For Sale
$1,600,000

6901 1St StScottsdale, AZ 85251

Luxury Office, 100% Leased, NNN

Overview

Added:
Feb 3
Days on market:
65
This exceptional investment opportunity presents a fully leased ground floor office condominium situated in the vibrant Arts District of Downtown Scottsdale, Arizona. The property, constructed in 2018, boasts a total of approximately 2494 square feet spread across two office suites, currently operating under Triple Net (NNN) leases, ensuring a passive income stream for the owner. The building itself is a modern structure, featuring seven luxury residential units above the commercial space. This prime location within the Arts District offers high visibility and accessibility, attracting a desirable tenant base. The sale includes nine covered parking spaces, a significant advantage in this sought-after area. The property sits on a 0.06-acre lot, providing ample space for the building and its associated parking. This is an ideal acquisition for investors seeking a stable, high-return investment in a thriving urban environment. The 100% occupancy rate minimizes vacancy risk, and the NNN lease structure shifts most operating expenses to the tenants. The modern construction and desirable location combine to create a compelling investment opportunity with significant long-term potential. This turnkey investment requires minimal management, making it an attractive option for both seasoned and new investors. The property's strong financial performance and prime location make it a rare find in the competitive Scottsdale market.

Property Details for 6901 1St St

Property type
Year Built
2018
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.49196
Longitude
-111.9323
6901 1St St, Scottsdale, Arizona

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6901 1St St
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