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

Listed By: Keri Davies · License #SA649025000 Show Phone

Source: Moodyscre

Added: Dec 2, 2024 Changed: Jul 28 Last Checked: Jul 30 at 2:11PM

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Investment Insights

Based on property information with market context.

This for-rent office space is located within a commercial property that includes a lavish courtyard atrium water feature with available seating and walkable common areas. The building’s common amenities are scheduled for upgrades in Q4 2024, including a new tenant amenity lounge and a modernized community conference room.

The property is positioned immediately off Raintree and the 101, providing easy access throughout the Valley. On-site property management is available.

Key Highlights

• Courtyard atrium water feature with available seating in the office complex
• Planned Q4 2024 common area upgrades, including a new tenant amenity lounge
• Q4 2024 modernization of the community conference room

Property Analytics

Current Use

Ardent Hotel Advisors Hotel & Motel Trish Shelly - Arizona ... Real Estate Agency Jason Glashan -CMGFinancial ... Loan Service Goldinov & McCauley, PLC Law Firm Kim R. Feinstein, ... Physician

Suggested Use

Top Pick Grocery & Convenience Store Pet Grooming Service Wine and Liquor Store (Bike/Boat/Book/etc) Store Daycare Center Butcher

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

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

$4.65 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,307

Businesses Nearby

Explore this area Business Placement

Demographics for 85260, AZ

37,967

Population

21,072

Households

1.8

Avg Household Size

47

Median Age

59%

College-Educated

97%

High-School Grad

14.2 sq mi

ZIP Area

2,674

Density / Sq Mi

$103,854

Median Household Income

$62,835

Median Earnings

$1,969

Median Rent

$637,000

Median Home Value

Market

Lease Benchmarks for Scottsdale, AZ

$27.13 /SF/Yr

Avg Asking Price

$1.04–$41 /SF/Yr

Price Range

23,336 SF

Avg Space Size

This space is priced 14% above the average of $27.13 /SF/Yr.

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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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space in a professionally managed complex featuring a courtyard atrium water feature and planned Q4 2024 amenity upgrades.

Where is this office units located?

The property is located at 14301 N 87th St Scottsdale, AZ.

What is the lease rate?

The lease rate is $31 SF/Yr.

What are key features of this property?

This property features: Courtyard atrium water feature with available seating in the office complex; Planned Q4 2024 common area upgrades, including a new tenant amenity lounge; Q4 2024 modernization of the community conference room