Listing Agency: NAI Horizon - Phoenix

Listed By: Don Morrow · License #AZ BR016257000 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:32PM

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Investment Insights

Based on property information with market context.

The property is an office building at 141 E Palm Ln in Scottsdale, Arizona. The offering comprises 25,255 square feet and is presented with a 6.00% CAP. Its central office classification and defined physical scale provide a clear basis for evaluating the asset as a commercial acquisition.

Key Highlights

• 25,255 SF office building
• 6.00% CAP
• Located at 141 E Palm Ln, Scottsdale, AZ 85004

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Pet Grooming Service Carpet & Flooring Store Tanning Salon (Bike/Boat/Book/etc) Store Fish 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.

Location Intelligence

Trade Area within ½ mile

3,206

Businesses Nearby

Explore this area Business Placement

Demographics for 85004, AZ

8,833

Population

6,455

Households

1.4

Avg Household Size

32

Median Age

59%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

4,206

Density / Sq Mi

$71,250

Median Household Income

$46,376

Median Earnings

$1,759

Median Rent

$365,500

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?

Office building - Commercial office asset available for acquisition in Scottsdale.

Where is this office building located?

The property is located at 141 E Palm Ln Scottsdale, AZ.

What are key features of this property?

This property features: 25,255 SF office building; 6.00% CAP; Located at 141 E Palm Ln, Scottsdale, AZ 85004