FOR SALE South Scottsdale Investment Property 3226 N Miller Rd. Scottsdale, AZ 85251 STUART MILNE, CCIM STEVE BERGHOFF 480.659.1777 x101 480.659.1777 x111 [email protected][email protected]MENLO GROUP P: 480.659.1777 • F: 866.226.5766 1809 S Holbrook Ln, Tempe, AZ 85281 menlocre.com
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FOR SALE South Scottsdale Investment Property€¦ · FOR SALE | South Scottsdale Investment Property 3226 N Miller Rd. Scottsdale, AZ 85251 Executive Summary Page 2. MENLO GROUP
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F O R S A L ES o u t h S c o t t s d a l e
I n v e s t m e n t P r o p e r t y3226 N Mil ler Rd. Scottsdale, AZ 85251
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S Holbrook Ln, Tempe, AZ 85281menlocre.com
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S Holbrook Ln, Tempe, AZ 85281menlocre.com
OFFERING SUMMARY
Building Size: +/- 8,021 SF
Sales Price: $1,644,305.00
Sale Price PSF: $205.00 PSF
NOI: $77,380.00
CAP: 4.71%
Year Built: 1977
Zoning: SR
Lot Size: 31,882 SF
Construction: Framed, Stucco
Rare opportunity to purchase a well-maintained, energy efficient (solar panels), multi-tenant commercial investment property inhighly south after south Scottsdale (Old Town) considered the finest urban center in Arizona and home to more than 90restaurants, 320 retail shops and more than 80 art galleries.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Solar Panel Covered Parking provides significant electric savings
• Rare opportunity to purchase in strong south Scottsdale submarket
• Located in area with substantial redevelopment including new multi-family projects, Clayton House event venue and mixed-use projects
• Energy Savings: Solar panels installed on covered parking canopy and roof provide significant electric energy savings
• Property is 86% occupied with only a 1,121 SF built-out dental office that is vacant
• Close proximity to restaurants, shopping and downtown Scottsdale amenities
• Property located in Scottsdale Downtown Character Area Plan (Downtown Plan) established to promote high-qualityredevelopment projects
• Convenient access to 101 FWY
• Parking Ratio: 4.00/1,000SF
FOR SALE | South Scottsdale Investment Property3226 N Miller Rd. Scottsdale, AZ 85251
Page 2Executive Summary
MENLO GROUPP: 480.659.1777 • F: 866.226.57661809 S Holbrook Ln, Tempe, AZ 85281menlocre.com
FOR SALE | South Scottsdale Investment Property3226 N Miller Rd., Scottsdale, AZ 85251
Page 3Income & Expenses
INCOME SUMMARY PER SF
Market Rental Income $124,894 $15.57Operating Expense Reimbursement $16,571 $2.07