FOR SALE - OWNER/USER

RETAIL/SHOWROOM/CREATIVE OFFICE7001 E. MCDOWELL ROAD | SCOTTSDALE, AZ 85257

Zak KottlerPartner480.294.6003zkottler@levrose.com

Joe CosgroveSenior Advisor480.294.6013jcosgrove@levrose.com

Hunter ChasseAdvisor480.289.4225hchasse@levrose.com

WORLDWIDEREAL ESTATE SERVICES

WORLDWIDEREAL ESTATE SERVICES

02OFFERING SUMMARYLevRose Commercial Real Estate, as Exclusive Advisor to the Seller, is pleased to present the opportunity to ac-quire the fee simple interest of 7001 E. McDowell Road, located in Scottsdale, Arizona. The property was originally constructed as a parking garage in 1988, and with a substantial investment it was converted into ±14,145 SF of ex-tremely high-end showroom space, in 2014, which is currently being used to display luxury vehicles and furniture. 7001 E McDowell has the highly desirable C-3 zoning designation which offers a wide array of uses like auto sales, office, retail, showroom etc. The Seller currently occupies the building but will eventually vacate for an Owner/User to occupy or Investor to do as they please with the property. The location is key, being positioned directly in between two major employment hubs, Downtown Scottsdale and North Tempe. Neighboring the property is the renowned SkySong Innovation Center, which recently completed its sixth high-rise office building; adjacent to SkySong, Papago Plaza is undergoing a major redevelopment project to create an urban mixed-use community that includes everything from specialty restaurants to multifamily. The surrounding growth make this a unique offering for a User or Investor to capitalize on the thriving South Scotts-dale Submarket.

PROPERTY HIGHLIGHTSOFFERING DETAILS

• Property is expandable to ±17,683 SF by enclosing the Covered Staging Area

• Luxury boutique showroom with opportunity for a variety of uses such as Creative Office

• Open configuration renovated with modern finishes throughout

• High visibility with prominent building signage

• Storefront glass window facade fronting McDowell Road and 70th Street

• Ample amount of parking on-site

• Close proximity to Skysong, Papago Plaza, Old Town Scottsdale, Papago Park, and Phoenix Zoo

BUILDING SIZE±14,145 SF (Expandable to ±17,683 SF)

PRICE$3,200,000 (±$226.23/SF)

LAND SIZE±22,500 SF

PARKING58 Spaces - 4.14/1,000 SF - Expandable

ZONINGC-3, City of Scottsdale - Zoning Link

PARCEL NUMBER129-12-001F

YEAR BUILT/RENOVATED1988/2014

2019 TAXES$21,229.94 (±$1.50/SF)

This information has been secured from sources believed to be reliable, but no representations or warranties are made, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer and tenant must verify the information and bears all risk for any inaccuracies. All quoted prices are subject to change without notice.

WORLDWIDEREAL ESTATE SERVICES

04

1ST FLOOR

BUILDING:

COVERED STAGING AREA:

±14,145 SF

±3,358 SF

SLIDING SECURITY GATE

The Covered Staging Area is currently utilized for shaded parking and furniture staging. By enclosing this area the building can possibly be expanded to ±17,683 SF.

PATIO

WORLDWIDEREAL ESTATE SERVICES

04

TOTAL SECOND FLOOR AREA: ±18,061 SF

PARKING: 58 Spaces

2ND FLOOR - PARKING PLAN

PARKING RAMP

VIRTUAL TOUR

SITE PLAN

E. MCDOWELL ROAD

N. 70

TH

ST

REET

NOT A PART

7001 E. MCDOWELL RD±14,145 SF

NO

T A

PA

RT

NOT A PART

NOT A PART

N

HOME COMMUNITY

PAPAGO PLAZA

N. 7

0TH

STR

EET

E. MCDOWELL ROAD - 29,807 VPD

N. SCOTTSDALE ROAD - 41,329 VPD

PAPAGO PLAZA

N. 70TH STREET E. MCDOWELL ROAD - 29,807 VPD

N. SCOTTSDALE ROAD - 41,329 VPD

S

PAPAGO PLAZA

N. 70TH STREET

E. M

CD

OW

ELL

RO

AD

- 29

,807

VPD

N. SCOTTSDALE ROAD - 41,329 VPD

HOME COMMUNITY

E

PAPAGO PLAZA

E. MC

DO

WELL R

OA

D - 29,807 V

PD

HOME COMMUNITY

PAPAGO PLAZA

N. 70TH STREET

W

PAPAGO GOLF COURSE

DOWNTOWN PHOENIX MIDTOWN

PHOENIX

NEIGHBORINGDEVELOPMENT

SKYSONGInnovation. Technology. Imagination.

