Building Details

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Tenancy Multi

Listing Agency: LevRose Commercial Real Estate k***@levrose.com Show Phone

Listed By: Jason Reddington · License #AZ SA668977000

Source: Crexi

Added: Apr 11 Changed: Jul 23 Last Checked: Jul 28 at 5:22PM

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Investment Insights

Based on property information with market context.

Monterey Plaza is a single-story, multi-tenant medical office offering comprised of three medical office buildings. The property is presented as fee simple and totals 8,028 square feet per the Maricopa Assessor, with rents currently averaging approximately $20.00 per square foot (MG). There is one vacancy totaling 1,028 square feet, providing an opportunity for an in-building tenant to occupy available space.

The campus is located at 3226 N Miller Road in Old Town/South Scottsdale and is positioned just minutes from the HonorHealth Scottsdale Campus and Banner Behavioral Health Hospital. It is also described as being in a medical neighborhood with proximity to Old Town Scottsdale amenities.

As currently configured, Monterey Plaza provides medical office space within a concentrated multi-building complex, with the remaining leased and vacant units supporting a straightforward leasing and tenancy plan.

Key Highlights

• Fee simple interest in Monterey Plaza at 3226 N. Miller Road (Old Town/South Scottsdale)
• Single‑story multi‑tenant medical office plaza with three medical office buildings
• Total size of 8,028 SF per Maricopa Assessor

Property Analytics

Current Use

Stephen L. Nielson, ... Alternative Medicine Practice Michael O'Connell PC Dental Office The Skin Center Spa & Massage Center Restorative CBD Physician Bartlett Marilyn Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Fish Market Locksmith Grocery & Convenience Store Farmer's Market

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,423

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85251, AZ

40,073

Population

26,456

Households

1.5

Avg Household Size

39

Median Age

60%

College-Educated

96%

High-School Grad

7.2 sq mi

ZIP Area

5,566

Density / Sq Mi

$89,151

Median Household Income

$60,282

Median Earnings

$1,771

Median Rent

$500,700

Median Home Value

Market

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Single-story, multi-tenant medical office plaza with three buildings and one remaining vacancy.

Where is this medical office space located?

The property is located at 3226 N Miller Rd Scottsdale, AZ.

What are key features of this property?

This property features: Fee simple interest in Monterey Plaza at 3226 N. Miller Road (Old Town/South Scottsdale); Single‑story multi‑tenant medical office plaza with three medical office buildings; Total size of 8,028 SF per Maricopa Assessor