7000 Shea Blvd Scottsdale, AZ 85254
85,839 SF, 7 bldgs, high occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- ±85,839 SF mixed-use retail/office development with seven buildings and a two-level subterranean parking garage.
- High-quality, 1994 construction with a $12 million renovation (2019-2020).
- ±97% leased to a mix of retail (53%) and office (47%) tenants.
- High leasing success post-renovation, filling 3⁄4 of the property in 14 transactions.
- Below-market rents: restaurants ±51%, retail shops ±30%, and office ±14%. 3-mile radius retail vacancy is 1.7%.
- Offered below replacement cost and comparable sales.
Property Details for 7000 Shea Blvd
- Property type
- Retail properties, Restaurants
- Square Feet
- 85,839 SF
- Class
- A
- Year Built
- 1994
- Buildings
- 7
- Stories
- 1
- Lot Size (sq. ft)
- 193,406 SF
Location Insight
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.5825113
- Longitude
- -111.9298542
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - 85,839 SF, 7 bldgs, high occupancy
- Where is the retail property located?
- The property is located at 7000 Shea Blvd Scottsdale, AZ.
- What is the asking price?
- The asking price for this property is $22,700,000.
- What are key features of this property?
- This property features: ±85,839 SF mixed-use retail/office development with seven buildings and a two-level subterranean parking garage.; High-quality, 1994 construction with a $12 million renovation (2019-2020).; ±97% leased to a mix of retail (53%) and office (47%) tenants.
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