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

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.