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Browse More Listings in Office For Sale, Scottsdale, AZ or Arizona

Office Property For Sale

NNN Investment with 12+ Years Left on Lease

10585 N. 114th Street, Scottsdale, AZ 85259

Price:
$6,717,000
Building Size:
18,035 SF
Price/SF:
$372.44
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Restaurant
Free Standing Bldg
Special Purpose (Other)
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
2002
Tax ID / APN #:
217-56-869, 217-56-870
Parking Ratio:
5 / 1,000 SF
Find Out More...

Last Verified 11/13/2009 Listing ID 16242816

Highlights

Recession Proof
Single tenant NNN Lease
Long term lease with excellent tenant

Extraordinary landscaping, pedestrian and equestrian trails
High quality contemporary Southwestern Design
McDowell Mountain Views

Description

Desirable single-tenant absolute NNN leased high quality office investment. Excellent tenant is established culinary school with superb training restaurant included. Long term lease with in place. Signalized Access at Frank Lloyd Wright (114th Street) and Shea plus an entrance at 116th Street.

Southeast Corner of 116th Street and Shea Boulevard in Scottsdale, Arizona. In affluent North Scottsdale.
Prestigious Scottsdale!

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$532,152

Tenant	SF Occupied	Lease Expired
Arizona Culinary Institute	18,035	2/1/2022

Map of 10585 N. 114th Street, Scottsdale, AZ 85259 (Maricopa County)

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Tim Hatlestad, CCIM (480) 922-2850

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Created 5/18/2009

Additional Information for 10585 N 114th Street, Scottsdale, AZ 85259

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 4 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - NNN Investment with 12+ Years Left on Lease

10585 N. 114th Street, Scottsdale, AZ, 85259