Coyote View Plaza 8535 E Hartford Dr

Lee & Associates is honored to present a Class A medical/professional office investment opportunity within the Perimeter Center of the coveted North Scottsdale Submarket. Coyote View Plaza, located at 8535 E. Hartford Drive, Scottsdale, Arizona is a two-story, 20,743 +/- square foot medical/professional office building, constructed by the current ownership group in 1997. The property has never been offered for sale, representing a unique and exciting opportunity for the most discriminating investor seeking an irreplaceable building in a trophy location.
Coyote View Plaza is located at the signalized intersection of Bell Road and Perimeter Drive, just one-half mile east of the entrance to TPC Scottsdale, home of the Waste Management Open and 1/4 of a mile west of the Loop 101 Freeway. The project is 92% leased to six (6) tenants. Four (4) of the tenants are owner-related entities. Ownership will offer a seller guarantee on the remaining vacant space (1,718 +/- SF) for 12 months following the close of escrow.
The Scottsdale Office Submarket has the second-largest inventory in metro Phoenix, with approximately 14.2 million SF of office space. In past years, the absence of new construction and steady demand have kept fundamentals stable in the submarket. Moving forward, the moderate construction pipeline should help keep supply and demand in balance. Scottsdale Airpark is traditionally one of the more liquid office submarkets in Phoenix. An estimated $145 million in transactions traded hands over the past 12 months, the most of any of Phoenix’s submarkets.