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| PROPERTY
LOCATION |
SHPS Building
9305 East Via de Ventura
Scottsdale, Arizona
85258
map it
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| PROPERTY SUMMARY |
Type:
Office
Class:
A
Price:
Contact Broker
Auction
Measurement/Yardstick:
64,835
Sq Ft
Number of Buildings:
1
Number of Floors:
2
Occupancy:
100%
Year Built:
2005
Year Renovated:
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| PROPERTY
DESCRIPTION |
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SHPS Building is a 64,835 sf class A office building located within the Salt-River Pima-Maricopa Indian Community, just east of the border of Scottsdale in Maricopa County, 14 miles NE of the Phoenix CBD. The asset is adjacent to the I-10 and is located on an E/W thoroughfare connecting I-101 to Paradise Valley. The 2-story improvements were built in 2005 and are subject to a sublease of a master ground lease for the 5.47-acre parcel. The ground lease payment is currently $173,746 ($0.73/sf) and expires on 2/2067 (no options). Base rent is adjusted each 4th year period based on CPI. The next rent adjustment is 1/2020 (assumed in 2020 budget).
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For more information contact
Eric Wichterman
Cushman & Wakefield US, Inc.
eric,wichterman@cushwake.com
Tel:
602-2247-4471
http://www.cushwake.com
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Any information that may be provided by LNR Partners, LLC. under this “General
Property Information” is for informational purposes only and is subject to
change at any time without notice at the sole and absolute discretion of LNR
Partners, LLC. This is not to be construed as an offer, commitment or promise
of any kind by LNR Partners, LLC. Please contact the appropriate individual
referred to above for more information on this property. The information
provided herein has been obtained from third party sources. While LNR Partners,
LLC. has no reason or basis to doubt the accuracy of such information, LNR
Partners, LLC. makes no guarantee, covenant, warranty or representation about
its accuracy and disclaims any liability with respect thereto. It is your
responsibility to confirm that this information is accurate and complete.
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