Freestanding Flex R&D
For Sale
Contact for pricing
8515 E Anderson Dr, Scottsdale, AZ 85255
Two-building commercial property combining research, development, office, and laboratory space with full occupancy across three tenants.
Property SizeContact for details
Days on Market145
Property Features for 8515 E Anderson Dr
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Faris Lee Investments
(949) 221-1810
Listed By:
Jeff Conover · License #CA 01008195
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 8:02AM
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
Cornwell Technology Center comprises two freestanding buildings configured for a blend of research and development, office, and laboratory functions. The improvements were constructed in 2000 and include monument signage. The offering conveys the fee simple interest in both the land and buildings.
The property is fully leased to three tenants under a mix of lease structures: two NNN leases and one gross lease. Two leases provide for annual rent increases, supporting contractual income growth. The center is located at 8515 E Anderson Dr in Scottsdale, Arizona, near TPC Scottsdale and just off Loop 101.
The site is described as a large parcel within North Scottsdale, providing a two-building flex configuration for continued commercial occupancy. One tenant’s initial term includes the potential for a future rent adjustment upon renewal, as described in the property information.
The property is fully leased to three tenants under a mix of lease structures: two NNN leases and one gross lease. Two leases provide for annual rent increases, supporting contractual income growth. The center is located at 8515 E Anderson Dr in Scottsdale, Arizona, near TPC Scottsdale and just off Loop 101.
The site is described as a large parcel within North Scottsdale, providing a two-building flex configuration for continued commercial occupancy. One tenant’s initial term includes the potential for a future rent adjustment upon renewal, as described in the property information.
Key Highlights
- Two freestanding R&D‑flex buildings constructed in 2000
- 100% leased to three tenants
- Lease mix includes two NNN leases and one gross lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,897
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combining research, development, office, and laboratory space with full occupancy across three tenants.
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: Two freestanding R&D‑flex buildings constructed in 2000; 100% leased to three tenants; Lease mix includes two NNN leases and one gross lease
