For Sale
$623,238

8155 Indian Bend Rd Scottsdale, AZ 85250

1,562 SF Office, 5.98% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Scottsdale office space, located at 8155 E Indian Bend Rd, Suite 103, presents a compelling investment opportunity. The 1,562 square foot unit is situated within the Indian Bend Corporate Center and boasts a desirable location in the 85250 zip code. Currently leased to a State Farm agent under a triple-net (NNN) lease, the property generates a substantial net operating income. The lease commenced in February 2023 and expires in May 2026, with a single three-year renewal option at market rates, extending the potential lease term to May 2029. The asking price is $623,238, representing a 5.98% capitalization rate. The property features a spacious open reception area, a private bathroom, a storage closet, three private offices, and a large breakroom, all with modern finishes. The property is zoned PCC (Maricopa County APN: 174-11-410, 174-11-412) and offers a strong, stable income stream for investors seeking a traditional office investment in a prime Scottsdale location. The current net operating income is $37,296 annually. This is a turnkey investment ready for immediate income generation.

Highlights

  • 1,562 SF office condo in Scottsdale's Indian Bend Corporate Center (85250).
  • NNN lease with State Farm through May 2026, with a 3-year option.
  • $623,238 asking price, 5.98% cap rate, $37,296 annual NOI.
  • Features include open reception, private bathroom, storage, three private offices, and breakroom.
  • Zoned PCC (Maricopa County APN: 174-11-410, 174-11-412).

Property Details for 8155 Indian Bend Rd

Property type
Office properties
Square Feet
1,562 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.5367462
Longitude
-111.9050963

FAQs

What type of property is this?
Office property - 1,562 SF Office, 5.98% Cap Rate
Where is the office property located?
The property is located at 8155 Indian Bend Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $623,238.
What are key features of this property?
This property features: 1,562 SF office condo in Scottsdale's Indian Bend Corporate Center (85250).; NNN lease with State Farm through May 2026, with a 3-year option.; $623,238 asking price, 5.98% cap rate, $37,296 annual NOI.
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8155 Indian Bend Rd
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