SkySong is a 1.2 million square foot mixed-use project featuring Class A commercial office space, retail,

restaurant and hotel components and the exceptional SkySong Apartments. It is home to ASU SkySong,

startups and Fortune 500 companies, and just about everything in between.

APPROX. 2,000EMPLOYEES

50+COMPANIES

CURRENT TENANTS INCLUDE:

50+COMPANIES

NEIGHBORINGDEVELOPMENT

PAPAGOPLAZA

Papago Plaza is proceeding with its 11-acre redevelopment plan for an urban mixed-use lifestyle community featuring luxuries from specialty restaurants to apartment homes.

According to a recent press release, the development will be close in proximity to retail, a grocer and an all-suites

hotel, designed in an orchard-like setting at the southwest corner of Scottsdale and McDowell Roads.

The new Papago Plaza will feature an adaptive re-use design of natural elements including brick, stone and wood

with a mid-century modern aesthetic, described the release.

The retail development is anticipated to include art murals, neighborhood gathering areas for events, a landscaped park area with full service Wi-Fi, fountains, benches and

child-friendly water feature.

SCOTTSDALEOVERVIEW

Known as the “West’s most western town,” Scottsdale is a combination of cowboy culture and haute courture. Situated near the center of the Phoenix metropolitan area, Scottsdale is considered one of the most prestigious and livable cities in the country. Home to nearly 218,000 people, Scottsdale offers an enviable quality of life with abundant outdoor rec-reation and entertainment, luxury resorts, worldclass events, arts and culture, and shopping with a scenic backdrop of the city’s surrounding natural beauty. With a highly devel-oped workforce, comprehensive buisness infrastructure and transportation links, including a world-class executive air-port, Scottsdale is where a thriving economy and desirable lifestyle converge, making the city the premier location for business.

AFFLUENT POPULATIONScottsdale’s relatively large and affluent population and thriving employ-ment base allow Scottsdale to maintain a competitive edge in attracting new retailers, company headquarters, and business leaders. This popula-tion earns an average household income of $102,591 annually and boasts a median home value of $465,000.

SUPERIOR LOCATION & ACCESSScottsdale is near the center of the Greater Phoenix metro area with immediate access to Loop 101, within minutes of Scottsdale Municipal Airport and approximately 17 miles north of Sky Harbor International Air-port. This strategic location and outstanding freeway and airport access provides superior face-to-face connectivity to a massive customers base within a few hours of travel including California, Texas, and Mexico.

DIVERSIFIED LOCAL ECONOMYThe local economy is well distributed among business services, high tech-nology, biomedical, tourism and retail services all playing important roles. Major employers include HonorHealth, Mayo Clinic, General Dynamics, CVS/Caremark, GoDaddy Group, Vanguard Group, Scottsdale Insurance and Henkel Consumer Goods.

DESIRABLE QUALITY OF LIFEScottsdale offers a desirable quality of life for its residents who enjoy a warm climate and a wealth of sunshine, as well as prestigious residential communities and access to abundance of retailers and resorts, approx-imately 200 golf courses in the area, more than 600 restaurants, and a flourishing arts and cultural scene with more than 100 art galleries. Major League Baseball’s Spring Training is also an exciting feature in Scottsdale, where the Colorado Rockies and Arizona Diamondbacks play at Salt River Fields, while San Francisco Giants play at Scottsdale Stadium in Old Town a few miles south.

DEMOGRAPHICS

POPULATION

1 MILE 3 MILES 5 MILES

2019 20,518 119,399 305,765

2024 22,795 130,556 332,462

HOUSEHOLDS

1 MILE 3 MILES 5 MILES

2019 8,135 55,589 130,572

HH Growth 2019-2024: 11.10% 9.34% 8.73%

AVERAGE HOUSEHOLD INCOME

1 MILE 3 MILES 5 MILES

2019 $78,349 $75,823 $71,908

DRIVE TIMES

Phoenix Sky Harbor International Airport

Old Town Scottsdale

Downtown Phoenix

Downtown Tempe

12 minutes

3 minutes

16 minutes

5 minutes

CONTACTS

Zak KottlerPartner480.294.6003zkottler@levrose.com

Joe CosgroveSenior Advisor480.294.6013jcosgrove@levrose.com

WORLDWIDEREAL ESTATE SERVICES

This information has been secured from sources believed to be reliable, but no representations or warranties are made, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer and tenant must verify the information and bears all risk for any inaccu-racies. All quoted prices are subject to change without notice.

Hunter ChasseAdvisor480.289.4225hchasse@levrose.com

12 minutes

3 mintues

16 minutes

5 minutes