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27664999
27665000

6901 E 1st St, Scottsdale, AZ 85251

GN
SA513292000
West USA Realty
Listed by West USA Realty
$1,490,000
230 days on market
Updated 120 days ago
Opportunity zone

Eldorado on 1st

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 2,494
Units 2
Cap Rate 5.51%
NOI $82,041
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $597
Year Built 2018
Investment Type Net Lease
Sale Condition 1031 exchange

Office | 5.51% CAP | 2,494 SqFt

Marketing description

West USA Realty , as Exclusive Advisor to Seller, is pleased to present to qualified investors, the opportunity to acquire a 100% fully leased office condominium on the 1st floor of Eldorado on 1st. The property has two stable tenants, consisting of a ±2,494 Square Foot. This is beautifully designed building constructed in 2018 in the heart of Downtown Scottsdale's Arts District and has luxury residential residences above. The diverse mix of Business and Residential Tenants at Eldorado on 1st is ideally located adjacent to OLD TOWN SCOTTSDALE .

Investment highlights

The office Condominium models innovation, from the 2018 construction , modern architecture to the 2,494 sq. ft. of total space and elegant architectural elements throughout. The space itself features ample natural light, expansive floor-to-ceiling windows, and workspaces with views that will impress the best of your clients. "Trophy" building amenities include office space with private bathrooms, covered parking with 9 spaces. Bright and spacious interiors with expansive storefronts, elegant finishes and tasteful architecture is the perfect canvas.

Listing Contacts

GN
SA513292000
West USA Realty
Listed by West USA Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$82,041.00
$6,836.75/mo

Valuation Metrics

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DSCR
5.51%
Cap Rate
5.51%
ROI

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