8155 Indian Bend RdScottsdale, AZ 85250

Property Details for 8155 Indian Bend Rd

Lot size

3.71 AC

Zone code

PCC

Property type

Office properties

APN

174-11-425

APU

17411425

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $51,294,756

  6.5%

  $47,349,004

  7%

  $43,966,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,500,424

  Geo Method

  $36,500,424

• Alternative Use

  Use

  Valuation

  Residential

  $58,712,764

  Hospitality

  $53,780,576

  Educational

  $44,744,808

  Medical

  $46,283,652

  Retail

  $69,603,032

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.5368

Longitude

-111.905

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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