14805 73rd St Scottsdale, AZ 85260-3107

Property Details for 14805 73rd St

Year built

1981

Construction

CONCRETE

Lot size

1.66 lot acres

Property size

13,924 SF

Zone code

I-1

Property type

Office buildings

APN

215-56-026C

APU

21556026C

Description

This exceptional 13,924 square foot single-story office building in Scottsdale Airpark presents a compelling investment or owner-user opportunity. Located at 14805 N 73rd St, this Class B property boasts 100% occupancy with a strong NOI of $259,485. Built in 1981 and renovated in 2006, the building sits on a 1.59-acre lot with 62 parking spaces. The property features a desirable I-1 zoning and is situated near major amenities including Scottsdale Quarter and Kierland Commons, offering easy access to Scottsdale Airport and freeways. The current tenant, a national insurance brokerage firm, is experiencing significant growth, presenting potential for future rent increases. The building's size (under 20,000 square feet) is highly sought after in the Scottsdale Airpark, which currently exhibits a low vacancy rate for similar properties. This presents a unique chance to capitalize on a thriving economic hub with strong market fundamentals and an exceptionally strong demographic base. The property's financial performance is further enhanced by its below-market rent, creating significant upside potential for investors. This is a rare opportunity to acquire a well-maintained, high-performing asset in a premier Scottsdale location.