Office Investment in North Scottsdale
Investment opportunity to acquire the Alamos Building at 8787 E Pinnacle Peak Road in Scottsdale. This two-story building consists of ±21,731 square feet on ±1.22 acres of land. Current occupancy is 94 percent. Sale price is $3.6 million. NOI projected for 2019 is $256,585.
The Alamos Building is a vibrant Spanish Colonial style, multi-tenant office building with upgraded features. This unique North Scottsdale property sits on the southwest corner of Pinnacle Peak and Pima Road, creating great visibility for clients and guests, as well as stunning views of McDowell Mountain.
The offices enclose a beautifully landscaped and maintained gated courtyard. Guests are first greeted by the plaza’s decorative wrought iron entry and impressive Spanish fountain. Other exterior architectural features include open air walkways, decorative columns and Saltillo tile, surrounded by an ornate second story balustrade.
Built in 1985 and refurbished in 2013
Parking: 4.3/1,000, 91 total spaces of which 30 are covered
Occupancy: 94 percent
NOI: $256,858 (projected 2019)
Prime frontage with ±255 ft. on Pima Road and ±205 ft. on Pinnacle Peak Road
Southwest corner of Pinnacle Peak and Pima roads, with high-end commercial properties on each corner
Amenity rich area includes Mastro’s Steakhouse, Preston’s Steakhouses, My Sister’s Closet, AJ’s Fine Foods, Starbucks and Wells Fargo
Average HH income within one-mile radius: $173,387
Tax Assessor Parcel Number: 212-01-589
- Property Type
Office
- Submarket
- Year Built
1985Renovated 2013
- Total Building Size
1,215RSF
- Total Acres
0.5
- Number of Floors
2
- Building Class
B
- Zoning
C-2
- Property ID
1942139
