7337 E. Shea Blvd.
Scottsdale, AZ

Price $5,000,000
Building Area 12,716 SF
Land Area 1.998 Acres
Price per SF $393.21
Price per SF (land only) $57.39
Occupancy 100%
Cap Rate (Actual) 7.5
Cap Rate (Proforma) 7.01
Year Built 2004

This center is located on Shea Blvd., just east of Scottsdale Road. It is a high-visibility center comparable to a multi-tenant pad building with all suites directly facing Shea. It was built in 2004. It is 100% internet proof with two successful restaurants- one of which has a drive-thru, and two salon businesses. Average income in a 3-mile radius is $134,020. A pad building has been preliminarily approved by the City of Scottsdale that could be built in the rear of the center without losing any parking spaces. There is a huge amount of owned parking (6.61 per 1,000). This is virtually a one of a kind shopping center combining prime location, great visibility, busy traffic and high-income demographics.

Download the SheaScott Sales Flyer

Download the Drone Video