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The Block At Pima Center 4 Retail Properties Offered at $27,284,221 in Scottsdale, AZ
Investment Highlights
- Fully occupied, high-performing asset
- Located in Scottsdale's premier entertainment district
- Long-term ground lease on Tribal Land
- Strong credit tenancy and national brands
- Outstanding visibility and access
- Exceptional demographics and employment base
Executive Summary
The Block at Pima Center represents a high-performing retail asset strategically located within Scottsdale’s premier entertainment and hospitality corridor. This ±37,958-square-foot, 94% occupied multi-tenant shopping center is anchored by Starbucks, Jersey Mike’s Subs, Dickey’s Barbecue Pit, and Spinat’s, complemented by a curated mix of local and regional operators. The property sits on a Salt River Pima-Maricopa Indian Community ground lease with 55 years remaining, offering a long-term foundation for ownership stability.
Positioned along Loop 101 with more than 167,000 vehicles per day, The Block benefits from superior frontage, exceptional accessibility, and connectivity to Scottsdale's leisure destinations, executive housing, and corporate offices. With an NOI of $1,650,695 and a 6.05% cap rate, investors will find this acquisition an opportunity for durable cash flow backed by strong credit tenancy. Businesses at the center capitalize on robust demographics, including 58,000 employees and average household incomes above $165,000 within three miles. This offering solidifies dependable retail performance in one of Arizona’s most desirable trade areas.
Positioned along Loop 101 with more than 167,000 vehicles per day, The Block benefits from superior frontage, exceptional accessibility, and connectivity to Scottsdale's leisure destinations, executive housing, and corporate offices. With an NOI of $1,650,695 and a 6.05% cap rate, investors will find this acquisition an opportunity for durable cash flow backed by strong credit tenancy. Businesses at the center capitalize on robust demographics, including 58,000 employees and average household incomes above $165,000 within three miles. This offering solidifies dependable retail performance in one of Arizona’s most desirable trade areas.
Property Facts
| Price | $27,284,221 | Number of Properties | 4 |
| Price / SF | $456.40 / SF | Individually For Sale | 0 |
| Cap Rate | 6.05% | Total Building Size | 59,782 SF |
| Sale Type | Investment | Total Land Area | 3.82 AC |
| Status | Active |
| Price | $27,284,221 |
| Price / SF | $456.40 / SF |
| Cap Rate | 6.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 59,782 SF |
| Total Land Area | 3.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Block at Pima Center
9210-9290 E Via de Ventura, Scottsdale, AZ 85258 |
Retail | 37,958 SF | 2021 | - |
| 9290 E Via de Ventura, Scottsdale, AZ 85258 | Retail | 8,715 SF | 2019 | - |
| 9280 E Via de Ventura, Scottsdale, AZ 85258 | Retail | 6,909 SF | 2019 | - |
|
Shops B1
Via De Ventura & Loop 101, Scottsdale, AZ 85256 |
Retail | 6,200 SF | 2020 | - |
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The Block At Pima Center
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