Bell Bank Purchases 37,495 Square Foot Office Building In Scottsdale For $10.3 Million
14631 Scottsdale Road
$10,300,000
$274/SF
Building Size
37,495 SF
Asset Type
Office
Closing
Oct 20, 2025
About this deal
AI
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.
Scottsdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93