TradeCor Purchases SAARS Building for $2.1M

ctlogosU.S. commercial real estate services provider Cassidy Turley completed the $2.1 million ($247.06 per square foot) sale of Scottsdale Area Association of Realtors Building, a Class B office building at 4221 N. Scottsdale Road in the Scottsdale submarket.

Cassidy Turley Managing Director Mark Bramlett, Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover negotiated the transaction on behalf of the seller and buyer.

Built in 1982, SAARS Building is a two-story, 8,500-square-foot office building on .57 acres located in the heart of the Old Town Scottsdale entertainment district at Scottsdale Road and Fourth Avenue.

The Scottsdale Area Association of Realtors occupied the building since 1982 and recently purchased a building at the Scottsdale Airpark for its new headquarters. No details have been disclosed for redevelopment at this time.

“We are anxious to watch the evolution of this site in the near future,” said Mr. Bramlett. “Based on its zoning, the property has the potential to be redeveloped as a restaurant, bar or for numerous other adaptive reuses.”

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