5010 E Shea Blvd, Paradise Valley, AZ 852545020 E Shea Blvd, Paradise Valley, AZ 852545040 E Shea Blvd, Paradise Valley, AZ 85254
Paradise Valley Plaza
Asset ClassOffice
A freshly renovated suburban office/medical complex in a ‘Waterfront-Like’ Paradise Valley location
Overview
- Three (3) building, two-story office/medical complex totaling ±100,203 square feet (SF).
- 95% leased to a diverse ‘sticky’ tenant mix of ±50% office and ±50% medical/wellness tenants.
- ‘Waterfront-like’ location at the northern ‘shoreline’ of the prestigious and tiny/supply-constrained Paradise Valley office and medical market, which prohibits commercial developments within its massive 15 ½ square mile borders.
- Rare and highly desirable architecture with large portions of ‘drive-up’ exterior loading suites, interior and outdoor courtyards, breezeways, and balcony spaces.
- Manageable average tenant size of ±2,500 SF increases income security and predictability, with limited configuration options which translates into lower tenant improvement costs.
- The rare combination of catering to smaller tenants (under 10,000 SF) and being one of a handful of office/medical properties in the trade area, perfectly positions the property to attract tenants who benefit from the proximity to the Paradise Valley’s exceptional wealth.
- ±70% of the tenant spaces in the property are brand new spec suites, or have had build-outs within the last five (5) years.
- Situated one (1) mile south from Paradise Valley Mall’s massive 100+ acre mixed-use redevelopment.
- Commanding presence with invaluable building signage along 575 feet of frontage on Shea Boulevard—the primary arterial road serving the Paradise Valley and neighboring central Scottsdale trade areas.
- Adjacent, and walkable to, the renowned and amenity-rich intersection of Tatum and Shea Boulevards, which boasts approximately one half million square feet of retail.
- Extensively renovated with $266,500 in renovations during 2020-2023 and $800,000 in common area renovations completed in 2015.
- Located two (2) miles from the SR-51, which provides fast access to other distinguished neighborhoods such Arcadia, Biltmore/Camelback Corridor, North Central, and North Scottsdale.
Photo Gallery
5010 E Shea BlvdParadise Valley, AZ 852545010 E Shea Blvd, Paradise Valley, AZ 852545020 E Shea Blvd, Paradise Valley, AZ 852545040 E Shea Blvd, Paradise Valley, AZ 85254
Sales Team
Private Capital Group
Listing provided by Revere CRE