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FOR SALE OR LEASE
High-End Freestanding Offi ce Building8414 N. 90TH STREETSCOTTSDALE, ARIZONA
Located in Central Scottsdale
PROPERTY SUMMARY
Property Features
BUILDING SIZE
16,663 square feet
Location & Market
FOR SALE OR LEASE
Freestanding Offi ce Building8414 N. 90th StreetScottsdale, Arizona
AVAILABLE FOR USER/TENANT
13,331 square feet
YEAR BUILT
2005 LAND SIZE
1.97acres
85,813square feet
ZONING
Office
A rac ve single-story property with tremendous accessibility.
Frontage on Del Camino Drive and prominent building signage opportunity.
Amenity rich loca on.
High-end fi nishes with tremendous glass line throughout.
Within one mile: Salt River Fields at Talking S ck development, the Sco s-dale Pavilions and the Mercado del Lago shopping centers
Easy access from full diamond interchange at Via de Ventura and Loop 101
Prominent building visibility and convenient accessibility from the Loop 101 Freeway
Convenient loca on for North Sco sdale, Central Sco sdale, Old Town Sco sdale and Paradise Valley execu ve housing markets.
Close proximity to the upscale Gainey Ranch Hya Regency, with 463 rooms, conference capabili es and a 27-hole championship golf course
PROPERTY SUMMARY
Property Highlights
ASKING PRICE
$2,350,000
FOR SALE OR LEASE
Freestanding Offi ce Building8414 N. 90th StreetScottsdale, Arizona
PRICE PSF
$141per square foot
LEASE RATE
$25.50modified gross net of electric & janitorial
Eff ortless pull up parking throughout the property
Income in place to off set holding cost
Ability for an Owner/User to take occupancy of 13,331 SF
Effi cient fl oor plan providing fl exibility for a single user or mul ple users.
AREA OVERVIEW
VIA DE VENTURAVIA DE VENTURA
SCOT
TSDA
LE R
OAD
SCOT
TSDA
LE R
OAD
PIMA
ROA
DPI
MA R
OAD
HAYDEN ROAD
INDIAN BENDINDIAN BEND
8414 N. 90th Scottsdale Scottsdale
Rotary ParkRotary Park
Gainey Gainey RanchRanch
McCormick McCormick RanchRanch
Golf ClubGolf Club
CamelbackCamelbackGolf ClubGolf Club
Gainey Gainey VillageVillage
Gainey Gainey Village Village
Health Club Health Club & Spa& Spa
PROPERTYOVERVIEW
Site Summary
PROPERTYADDRESS
8414 N. 90th StreetSco sdale, AZ 85258
SITE AREA 1.97 acres (85,813 SF)
ZONING C-3 SRP-MIC
ACCESSThe property is accessed from either Pima Road or Via De Ventura. The property is located north of the northeast corner of Pima Road and Via De Ventura.
PARKING SPACES 5:1,000: 72 Spaces (28 Covered)
TITLE 72 Year Land Lease Expires August 28, 2088
INTERIOR PHOTOS
SITE PLAN
E. DEL CAMINO DRE. DEL CAMINO DR
SIT
E16
,663
SF
SUITE 100Available 7/1/17
16,663 SF
SUITE 101Vacant
SUITE 103
FLOOR PLAN
SUITE 100 ± 7,666 SF Available (7/1/17)
SUITE 101 ± 5,665 SF Available
SUITE 103 ± 3,042 SF
SUITE 100 SUITE 103
SUITE 101
DESCRIPTION 16,663 SF
PROPERTY Multi-Tenant
YEAR BUILT 2005
OCCUPANCY Currently 64%
SUITE BREAKDOWNSuite 100-102 7,666 SF Available (7/1/17)Suite 101 5,665 SF AvailableSuite 103 3,042 SF
LIGHTING Suspended 2’ x 4’ fl uorescent lighting, some recessed and attached fl uorescent lighting fi xtures
ROOF SYSTEM Flat deck with built-up cover with asphalt tile covered gambrels
EXTERIOR WALLS Brick, high performance glass
INTERIOR WALLS Drywall, with tape, texture, and painted fi nish
ELECTRICITY APS
WATER/ SEWER City of Scottsdale
NATURAL GAS Southwest Gas Corporation
HVAC Roof mounted heat pump units
FIRE PROTEC TION &LIFE SAFETY The building is 100% fi re sprinklered
LANDSCAPING Mature desert landscaping surrounding building and parking structure.
TELEPHONE Qwest Communications
IMPROVEMENTS
RENT ROLL
In-Place Rent Roll
Tenant Suite RSF % Lease Start Lease End Monthly Base Rent
Annual Base Rent Annual PSF Lease
Type
Business and Decision 100/102 7,666 46% 1/1/2017 6/30/2017 $18,500.00 $222,000.00 $28.96 MG
Vacant 101 5,665 34% - - $0.00 $0.00 MG
Renaissance 103 3,042 18% 6/29/2015 9/30/2018 $5,196.70 $62,360.40 $20.50 MG
Conference Room - 290 2% - - $0.00 $0.00 MG
Total Gross Rental Income 16,663.00 100.0% $23,696.70 $284,360.40
Although the informa on furnished regarding property for sale, lease, or fi nancing is from sources deemed reliable, no warranty or representa on, express or implied, is made as to the accuracy of the informa on contained herein. It is submi ed subject to errors, omissions, change of price, rental, or other condi ons prior to sale, lease, or fi nancing, or withdrawal without no ce. If you have received this e-mail in error, please immediately no fy me by reply e-mail and destroy the original transmission and its a achments without reading or saving in any manner. If anything in this email references terms of a transac on, please note that nothing is binding un l a contract is fully signed by all of the required par es. Thank you.
Occupied 64.26%
Vacant 35.74%
Total % 100%
Total SF 16,663
EXPENSES
Estimated Property Expenses
Property Square Footage 16,663
ANNUAL MONTHLY PER SF NOTES
Property Taxes $42,281.58 $3,523.47 $2.54 Possessory Interest Tax - Paid twice a year $21,140.79
Utilities - Electric $37,642.70 $3,136.89 $2.26
Repairs and Maintenance $33,523.33 $2,793.61 $2.01 Includes HVAC, pest control, cleaning, locksmith, land-scape, door maintenance/repairs, trash, backfl ow, etc.
Annual Land Rent $32,550.52 $2,712.54 $1.95 Quarterly amount is $8,137.63
Insurance - Property $7,143.00 $595.25 $0.43
Utilities - Water $3,714.83 $309.57 $0.22
Security $1,301.26 $108.44 $0.08
Total $158,157.22 $13,179.77 $9.49
Although the information furnished regarding property for sale, lease, or fi nancing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or fi nancing, or withdrawal without notice. If you have received this e-mail in error, please immediately notify me by reply e-mail and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this email references terms of a transaction, please note that nothing is binding until a contract is fully signed by all of the required parties. Th ank you.
FOR MORE INFORMATION CONTACT:ZAK [email protected]
DISCLAIMERAlthough the informa on furnished regarding property for sale, lease, or fi nancing is from sources deemed reliable, no warranty or representa on, express or implied, is made as to the accuracy of the informa on contained herein. It is submi ed subject to errors, omissions, change of price, rental, or other condi ons prior to sale, lease, or fi nancing, or withdrawal without no ce. If you have received this e-mail in error, please immediately no fy me by reply e-mail and destroy the original transmission and its a achments without reading or saving in any manner. If anything in this email references terms of a transac on, please note that nothing is binding un l a contract is fully signed by all of the required par es. Thank you.
FOR MORE INFORMATION CONTACT:
GEOFF TURBOWPartner
