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Scottsdale Shopping Centers for Sale
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Shopping Centers For Sale in Scottsdale
Scottsdale, Arizona, known for its location within the Phoenix metropolitan area, offers a notable opportunity for CRE investments. With 11 listings available, these properties are appealing due to the city's strong tourism sector, wealthy population, and prime retail locations. The infrastructure of Scottsdale, which includes major transportation routes like the Loop 101 and proximity to Scottsdale and Sky Harbor International Airports, ensures easy access for consumers to shopping centers. The emphasis on education with institutions such as Scottsdale Community College and the scenic surroundings like the McDowell Mountains and the Tonto National Forest, increase the value of investing in shopping centers in a city with a thriving economy and cultural scene.
Shopping Centers in Scottsdale are advantageous because of high foot traffic in major shopping areas like Scottsdale Fashion Square and Scottsdale Quarter, and a rich demographic that supports high-end retail. This property type, located in a city known for its nightlife and a large number of art galleries and studios, especially in the Downtown Scottsdale Arts District, guarantees a constant flow of both local and tourist shoppers. Beyond shopping centers, Scottsdale also provides various other real estate investment opportunities including Apartment Buildings, which serve the city's increasing population, Restaurants that benefit from the city’s tourism and local dining scene, Specialty Properties that add to the city's unique charm, and Office Space to accommodate its growing business community. For those already owning property and considering a "like-kind" property for a 1031 exchange, Scottsdale has Shopping Centers and other properties that might fit your requirements. This range highlights Scottsdale's diverse real estate market, presenting multiple opportunities for investors to contribute to the city's economic and community development.
Learn About Shopping Centers For Sale in Scottsdale
What factors should I consider when searching for shopping centers for sale in Scottsdale?
When evaluating shopping centers for sale in Scottsdale, it's essential to consider several critical factors to ensure you're making a well-informed decision.
- Assess the economic landscape of Scottsdale, focusing on consumer spending habits and the presence of anchor tenants that draw consistent foot traffic.
- Examine the shopping center's proximity to key infrastructure and amenities, including transportation routes like Loop 101 and the Scottsdale Municipal Airport, to ensure ease of access for customers.
- Consider the location and visibility of the property, as well as the local market and competition, including nearby shopping areas like Scottsdale Fashion Square and Scottsdale Quarter.
How much does it cost to buy a shopping center in Scottsdale?
The cost of purchasing a shopping center in Scottsdale varies, reflecting the market's current dynamics and available inventory. The average price per square foot is $292, with the average size being 41,499 SF.
What is the largest shopping center available to buy in Scottsdale?
The largest shopping center available for purchase spans 130,333 SF.
Why is Scottsdale an ideal location for shopping centers for sale?
Scottsdale's economy, powered by high tourism and a strong retail sector, combined with its status as a significant part of the Phoenix metropolitan area, provides an excellent backdrop for shopping centers.
Size Summary For Scottsdale Shopping Centers
| Shopping Center Size | Square Feet |
|---|---|
| Maximum | 130,333 SF |
| Average | 41,499 SF |
| Minimum | 1,860 SF |
Cap Rate for Scottsdale Shopping Centers
| Shopping Center Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.14% |
| Average | 7.73% |
| Minimum | 6.5% |
Prices for Scottsdale Shopping Centers
| Shopping Center Price | Price Per SF |
|---|---|
| Maximum | $674 Per SF |
| Average | $292 Per SF |
| Minimum | $127 Per SF |
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