Largest Commercial/Runway Parcel in Scottsdale Airpark Sells for $8.3M

SCOTTSDALE, Ariz. - April 23, 2014 - PRLog -- 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 with 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.

For more information:
Mark Linsalata, Principal
602.912.3539; mlinsalata@leearizona.com

About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of the 49 nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.