildings or smaller) are enjoying robust demand and a low vacancy rate of just ±7.6%— vacancy has not reached double digits since 2017. • High-quality masonry construction with an attractive two-story lobby and feature staircase, on-site fitness center and ±4.74/1000 parking. • Across the street from a large concentration of restaurants and shops in Mercado Del Lago. • Nestled within the densely populated, upscale Gainey Ranch, McCormick Ranch, and Scottsdale Ranch neighborhoods, in which home prices range from $1,000,000 to $5,000,000. • The Talking Stick Entertainment District, an amenity mecca which includes the 1.3 million SF Pavilions at Talking Stick, Talking Stick Resort and Casino & Talking Stick Golf Club, Arizona Boardwalk, and Salt River Fields is within three miles of the property. • Convenient ±1.5-mile access to the Loop 101, which serves as a gateway to the Valley’s entire freeway system and a population of 2.3 million people.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hayden Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

3.83 AC

LAND SF

166,835 SF

ZONING

C-O/PCD, Scottsdale

APN/PARCEL ID

174-04-826,174-04-827,174-04-828

ASK ABOUT THIS PROPERTY

Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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Eric WichtermanCushman & WakefieldMore Info
602-339-3131

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