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9590 E Ironwood Square Dr, Unit 120 Scottsdale, AZ 85258

For Sale
$2,950,000

Leased to Optum Care with long-term potential in Scottsdale.

Property size:
7,784 SF

Property Features for 9590 E Ironwood Square Dr

General Information

Size
7,784 SF

Building Details

Year built
2005

Source: Richard Lewis Jr. Agent Richard Lewis Jr.

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Scottsdale Leased Investment Opportunity

This leased investment opportunity is located at 9590 E Ironwood Square Dr #120/125. The property is currently leased to Optum Care on an initial 5-year modified gross lease. Optum Care is a part of Optum, Inc., a subsidiary of United Health Group. The tenant has occupied the space since 2016, originally as 4C Medical Group. The tenant modified and extended the lease to September 2028 and recently completed tenant improvements at their own expense. The landlord is responsible for HVAC, while the tenant reimburses for CAM fees, insurance, taxes, and management fees (up to 4%). The tenant has a termination option with 180-day notice and a penalty equal to 80% of the minimum monthly rent of the current term. The property is a ±7,784 SF condo located off Ironwood Square Dr., at the crossroads of E Mountainview Rd and N 96th St, just east of the Loop-101 in Scottsdale, Arizona. It is located in immediate proximity to retail amenities such as Scottsdale Fiesta Shopping Center, anchored by Fry's, Sprouts, and The Home Depot. Multiple retail lifestyle centers are within a ten-minute drive, including Fashion Square Mall, Scottsdale Pavilions at Indian Bend Rd, Scottsdale Quarter, and Kierland Commons. The property is within walking distance of the HonorHealth Scottsdale Shea Medical Center and adjacent to Ironwood Village and Ironwood Office Suites.
Location Intelligence

Current Use by Public Records

Arizona Pharmaceuticals Pharmaceutical Company John Larsen - Raymond ... Financial Planner Cochran Gloria M ... Psychologist Melanie S. Rich, ... Psychologist Amanda Keiser, LMFT Mental Health Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Scottsdale Ranch Animal Hospital, Richard Stolper, DVM, Travis Nick - Scottsdale Ranch Animal Hospital, Banfield Pet Hospital, Travis Nick

Location Insight

  • Map
  • Local Demand
City
Scottsdale
County
Maricopa
State
Arizona
Longitude
-111.8746828
Latitude
33.5781928

FAQs

What type of property is this?
Medical office - Leased to Optum Care with long-term potential in Scottsdale.
Where is this medical office located?
The property is located at 9590 E Ironwood Square Dr, Unit 120 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: - Leased to Optum Care (United Health Group subsidiary) through September 2028, ensuring stable income.; - Significant value-add opportunity by adjusting rent at lease renewal to reflect gross square footage, boosting net operating income.; - Priced below replacement cost.
More about this property
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