7425 Shea BlvdScottsdale, AZ 85260

Property Details for 7425 Shea Blvd

Year built

1998

Construction

STEEL FRAME

Lot size

2.65 AC

Property size (Sq ft)

43,639 SF

Zone code

S-R

Property type

Medical offices

Property subtype

Medical centers

APN

175-48-001G

APU

17548001G

Description

This exceptional Class A medical office building, Shea Medical Plaza, is located at 7425 E Shea Blvd in Scottsdale, Arizona, 85260. The single-story, 42,439 square foot building, constructed in 1999, offers multiple tenancy options with 3,865 square feet currently vacant. Suites range from 2,729 to 8,174 square feet, providing flexibility for various medical practices. The property boasts a prime location on heavily trafficked Shea Boulevard, ensuring high visibility and easy access. Convenient amenities include 35 total parking spaces in an underground garage with covered parking and elevator access. The S-R zoning allows for a variety of uses. The building features built-out suites ready for immediate occupancy, minimizing downtime for new tenants. Prominent building signage opportunities further enhance visibility. The property is situated near major healthcare facilities like Honor Health, providing a strategic advantage within the Scottsdale submarket. The Maricopa County location (APN 175-48-001G) offers a thriving business environment with no use restrictions, allowing for adaptable space utilization. This combination of location, amenities, and flexible space makes Shea Medical Plaza an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $13,834,085

  6.5%

  $12,769,925

  7%

  $11,857,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,844,086

  Geo Method

  $9,844,086

• Alternative Use

  Use

  Valuation

  Residential

  $15,834,706

  Hospitality

  $14,504,506

  Educational

  $12,067,579

  Medical

  $12,482,601

  Retail

  $18,771,790

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.5813

Longitude

-111.921

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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