8955 E PINNACLE PEAK Road, Scottsdale, AZ 85255
$2,950,000
Property Type:
Comm/Industry Sale
Square Footage:
17,122
Lot Size (sq. ft.):
73,225
Status:
Closed
Current Price:
$2,950,000
List Date:
2/24/2025
Last Modified:
4/18/2025
Description
Pinnacle East Corporate Center offers a rare opportunity for an owner-user or investor. This ±17,122 SF commercial building, zoned C-2, was built in 1999 and features a single floor, with 7 rentable suites ideal for Executive or Professional Office use. With three recently vacated spaces, it's ready for immediate occupancy or re-leasing, offering strong investment potential. Situated in the desirable Pinnacle Peak area of Scottsdale, the property presents a unique opportunity to establish your business or secure as an investment.
More Information MLS# 6762378
Contract Info
Ownership: Fee Simple
Current Price: $2,950,000
Sold Price: $2,950,000
Status: Closed
List Date: 2024-09-25
Location, Tax & Legal
Assessor's Map #: 7
Legal Description (Abbrev): LOT 3 DESERT VILLAGE SHOPPING CENTER MCR 042933
Assessor's Parcel #: 943
Add'l Parcels: No
Tax Municipality: Scottsdale
Census Tract: 216851
Taxes: 27535
Legal: LOT 3 DESERT VILLAGE SHOPPING CENTER MCR 042933
House Number: 8955
Compass: E
Street Name: PINNACLE PEAK
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85255
Zip4: 3660
County Code: Maricopa
Subdivision: DESERT VILLAGE SHOPPING CENTER
Assessor Number: 217-07-943
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 17122
# of Buildings: 1
Uncvrd Parking Spcs: 30
Lot Size Dimensions: 208x293x104x141x588
Year Built: 1998
Zoning: C2
Legal Info
Range: 5E
Section: 18
Township: 4N
Lot Number: 3
Construction
Stucco: 1
Wood Frame: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.04
Equity: 4000000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Fencing
Partial: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Electric
City Electric: 1
Gas
None: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Carryback
Loan Years: 2
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: N. Pima Rd.
Directions: 101 to N Pima Rd. Right on E. Pinnacle Peak Rd.
Geo Lat: 33.697514
Geo Lon: -111.887502
Status Change Info
Off Market Date: 2025-03-21
Under Contract Date: 2025-03-06
Close of Escrow Date: 2025-04-14
Sold Price: $2,950,000
Income Expenses
Gross Annual Sch Inc: 366097.83
Net Operating Income: 201600.08
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Stucco; Wood Frame
Roofing: Rolled
Floors: Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Fencing: Partial
Parking Features: Parking Lot
Electric: City Electric
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office:
RealtyONEGroup Mountain Desert
Last Updated: April - 18 - 2025
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