Mixed-Use Retail and Office
9325 - 9397 E Shea Blvd, Scottsdale, AZ 85260
A fully leased center combining dining, wellness, and professional services with dedicated office space for daily activity.
Type:Retail, Office
Property size:
73,683 SFPrice / SF:
$384/SF- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 4:02 am
Property Features for 9325 - 9397 E Shea Blvd
General Information
- Standard status
- Active
- Size
- 73,683 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2007
Listing office Diversified Partners
Listing date Jun 17, 2026
Source Crexi
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 Diversified Partners
HighLights
- 73,683 SF mixed‑use retail and office center built in 2007 on East Shea Boulevard in North Scottsdale
- 100% leased with $1,716,071 in NOI and listed at $28,360,000 (6.05% cap rate)
- Weighted average lease term of 5.25 years with multiple tenants paying below‑market rents
- Includes 35,000 SF of fully leased Class A office space occupied by 94 Hundred Corporate Center with 250 on‑site employees
- Retail tenant mix includes First Watch, Ling & Louie's, Salt + Lime Modern Mexican Grill, Rosebud Steakhouse, plus Elements Massage and other service/wellness concepts
- Adjacent 3.595‑acre land parcel available for $6,000,000; zoned C‑O with by‑right uses including medical office, professional office, retail, and age‑restricted multifamily
Overview
94 Hundred Shea is a mixed-use retail and office center built in 2007. The property is currently 100% leased and features a tenant mix spanning dining, wellness, beauty, medical, and professional services, alongside a dedicated office component occupied by 94 Hundred Corporate Center.
Located along East Shea Boulevard in North Scottsdale, the center benefits from strong retail accessibility and visibility. Importantly, it is directly adjacent to HonorHealth Scottsdale Shea Medical Center, a full-service hospital campus employing a large workforce, which helps support consistent daytime traffic.
For buyers and operators, the property offers a diversified use profile with anchors including First Watch, Ling & Louie’s Asian Bar and Grill, Salt + Lime Modern Mexican Grill, and Rosebud Steakhouse, complemented by service and wellness tenants such as Elements Massage, Blo Blow Dry Bar, V’s Barbershop, Emmi D SalonSpa, and Scottsdale Hand and Foot Spa. The co-location of office employees with an on-site retail and services tenant roster provides a practical fit for businesses and investors seeking an integrated environment designed to serve both visitors and working professionals throughout the day.
Located along East Shea Boulevard in North Scottsdale, the center benefits from strong retail accessibility and visibility. Importantly, it is directly adjacent to HonorHealth Scottsdale Shea Medical Center, a full-service hospital campus employing a large workforce, which helps support consistent daytime traffic.
For buyers and operators, the property offers a diversified use profile with anchors including First Watch, Ling & Louie’s Asian Bar and Grill, Salt + Lime Modern Mexican Grill, and Rosebud Steakhouse, complemented by service and wellness tenants such as Elements Massage, Blo Blow Dry Bar, V’s Barbershop, Emmi D SalonSpa, and Scottsdale Hand and Foot Spa. The co-location of office employees with an on-site retail and services tenant roster provides a practical fit for businesses and investors seeking an integrated environment designed to serve both visitors and working professionals throughout the day.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.48M | $33.60 |
| − Vacancy | −$56.9k | −$0.77 |
| EGI | $2.42M | $32.83 |
| − OpEx | −$725.6k | −$9.85 |
| NOI | $1.69M | $22.98 |
73,683 SF · lease $33.60/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$24.19M
$21.16M – $28.22M
NOI $1,693,165 @ 7.0% cap · market cap 5.97%
Second Best
Office B
$16.66M
$14.58M – $19.44M
NOI $1,166,529 @ 7.0% cap · market cap 4.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
First Watch
Restaurant
Werner Institute For Balance
Association Or Organization
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Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8796414
- Latitude
- 33.5818078
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - A fully leased center combining dining, wellness, and professional services with dedicated office space for daily activity.
Where is this shopping center located?
The property is located at 9325 - 9397 E Shea Blvd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $28,360,000.
What are key features of this property?
This property features: 73,683 SF mixed‑use retail and office center built in 2007 on East Shea Boulevard in North Scottsdale; 100% leased with $1,716,071 in NOI and listed at $28,360,000 (6.05% cap rate); Weighted average lease term of 5.25 years with multiple tenants paying below‑market rents
