For Sale
$5,750,000

8535 Hartford DrScottsdale, AZ 85255

Class A Medical Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A medical office building, Coyote View Plaza, presents a rare investment opportunity in the highly desirable North Scottsdale submarket. Located at 8535 E. Hartford Dr, Scottsdale, AZ 85255, this two-story, 20,743 square foot property boasts a prime location at the signalized intersection of Bell Road and Perimeter Drive, just a half-mile from TPC Scottsdale and a quarter-mile from the Loop 101 Freeway. Built in 1997 and meticulously maintained, the building features six tenants with 100% occupancy, generating a strong NOI of $357,101 and a 6.21% cap rate. The asking price is $5,750,000, translating to $277.20 per square foot. Recent capital expenditures include exterior painting (March 2024), parking lot resurfacing (April 2024), sprinkler head replacement (March 2024), LED lighting upgrades (2021), and cooling tower improvements (2024). The roof was replaced in 2021 and is under an annual maintenance program. The property sits on a 1.96-acre lot and is zoned I-1. This stabilized investment offers a compelling return in a thriving market with high household incomes and home values within a three-mile radius. The building's strong tenant base and strategic location make it an ideal addition to any portfolio. This is a truly generational asset, never before offered for sale.

Highlights

  • Rarely available, 1997-built generational asset, first time on market.
  • Excellent location, 3,000 feet from the Waste Management Open.
  • Prime investment opportunity in a top-performing Phoenix submarket.
  • Highly accessible, 1/4 mile from Loop 101 freeway.
  • Strong demographics: $134,220 average household income and $600,000 median home value within 3 miles.
  • Tenant base with strong internet resistance.

Property Details for 8535 Hartford Dr

Property type
Office properties, Medical offices
Square Feet
20,743 SF
Class
A
Year Built
1997
Stories
2
Lot Size (sq. ft)
85,378 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.6405276
Longitude
-111.8962428
8535 Hartford Dr, Scottsdale, Arizona

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8535 Hartford Dr
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