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Bell Bank Purchases 37,495 Square Foot Office Building In Scottsdale For $10.3 Million
SOLD
$10,300,000
Arizona
See Similar DealsOffice37,495 SF
Sold 10/20/2025
SOLD
Bell Bank Purchases 37,495 Square Foot Office Building In Scottsdale For $10.3 Million
14631 Scottsdale Road
See Similar DealsOffice37,495 SF
Sold 10/20/2025
Summary
ARIZONA
Asset Type:Office
Price Per Square Foot:$274
Total Square Footage:37,495 SF
Transaction Type:Sale
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.
Players
BROKERAGE
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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