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WORLDWIDEREAL ESTATE SERVICES
FOR SALE
OLD TOWN SCOTTSDALE INVESTMENT OPPORTUNITY6901 E. 1ST STREETSCOTTSDALE, AZ 85251
PROPERTY SUMMARY
PROPERTY HIGHLIGHTS
ASKING PRICE
$1,899,000
FOR SALE
OLD TOWN INVESTMENT OPPORTUNITY
6901 E. 1ST STREETSCOTTSDALE, AZ 85251
NOI
$129,300
- 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.
TOTAL BLDG SIZE
4,310square feet
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
SUITE 100
1,848 square feet
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.
INVESTMENT OVERVIEW
In its cumulative business history, NADG has been active in the development, acquisi-
tion, 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. http://www.nadg.com/
TENANT OVERVIEW
CAP RATE
6.81%
SUITE 105
1,482square feet
SUITE 103
980 square feet
PROPERTY SUMMARY
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.
- 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.
DOWNTOWN PHOENIX21 MINUTES
SCOTTSDALE QUARTER18 MINUTES
BILTMORE FASHION PARK15 MINUTES
SKY HARBOR AIRPORT17 MINUTES ASU - TEMPE
12 MINUTES
SITE
FOR SALE
OLD TOWN INVESTMENT OPPORTUNITY
6901 E. 1ST STREETSCOTTSDALE, AZ 85251
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
PROPERTYOVERVIEW
SITE SUMMARY
PROPERTYADDRESS
6901 E. 1st StreetScottsdale, AZ 85251
YEAR BUILT July 2017
APN 130-11-491 & 130-11-480
ZONING General Office
ACCESSThe building is accessible Via 1st Street and69th Street. Located Southwest of Indian School and Goldwater
PARKING SPACES
Fifteen (15) covered, reserved parking spaces
FLOOR PLAN
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
#103 = 980 SF #105 = 1482 SF
105103
RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL
North American Development Group
OFFICE
SITE PLAN
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL
OFFICE #103 #105
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 2017. www.eldoradoon1st.com
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
EL DORADO ON 1ST
SITE PLAN
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 infor-
mation contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice.
FASHION SQUARE NordstromDillard’sMacy’sBurberryBulgariCartier
HerreraCrate & BarrelGucciH&MJimmy ChooKate Spade
Kona GrillLacosteLouis VuittonNeiman MarcusTiffany & Co.Yardhouse
GALLERIAYelpWeeblyAetna
ClearlinkBlueGlobalGeneral Dynamics
W Scottsdale, Whiskey Row,Maya, The District, Dakota,LiveWire, Bottled Blonde,The Bev, Marjele’s, El Hefe,
Cake, Hi-fi, International
ENTERTAINMENT DISTRICT
Sugar BowlSaba’sPita HouseHula’sThe GrapevineTommy V’sRusty Spur
Italian GrottoBanderaRA Sushi BarRNR RehabThe MissionAZ88
OLD TOWN SCOTTSDALE
Paradise BakeryStarbucksGrimaldi’sBucca Di BeppoPaul Scott GalleryMalee’s Thai BistroMay Gallery
Legacy GalleryFaust GalleryGallery RussaOverland GalleryArizona School or Real EstateBishop GalleryScottsdale Fine Art
ART DISTRICT
Casablanca LoungeThe Herb BoxTapas Papa FritaBarrio QueenThe MontaukBungalow Bar Cowboy CiaoGeisha A Go Go
Original Chop ShopDiego PopsKelly’s at SouthbridgeCartel Coffee labLoco PatronCold Beers & CheeseburgersDos GringosThe Brush Bar
AREA OVERVIEW
Culinary DropoutUrban OutfittersOlive & IvyP.F. ChangsDavid’s BridalCreamistry
Handcut ChophouseSauce Pizza & WineZoes KitchenPrimp and BlowWildfish Seafood GrilleHigh Point Shoes
SCOTTSDALE WATERFRONT
T.J. MaxxPetSmartDeNova Hair DesignsSproutsLuxury Shoe and Luggage RepairBasic TrainingSwitch Consignment
Shaving GraceFirestone StringCan InteractiveClancy’s Pub Pizza and GrillFor Nails OnlyGrano BakeryZipps Sports GrillCircle K
6901 E. 1ST STREET
Kona GrillLacosteLouis VuittonNeiman MarcusTiffany & Co.Yardhouse
FOR MORE INFORMATION CONTACT:ZAK [email protected]
WORLDWIDEREAL ESTATE SERVICES
DISCLAIMERAlthough 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 contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice. If you have received this e-mail in error, please immediately notify me by reply e-mail and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this email 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.
FOR MORE INFORMATION CONTACT:
GEOFF TURBOWPartner
