BRE has negotiated the sale of Scottsdale Road Plaza in Scottsdale. The net leasable of 14,073 SF square-foot mixed-use building is located at 4253 N. Scottsdale Rd.
Steve Julius, Jesse Goldsmith and Traci Russell of CBRE’s Phoenix office represented the seller, SCOTTSDALE 4253 LLC of Phoenix, in the transaction. The buyer was Dallas-based RSFM 4253 LLC.
Built in 1961, Scottsdale Road Plaza is conveniently located in Old Town Scottsdale within walking distance to restaurants, Fashion Square Mall and numerous galleries and other entertainment destinations. The prominent commercial building was 51% leased at time of sale. A US Bank branch is housed on the first floor and the 7,237 square-foot second floor is currently fully vacant and available for leasing.