OLD TOWN SCOTTSDALE INVESTMENT OPPORTUNITY
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1 WORLDWIDE FOR SALE OLD TOWN SCOTTSDALE INVESTMENT OPPORTUNITY REAL ESTATE SERVICES 6901 E. 1ST STREET SCOTTSDALE, AZ 85251
2 PROPERTY SUMMARY FOR SALE OLD TOWN INVESTMENT OPPORTUNITY 6901 E. 1ST STREET SCOTTSDALE, AZ ASKING PRICE $1,899,000 NOI $129,300 CAP RATE 6.81% SUITE 100 1,848 square feet PROPERTY HIGHLIGHTS - Located in the heart of Downtown Scottsdale just steps away from hotels, restaurants, galleries & shopping. - Seven new state of the art residences located within the complex. - New construction just completed, brand new office condominium. - Three tenant building master leased by North American Development Group. INVESTMENT OVERVIEW North American Development Group will execute a 5 year master lease agreement upon a successful close of escrow for the commercial office units located within 6901 E. 1st Street. Under the terms of the master lease, NADG will be taking possession of 1,482 SF of Suite 105 and will sublease the remaining spaces. The master lease will consist of NADG guaranteeing a net lease at a rate of $30.00/SF over a 5 year term. Therefore, a buyer will be provided with a rare chance to own a multi-tenant building located in the heart of Old Town Scottsdale, while having a nationally recognized Tenant on the master lease. TOTAL BLDG SIZE 4,310 square feet SUITE square feet SUITE 105 1,482 square feet TENANT OVERVIEW In its cumulative business history, NADG has been active in the development, acquisition, redevelopment and management of over 300 commercial properties comprising in excess of 25 million square feet of building area with a value of over $3.5 billion. Today, NADG owns over 16 million square feet of existing commercial space in the U.S. and Canada, with an additional 6 million feet in development or predevelopment. The company also owns approximately 1,600 acres of land, in the U.S. and Canada that has been acquired for future development.
3 PROPERTY SUMMARY FOR SALE OLD TOWN INVESTMENT OPPORTUNITY 6901 E. 1ST STREET SCOTTSDALE, AZ SCOTTSDALE QUARTER 18 MINUTES BILTMORE FASHION PARK 15 MINUTES DOWNTOWN PHOENIX 21 MINUTES SITE LOCATION & MARKET - Exceptional Old Town Scottsdale location and within walking distance to countless retail and restaurant amenities. - Located just minutes away from Scottsdale Stadium, home of the San Francisco Gi ants Spring Training. - Easily accessible from Loop 101 and Loop 202. SKY HARBOR AIRPORT 17 MINUTES ASU - TEMPE 12 MINUTES - Located just minutes from the Scottsdale Galleria, the high-tech hu that houses 4,000 employees from Yelp!, Weebly, SAP and McKesson. - More than 3,000 new luxury multifamily residential units recently completed or in final planning within a 3 mile radius.
4 PROPERTY OVERVIEW SITE SUMMARY PROPERTY ADDRESS 6901 E. 1st Street Scottsdale, AZ YEAR BUILT July 2017 APN & ZONING ACCESS PARKING SPACES General Office The building is accessible Via 1st Street and 69th Street. Located Southwest of Indian School and Goldwater Fifteen (15) covered, reserved parking spaces
5 FLOOR PLAN RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL OFFICE #103 = 980 SF #105 = 1482 SF North American Development Group
6 SITE PLAN RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL OFFICE #103 #105
7 EL DORADO ON 1ST Eldorado on 1st is located in the heart of Scottsdale s Arts District and comprised of seven residences. Conceived with an unmatched set of criteria, Eldorado on 1st combines spacious and functionally living spaces, cutting edge architecture, artistic design, high quality materials, total privacy and security, all within walking distance to the countless arts, dining and cultural amenities downtown Scottsdale has to offer. Currently under construction, Eldorado on 1st is set to be delivered in early
8 AREA SITE PLAN OVERVIEW 6901 E. 1ST STREET Paradise Bakery Starbucks Grimaldi s Bucca Di Beppo Paul Scott Gallery Malee s Thai Bistro May Gallery ART DISTRICT Legacy Gallery Faust Gallery Gallery Russa Overland Gallery Arizona School or Real Estate Bishop Gallery Scottsdale Fine Art Nordstrom Dillard s Macy s Burberry Bulgari Cartier FASHION SQUARE Herrera Crate & Barrel Gucci H&M Jimmy Choo Kate Spade Kona Grill Lacoste Louis Vuitton Neiman Marcus Tiffany & Co. Yardhouse Casablanca Lounge The Herb Box Tapas Papa Frita Barrio Queen The Montauk Bungalow Bar Cowboy Ciao Geisha A Go Go Original Chop Shop Diego Pops Kelly s at Southbridge Cartel Coffee lab Loco Patron Cold Beers & Cheeseburgers Dos Gringos The Brush Bar OLD TOWN SCOTTSDALE Sugar Bowl Saba s Pita House Hula s The Grapevine Tommy V s Rusty Spur Italian Grotto Bandera RA Sushi Bar RNR Rehab The Mission AZ88 T.J. Maxx PetSmart DeNova Hair Designs Sprouts Luxury Shoe and Luggage Repair Basic Training Switch Consignment Yelp Weebly Aetna GALLERIA Clearlink BlueGlobal General Dynamics Shaving Grace Firestone StringCan Interactive Clancy s Pub Pizza and Grill For Nails Only Grano Bakery Zipps Sports Grill Circle K SCOTTSDALE WATERFRONT Culinary Dropout Urban Outfitters Olive & Ivy P.F. Changs David s Bridal Creamistry ENTERTAINMENT DISTRICT W Scottsdale, Whiskey Row, Maya, The District, Dakota, LiveWire, Bottled Blonde, The Bev, Marjele s, El Hefe, Cake, Hi-fi, International Handcut Chophouse Sauce Pizza & Wine Zoes Kitchen Primp and Blow Wildfish Seafood Grille High Point Shoes
9 WORLDWIDE REAL ESTATE SERVICES FOR MORE INFORMATION CONTACT: ZAK KOTTLER Partner FOR MORE INFORMATION CONTACT: GEOFF TURBOW Partner DISCLAIMER Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information If you have received this in error, please immediately notify me by reply and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this references terms of a transaction, please note that nothing is binding until a contract is fully signed by all of the required parties. Thank you.
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