Scottsdale Airpark Property Sold for $7.3 Million

On behalf of Dunbar Real Estate Holdings, LLC, Cushman & Wakefield recently negotiated the purchase of The Scottsdale Business Center, located at 13402 North Scottsdale Road in Scottsdale, Ariz., for $7.3 Million.

Michael Kitlica with Cushman & Wakefield consulted for the buyer. Jan Fincham, Pat Dempsey and Mark Linsalata with Lee & Associates represented the seller, Los Angeles-based Dayan Investments.

The Scottsdale Business Center consists of two, single-story brick construction buildings totaling 56,439 square feet in size. Built in 1985, the property is located in the Scottsdale Airpark, one of Arizona’s largest employment centers with over two million square feet of commercial space and home to over 2,500 businesses. The property offers Scottsdale Road frontage as well as access to three different freeway interchanges within two miles of the asset.

“Dunbar Real Estate Investment Management acquired Scottsdale Business Center to add to its already impressive holdings within the Scottsdale Airpark. This asset is currently undergoing a complete and total renovation to attract both retail and office tenants that covet contemporary building finishes along with Scottsdale Road frontage,” said Kitlica.

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