Class A Single-Tenant Office
For Sale
Contact for pricing
9145 E Pima Center Pkwy, Scottsdale, AZ 85258
Built-to-suit headquarters with an absolute NNN lease and expansion-ready design.
Property Size73,060 SF
Price / SF$309.33
Days on Market307
Property Features for 9145 E Pima Center Pkwy
General Information
Standard status
Active
Size
73,060 SF
Class
A
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
two-story lobby
indoor/outdoor cafeteria
solar panels
electric chargers
Building Details
Year Built
2015
Buildings
1
Stories
2
Building Size
73,060 SF
Tenancy
Single
Parking Ratio
5.84 per 1,000 SF
Listing Agency:
Cushman & Wakefield | Phoenix
(602) 954-9000
Listed By:
Eric Wichterman · License #SA109618000
(602) 224-4471
Source:
Moodyscre
Added: Nov 13, 2025
Changed: Aug 16
Last Checked: Sep 15 at 7:29AM
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 Cushman & Wakefield | Phoenix
Investment Insights
Based on property information with market context.
Built-to-suit in 2015, this Class A, two-story office building totals ±73,060 SF and is 100% leased to Plexus Worldwide for its global headquarters under an absolute NNN lease. The building includes a two-story lobby, large indoor/outdoor cafeteria, solar panels, electric chargers, and generous parking of ±5.84 spaces per 1,000 SF. It is situated adjacent to the tenant’s warehousing facility and includes a pad pre-engineered for an additional ±20,000 SF expansion onto the north end, continuous to both stories.
The property is located at 9145 E Pima Center Pkwy in Scottsdale, within the Salt River Pima-Maricopa Indian Community and on a ground lease for which the tenant is responsible. The Talking Stick Entertainment District, including the 1.3 million SF Pavilions at Talking Stick, Talking Stick Resort and Casino, Talking Stick Golf Club, Arizona Boardwalk, and Salt River Fields, is within one mile. The property also offers ±½-mile access to the Loop 101, serving the Valley’s freeway system and a population of 2.4 million people.
The property is located at 9145 E Pima Center Pkwy in Scottsdale, within the Salt River Pima-Maricopa Indian Community and on a ground lease for which the tenant is responsible. The Talking Stick Entertainment District, including the 1.3 million SF Pavilions at Talking Stick, Talking Stick Resort and Casino, Talking Stick Golf Club, Arizona Boardwalk, and Salt River Fields, is within one mile. The property also offers ±½-mile access to the Loop 101, serving the Valley’s freeway system and a population of 2.4 million people.
Key Highlights
- ±73,060 SF Class A, two‑story office building built‑to‑suit in 2015
- 100% leased to Plexus Worldwide for its global headquarters under an absolute NNN lease
- Pad pre‑engineered for an additional ±20,000 SF expansion onto the north end
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,156,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,133,300
$23.1M
Cap Rate 7%
$16,523,786
$16.5M
Cap Rate 9%
$12,851,833
$12.9M
Market Conditions
NOI Build-Up for 73,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.88M $25.68/SF
− Vacancy
−$334.0K −$4.57/SF
EGI
$1.54M $21.11/SF
− OpEx
−$385.6K −$5.28/SF
NOI
$1.16M $15.83/SF
Area
Scottsdale, AZ
Vacancy
17.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,133,300
Cap Rate 7%
$16,523,786
Cap Rate 9%
$12,851,833
Alternative Uses
Best Use
Office B
$16.52M
$14.46M – $19.28M
NOI $1,156,665 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$23.98M
$20.99M – $27.98M
NOI $1,678,849 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Built-to-suit headquarters with an absolute NNN lease and expansion-ready design.
Where is this office building located?
The property is located at 9145 E Pima Center Pkwy Scottsdale, AZ.
What is the asking price?
The asking price for this property is $22,600,000.
What are key features of this property?
This property features: ±73,060 SF Class A, two‑story office building built‑to‑suit in 2015; 100% leased to Plexus Worldwide for its global headquarters under an absolute NNN lease; Pad pre‑engineered for an additional ±20,000 SF expansion onto the north end
