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    FOR LEASE
    Medical Office Space

    7425 E Shea Blvd, Scottsdale, AZ 85260

    43,639 SF 2.65 ac lot Built 1998
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US07-1225953
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, Shea Medical Plaza, is located at 7425 E Shea Blvd in Scottsdale, Arizona, 85260. The single-story, 42,439 square foot building, constructed in 1999, offers multiple tenancy options with 3,865 square feet currently vacant. Suites range from 2,729 to 8,174 square feet, providing flexibility for various medical practices. The property boasts a prime location on heavily trafficked Shea Boulevard, ensuring high visibility and easy access. Convenient amenities include 35 total parking spaces in an underground garage with covered parking and elevator access. The S-R zoning allows for a variety of uses. The building features built-out suites ready for immediate occupancy, minimizing downtime for new tenants. Prominent building signage opportunities further enhance visibility. The property is situated near major healthcare facilities like Honor Health, providing a strategic advantage within the Scottsdale submarket. The Maricopa County location (APN 175-48-001G) offers a thriving business environment with no use restrictions, allowing for adaptable space utilization. This combination of location, amenities, and flexible space makes Shea Medical Plaza an attractive investment opportunity.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1998
    Construction STEEL FRAME
    Total area 43,639 SF
    Lot 2.65 ac (115,434 SF)
    Zoning code S-R
    APN 175-48-001G
    UPID US07-1225953
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Precious Smiles - Scottsdale Dentist Dental Office
    • AZPerio Dental Office
    • Dr. Steven G. Reitan, DDS Dental Office
    • Alium Health and Wellness Medical Clinic
    • SmartLipo Institute Medical Clinic Weight Loss Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $9.57M
    Comparable Approach Comparable
    $20.81M
    Blend (final) Blend
    $15.90M
    Owner & transaction history
    Wsh Az Shea LLC · 3 yrs held
    Wsh Az Shea LLC
    since 2022
    Last sale
    $16.4M
    4 recorded transactions
    2022
    $16.4M
    2017
    $11.7M
    2012
    $6.5M
    1997
    $1.4M
    Zoning & alternative use
    S-R · Scottsdale, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $21.3M +40.0%
    Retail stores $20.1M +31.8%
    Auto repair, garage $18.0M +17.9%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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