At Home In Scottsdale | Your Guide to Scottsdale Real Estate

Yesterday, the Phoenix Business Journal announced the completed sale for two major office buildings in McCormick Ranch. 

Two large office buildings located in McCormick Ranch have been sold for $54 million. The 252,000-square-foot Scottsdale Executive Office Park was purchased by Grunberg Ventura LLC, a division of Grunberg Realty of New York. The seller was Los Angeles-based Lowe Enterprises.

The older building at 7975 N. Hayden Road was built in 1976. The newer building at 8655 E. Via de Ventura was built in 1983. Both were remodeled extensively in 2003. The buildings were 91 percent occupied at the time of sale.

View Larger MapThese two buildings are located on the Southeast corner of Hayden and Via de Ventura, just behind the Bank of America branch building.  This vibrant intersection has high traffic, due in part to its great access to the 101.   The developing Pima Center is just to the east.  More office space and the post office are to the north.  At least ten restaurants (Le Peep’s, Zip’s, Busters, El Paso Barbeque, The Dog Bar, and more) are just to the northwest.  There are a variety of homes in the surrounding area, ranging from apartment rentals to condos and patio homes to single family homes ranging in price from approximately $350,000 to $3,500,000 in the within a mile radius.