7302 E Helm Dr 10,080 SF 98% Leased Flex Building Scottsdale, AZ 85260 $6,267,681 CAD ($621.79 CAD/SF)

Building 1 consists of eight highly sought after, small offices with warehouse condominium units, which have provided consistent income for almost 40 years, with the oldest tenant occupying space since 2000. Each unit originally consisted of two small office spaces with storefront entrances and windows, and a warehouse with a 10’ overhead door, sealed floors, and drain. All units are 100% air-conditioned and has its own electric meter and restroom. Modifications, over the years, include opening spaces for showroom use and joining units together for bigger space. Current leases have staggered expiration dates over the next five years.
Located in the Scottsdale Airpark, the building is in the heart of a vast canvas of diverse companies, convenient to several major retail centers, and multiple points of access to major streets and Loop 101 Pima Freeway.
This is an unprecedented opportunity to own these eight condominium units with continued cash flow while holding the property as a short- or long-term investment, or as an owner user with options for future expansion. With the shortage and high demand for small industrial flex spaces, at the right price, these can be flipped for a nice rate of return. Or with multiple redevelopment projects in the area, this building would be a head-start for this lot.