702 Bell RdPhoenix, AZ 85022

Property Details for 702 Bell Rd

Year built

1986

Construction

CONCRETE

Lot size

4.88 AC

Property size (Sq ft)

33,715 SF

Zone code

C-2

Property type

Office buildings

APN

214-13-001M

APU

21413001M

Description

LeCota Office Park, a premier Phoenix, Arizona medical office complex, offers exceptional leasing opportunities. This two-building property, totaling 84,900 square feet, boasts a Class B designation and was constructed in 1985. Located at 702 E Bell Rd, Phoenix, AZ 85022 (Maricopa County, Deer Valley/Airport submarket), the park enjoys a highly desirable location between HonorHealth Deer Valley Medical Center and Abrazo Scottsdale Campus. The property features single-story buildings with ample parking (4.5 spaces per 1,000 square feet), ensuring convenient access for staff and visitors. Currently, five spaces are available, ranging from 998 to 2,030 square feet. The property is zoned C-2, Phoenix. Leasing rates are competitive, with office spaces at $27.00 per square foot and medical/dental suites at $29.50 per square foot. Tenants benefit from high visibility due to monument signage on 7th Street and Bell Road. On-site amenities include a Starbucks, adding to the convenience and appeal of this exceptional location. The property's APN is 214-13-001M. This is a full-service lease opportunity in a thriving medical corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $6,239,360

  6.5%

  $5,759,410

  7%

  $5,348,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,197,170

  Geo Method

  $5,197,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,204,200

  Retail / Commercial

  $6,088,880

  Mixed-Use / Specialty

  $5,933,690

  Hospitality / Lodging

  $4,179,570

  Institutional / Educational

  $6,120,940

  Residential Income

  $7,161,500

  Multifamily

  $9,329,130

  Automotive / Energy

  $5,246,520

  Parking / Income-Based Land

  $1,942,390

  Restaurant / Food Service

  $2,801,280

  Healthcare / Senior Housing

  $6,221,780

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6414

Longitude

-112.064

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].