SHEASCOTT PLAZA
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.