A 35,077 SF manufacturing building at 15550 N. 78th St., Scottsdale, sold recently for $3,910,000 or $111.47 per SF.
Lee & Associates Principal Steve Farrell represented the buyer, MBBE AZ, LLC, Scottsdale while Lee Principals Stein Koss, Tom Louer and Associate Nick Nudo represented the seller, Industrial Electric Wire & Cable, Inc., Scottsdale.
MBBE AZ, LLC will be entering into a lease with Drivers Club, a membership based community of automotive enthusiasts where members are offered a full range of services including collection management, programmed events, entertainment offerings, and automobile storage — all in a modern, conditioned, secure, and convenient location. The Scottsdale location will open in Fall 2017 after an extensive $2.5M renovation. Drivers Club Seattle will open March of 2018 with ground breaking to commence this June.
Built in 1995, the freestanding building sits on 2 acres with proximity to the Loop 101 Pima Freeway, Scottsdale Airpark runway and to nearby luxury retail locations such as Kierland Commons, Scottsdale Quarter and The Promenade.