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
Overview
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.
Listing Details MLS# 6264086
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Ttl Apx SqFt Bldg
- 16049
- Ttl Apx Net Rnt Spc
- 16049
- # of Buildings
- Yes
- Year Built
- 1999
- Uncvrd Parking Spcs
- 34
- Zoning
- C2
Remarks Misc
- Cross Street
- SCOTTSDALE / FRANK LLOYD WRIGHT BLVD
- Directions
- SOUTH ON SCOTTSDALE ROAD APPROX 1 MILE TO BUILDING ON RIGHT.
Status Change Info
- Off Market Date
- 2021-11-12
- Under Contract Date
- 2021-11-11
- Close of Escrow Date
- 2021-12-15
Legal Info
- Township
- 3N
- Range
- 4E
- Section
- 3
- Lot Number
- 4B4
More Information
Bay Info
- # of Bays
- Yes
- # of Bay Doors
- Yes
- Bay Door Height
- 12
Income Expenses
- Gross Annual Sch Inc
- 571524
- Net Operating Income
- 571524
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
Roofing
- Built-Up
- Yes
Floors
- Concrete
- Yes
- Wood
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
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
- Yes
Business Type
- Retail
- Yes
Stories
- 1 Story
- Yes
Pmt & Rate Info
- Cap Rate
- 5.2
- Equity
- 11000000
- Total Owed
- 0
Showing Notification Methods
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Ceiling Height
- 14.1 Feet to 16 Feet
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
- Office A/C
- Yes
Interior Features
- Finished
- Yes
- Fire Sprinklers
- Yes
- Public Restrooms
- Yes
Loading Facilities
- Grade Level
- Yes
Road Surface Type
- Asphalt
- Yes
Exterior
- Building Sign
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Owner
- Yes
Traffic Count
- 35,001 to 50,000
- Yes
Fencing
- None
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 2.1 - 5 Miles
- Yes
Building Features
- Showroom
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Parking Lot
- Yes
- Private
- Yes
- Paved
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
New Financing
- Cash Only
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Use Restrictions
- Currently Leased
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
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
Interior Features:
Finished; Fire Sprinklers; Public Restrooms
Exterior:
Building Sign; Monument Sign
Fencing:
None
Building Features:
Showroom
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
Existing 1st Loan Terms:
Not Applicable
Road Surface Type:
Asphalt
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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