Cassidy Turley Completes $1.925 Million Sale of Redrock Business Center

Red Rock Business Center
Redrock Business Center

Cassidy Turley announced they successfully sold two office buildings of the Redrock Business Center equaling ±21,190-square-feet at 17100 East Shea Boulevard in Scottsdale. A2Z Properties (Scottsdale, AZ) purchased the property for $1,925,000 ($90.84/psf) from MJA Investments (Lincoln, NE). Executive Managing Director Eric Wichterman, and Senior Vice President Mike Coover with Cassidy Turley negotiated the transaction on behalf of the buyer and seller.

Built in 2000, Redrock Business Center is a single-story Class B office complex featuring four (4) buildings designed to accommodate multiple tenants. The property is located in the Fountain Hills submarket at a high-traffic signalized intersection near the Beeline Highway 87. The building features great visibility from Shea Boulevard. The centers two buildings were 73 percent occupied at the time of sale.

Leave a Reply

Your email address will not be published. Required fields are marked *

three + fifteen =