15610 N SCOTTSDALE Road, Scottsdale, AZ 85254
$11,000,000
Property Type:
Comm/Industry Sale
Square Footage:
16,049
Lot Size (sq. ft.):
41,250
Status:
Closed
Current Price:
$11,000,000
List Date:
7/14/2021
Last Modified:
8/21/2025
Description
Bassett Furniture Corporate NNN Lease with Rare Annual Increases. Currently in year 5 of 10 yr lease with two 5 year options. Limited Landlord Responsibilities. Beautiful building with all AC's replaced in 2017. This site is within 1 mile of multiple premium high end outdoor shopping centers including Scottsdale Quarter (400,000 SF), Kierland Commons (437,000SF) and the Promenade (569,000SF), further increasing consumer draw to the subject property and promoting crossover traffic to the site. Easy access to Scottsdale Airport, one of the top 25 FBO's in the nation.
More Information MLS# 6264086
Contract Info
Ownership: Fee Simple
Current Price: $11,000,000
Sold Price: $11,000,000
Status: Closed
List Date: 2021-06-13
Location, Tax & Legal
Assessor's Map #: 42
Legal Description (Abbrev): LOT 4B4 KIERLAND PARCEL 6A MCR 044339
Assessor's Parcel #: 12
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103219
Taxes: 38537
Legal: LOT 4B4 KIERLAND PARCEL 6A MCR 044339
Map Code/Grid: L37
House Number: 15610
Compass: N
Street Name: SCOTTSDALE
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85254
Zip4: 2124
County Code: Maricopa
Subdivision: KIERLAND PARCEL 6A
Assessor Number: 215-42-012
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 16049
Ttl Apx Net Rnt Spc: 16049
# of Buildings: 1
Uncvrd Parking Spcs: 34
Year Built: 1999
Zoning: C2
Legal Info
Range: 4E
Section: 3
Township: 3N
Lot Number: 4B4
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Bay Info
# of Bays: 1
# of Bay Doors: 1
Bay Door Height: 12
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 400
Operating Exp: 38937
Other Income: 3500
Vacancy Allowance: 0
Adjusted Gross Inc: 575024
Building Type
Commercial: 1
Business Type
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.2
Equity: 11000000
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Office A/C: 1
Loading Facilities
Grade Level: 1
Exterior
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Private: 1
Paved: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 1
Existing 1st Loan
Treat as Free&Clear: 1
Use Restrictions
Currently Leased: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: SCOTTSDALE / FRANK LLOYD WRIGHT BLVD
Directions: SOUTH ON SCOTTSDALE ROAD APPROX 1 MILE TO BUILDING ON RIGHT.
Geo Lat: 33.628004
Geo Lon: -111.926306
Status Change Info
Off Market Date: 2021-11-12
Under Contract Date: 2021-11-11
Close of Escrow Date: 2021-12-15
Sold Price: $11,000,000
Income Expenses
Gross Annual Sch Inc: 571524
Net Operating Income: 571524
Property Features
Building Type: Commercial
Business Type: Retail
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Wood; Ceramic Tile; Carpet
Ceiling Height: 14.1 Feet to 16 Feet
Cooling: Central Air; Office A/C
Loading Facilities: Grade Level
Exterior: Building Sign; Monument Sign
Fencing: None
Parking Features: Parking Lot; Private; Paved
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Traffic Count: 35,001 to 50,000
Use Restrictions: Currently Leased
Environmental: None
Listing Office:
West USA Realty
Last Updated: August - 21 - 2025
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