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92 Mountain View 10001 N 92nd St

116,200 SF Vacant Office Building Scottsdale, AZ 85258 £11,460,225 (£99/SF)

Investment Highlights

  • Prominent Building Signage
  • High Demand for Spec Suites
  • Be the First Comprehensive Value Add and Reposition in Submarket
  • Blank Slate Investment
  • Adjacent to Major Medical Hub

Executive Summary

• Institutional quality, 2-Story, Class A office building totaling ±116,200 rentable square feet
• Positioned upon a large ±7.44-acre site, 92 Mountain View provides a rarely seen opportunity to acquire and redevelop an in-fill, high profile, Scottsdale land site located directly across 92nd Street from the world-class, 433-bed, HonorHealth Shea Medical Center
• Timeless architecture with red brick exterior, tinted spandrel glass, and seven 2nd floor exterior balconies offering unparalleled McDowell Mountain views
• Abundant ±5.47 per 1,000 SF parking ratio via surface parking spaces and a two-level detached parking structure
• Thriving, “flight to quality” office submarket – the Central Scottsdale office submarket achieved nearly 1M SF of gross leasing activity in 2023!
• “Blank slate” investment opportunity as prior ownership recently demolished the tenant improvements and has brought back to shell condition, thus allowing an unparalleled opportunity to create a cutting-edge, “flight to quality”, office or medical office destination
• The offering includes fully permitted plans with the City of Scottsdale which include common area upgrades, exterior enhancements, restroom improvements, spec suites, exterior lounge, and coffee bar among many other experiential building improvements
• Abundant surrounding retail amenities, much of which is walkable retail via the Sprouts Farmers Market grocery anchored retail center located immediately to the north of the Property
• Tremendous regional transportation access with two Loop 101 Freeway full diamond interchanges less than one mile from the Property
• C-O City of Scottsdale zoning allows for a myriad of building uses including general office, veterinary hospital, day care center, school, health and fitness, and medical lab among many other uses!

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Office
Building Size
116,200 SF
Building Class
A
Year Built
1997
Price
£11,460,225
Price Per SF
£99
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
58,100 SF
Slab to Slab
13 ft
Building FAR
0.36
Land Acres
7.44 AC
Zoning
C-O PCD, Scottsdale - Office use and out-patient Medical use.
Parking
378 Spaces (6 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Conferencing Facility
  • Fitness Centre
  • Signage
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 58,100 SF
  • Office/Medical
  • Spec Suite
  • Now

Interiors have been completelydemolished, allowing the opportunity to immediately create value.

  • 2nd Floor
  • 58,100 SF
  • Office/Medical
  • Spec Suite
  • Now

Interiors have been completely demolished, allowing the opportunity to immediately create value.

Space Size Space Use Condition Available
1st Floor 58,100 SF Office/Medical Spec Suite Now
2nd Floor 58,100 SF Office/Medical Spec Suite Now

1st Floor

Size
58,100 SF
Space Use
Office/Medical
Condition
Spec Suite
Available
Now

2nd Floor

Size
58,100 SF
Space Use
Office/Medical
Condition
Spec Suite
Available
Now

1st Floor

Size 58,100 SF
Space Use Office/Medical
Condition Spec Suite
Available Now

Interiors have been completelydemolished, allowing the opportunity to immediately create value.

2nd Floor

Size 58,100 SF
Space Use Office/Medical
Condition Spec Suite
Available Now

Interiors have been completely demolished, allowing the opportunity to immediately create value.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
217-36-160A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,344,987
  • Listing ID: 31740084

  • Date on Market: 08/05/2024

  • Last Updated:

  • Address: 10001 N 92nd St, Scottsdale, AZ 85258

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