Scottsdale Airpark’s largest commercial land parcel on the runway, at 9.54 acres, sells to a local investment company for $8,325,000 or $20.03 per square foot.
Mark Linsalata, Bill Blake and Fred Darche, principals with Lee & Associates represented the seller, Phoenix Dragon FEI, LLC of Scottsdale. Linsalata represented the buyer, Boeing V, LLC, a private investment entity in Phoenix.
The 415,562 SF parcel was the largest remaining commercial parcel will runway access for sale in the Airpark. This highly sought after parcel on the south side of the airport’s runway, holds strong investment potential for future aviation and various commercial uses.
Scottsdale Airpark is one of the state’s largest employment core’s with close to 50,000 jobs within its boundaries. The area is strategically located in North Scottsdale and is surrounded by world class shopping, entertainment, recreational and hospitality venues.
The Airpark is surrounded by easy access to top transportation corridors such as the Loop 101, Scottsdale and Hayden roads and Frank Lloyd Wright Blvd.