Property Details for 10245 Vía Linda

Year built

1987

Lot size

1.78 lot acres

Property size

21,278 SF

Property type

Office properties & Spaces

Description

This exceptional Scottsdale office building presents a compelling investment opportunity. The 21,278 square foot, two-story building boasts a striking Spanish Colonial design, featuring stucco walls, clay tile roofing, and attractive landscaping with mature trees and flowering plants. Built in 1987, this Class B property is situated on a 1.78-acre lot in the desirable Scottsdale Ranch submarket, zoned C-2. Currently 100% occupied with a multi-tenant lease structure, it generates a substantial net operating income (NOI) of $315,000, representing a 5.00% cap rate. The asking price is $6,300,000, or $296.08 per square foot. The building includes a hydraulic passenger elevator, exterior stairs, and a remotely monitored fire sprinkler system. Architectural details include hand-painted ceramic tile, French doors, multi-paned windows, exposed wood beams, and a courtyard fountain. Many suites offer private patios or balconies, and ample parking is provided (4.61 spaces per 1,000 sq ft). The property's design is well-suited for small businesses in financial and service industries. This is a stabilized investment with a strong NOI and excellent potential for future growth in a highly sought-after location. The property's APN is 217-35-987C.

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Longitude

-111.861

Latitude

33.5744