El Dorado Square
Once-In-A-Generation Opportunity to Own an Architectural Landmark on Scottsdale Road
Marketing description
AN UNRIVALED ADDRESS AT THE CENTER OF SCOTTSDALE’S MOST PRESTIGIOUS CORRIDOR
— The Northeast Valley/Scottsdale office submarket closed Q4 2025 with a 15.1% vacancy rate – the lowest of any submarket in Metro Phoenix – and recorded 456,316 SF of positive net absorption year-to-date, reflecting sustained and measurable tightening in occupancy that has translated directly into pricing power: average asking rents within the Central Scottsdale submarket have a high asking rate of $38.76/SF FSG by Q1 2026, among the highest in the metro. 6623 N Scottsdale Road sits at the center of that performance, on the corridor that has historically set the ceiling for what Scottsdale office ownership commands.
— The property sits at the geographic heart of Scottsdale’s most sought-after destinations: Old Town Scottsdale and Scottsdale Fashion Square to the south, the Scottsdale Quarter and Kierland Commons to the north, the JW Marriott Camelback Resort and Camelback Mountain to the southwest, and the luxury residential communities of McCormick Ranch to the east – with Paradise Valley, home to the highest concentration of wealth in Metro Phoenix, bordering the property directly to the west.
ELITE DEMOGRAPHICS AND THE STRONGEST OFFICE SUBMARKET IN METRO PHOENIX
— The 3-mile trade area surrounding 6623 N Scottsdale Road is among the most affluent in the entire state, with an average household income of $204,613 – projected to grow to $224,361 by 2030 – a per capita income of $106,880, and a median owner-occupied home value of $740,011, with an average value of $939,350. Nearly 29% of owner-occupied households carry values exceeding $1,000,000 – a concentration of residential wealth that reflects the extraordinary depth and quality of the market immediately surrounding this asset.
Investment highlights
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A ONCE-IN-A-GENERATION OPPORTUNITY TO OWN AN ARCHITECTURAL LANDMARK ON SCOTTSDALE ROAD
— An extraordinarily rare opportunity to acquire ±12,860 SF of one of the most architecturally distinctive office buildings in all of Metro Phoenix – a Spanish Colonial estate-style property constructed in 2006, featuring a red clay tile roof, stucco and brick exterior, sculptural fountain, and manicured grounds. Inside, the building carries that same design integrity across three fully improved levels, with a grand lobby, wood beam and tongue-and-groove ceilings, wrought iron stair railings, and a covered balcony - delivering the functional sophistication of a first-class office with the character and curb appeal of a landmark estate.
— The three-level layout provides natural separation between a grand client-facing main floor, executive offices and covered balcony on the upper level, and a fully built-out lower level with its own exterior access – all served throughout by a common elevator.
— At a 4/1,000 parking ratio, the building occupies the precise size bracket most underserved in today’s market: substantial enough for a meaningful organization, intimate enough to preserve the culture and client experience that defines best-in-class tenants.
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