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
Country: US
County Code: Maricopa
Subdivision: KIERLAND PARCEL 6A
Assessor Number: 215-42-012
Tax Year: 2020

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 $/%: $

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