Bell Bank Purchases 37,495 Square Foot Office Building In Scottsdale For $10.3 Million

Bell Bank purchased an office building located at 14631 North Scottsdale Road in Scottsdale, AZ for $10.3 million. The property, measuring 37,495 square feet, has a current occupancy rate of 84.5% and is priced at $275 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,300,000
• Square Footage: 37,495
• Address: 14631 North Scottsdale Road
• Market: Scottsdale, AZ
• Price Per Square Foot: $275
• Broker Representing Buyer: Geoffrey Turbow - CBRE
• Broker Representing Seller: Shay Bolton & Kirill Azovtsev - Savills

Following the transaction, Bell Bank has indicated plans to gradually expand its footprint within the building as additional space becomes available.