Mixed-Use Retail and Office
9325-9397 E Shea Blvd, Scottsdale, AZ 85260
For Sale
Contact for pricing
Pending
A fully leased center combining dining, wellness, and professional services with dedicated office space for daily activity.
Property Size73,683 SF
Days on Market151
Property Features for 9325-9397 E Shea Blvd
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Diversified Partners
Listed By:
John Jackson · License AZ SA586080000
(602) 400-5084
Source:
Crexi
Added: Jun 17
Changed: Nov 13
Last Checked: Nov 12 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 Diversified Partners
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Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,693,165
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,863,300
$33.9M
Cap Rate 7%
$24,188,071
$24.2M
Cap Rate 9%
$18,812,944
$18.8M
Market Conditions
NOI Build-Up for 73,683 SF
Gross rent
$2.48M $33.60/SF
− Vacancy
−$56.9K −$0.77/SF
EGI
$2.42M $32.83/SF
− OpEx
−$725.6K −$9.85/SF
NOI
$1.69M $22.98/SF
Area
Scottsdale, AZ
Vacancy
2.30%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,863,300
Cap Rate 7%
$24,188,071
Cap Rate 9%
$18,812,944
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,296
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Maricopa County
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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
