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Scottsdale Flex Space with Lab
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8515 E Anderson Dr, Scottsdale, AZ 85255

Upscale flex/R&D space with lab in Perimeter Center Business Park.

Property Size56,634 SF
Days on Market187

Property Features for 8515 E Anderson Dr

General Information

Standard status Active
Size 56,634 SF
Property subtype Industrial

Building Details

Year Built 2000
Listing Agency: Commercial Properties Inc
Listed By: Ken Elmer
Source: Corfac
Added: Jan 26 Changed: Jul 6 Last Checked: Aug 1 at 6:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Properties Inc

Investment Insights

Based on property information with market context.

This flex/R&D space with a lab is located within the Cornwell Technology Center, an upscale flex property in the Perimeter Center Business Park. The property is fully air-conditioned and features a lab area currently used as an electronic repair lab. The space includes two shower rooms, a drop ceiling throughout, and LED lighting. Fire suppression is provided by a sprinkler system. Covered parking is available. The location offers convenient access to the Loop 101 Freeway and Bell Road, as well as the Loop 101 Freeway and Princess Drive. It is situated minutes from the Scottsdale Sports Complex, TPC Golf Course, Westworld Scottsdale, and Scottsdale Airpark. The surrounding area, within a 3-mile radius, provides access to restaurants and shopping at Kierland Commons, Scottsdale Quarter, Scottsdale Promenade, and Scottsdale 101.

Key Highlights

  • 100% Air Conditioned Flex/R&D Space with Lab
  • Located in Upscale Cornwell Technology Center within Perimeter Center Business Park
  • Proximity to Loop 101 Freeway (Bell Road and Princess Drive)

Property Analytics

Current Use

Hemisphere GNSS Telecommunications Service Hemisphere Middle East (Bike/Boat/Book/etc) Store Matrixx Initiatives Inc Factory

Suggested Use

Top Pick Garden Center Bakery (Bike/Boat/Book/etc) Store Restaurant Pet Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,897
Businesses Nearby
Balanced
Demand for This Use

Demographics for 85255, AZ

44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value

Market

Lease Benchmarks for Scottsdale, AZ

$141 /SF/Yr
Avg Asking Price
$141–$141 /SF/Yr
Price Range
1,112 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Upscale flex/R&D space with lab in Perimeter Center Business Park.
Where is this flex space located?
The property is located at 8515 E Anderson Dr Scottsdale, AZ.
What are key features of this property?
This property features: 100% Air Conditioned Flex/R&D Space with Lab; Located in Upscale Cornwell Technology Center within Perimeter Center Business Park; Proximity to Loop 101 Freeway (Bell Road and Princess Drive)
More about this property
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