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
Interior Features
Finished: 1 Fire Sprinklers: 1 Public Restrooms: 1
Loading Facilities
Grade Level: 1
Road Surface Type
Asphalt: 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
Building Features
Showroom: 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
Existing 1st Loan Terms
Not Applicable: 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 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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