Signature Office Suites building in Scottsdale sells for $6.85M

Independent Newsmedia
Posted 9/25/20

The Signature Office Suites building, 8585 E. Hartford Dr. in Scottsdale, recently sold to a private investor for $6,850,000.

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Signature Office Suites building in Scottsdale sells for $6.85M

Posted

The Signature Office Suites building, 8585 E. Hartford Dr. in Scottsdale, recently sold to a private investor for $6,850,000.

The Class A, two-story office building features self-contained office suites that were 96 percent occupied at the time of sale to Saffield Family LLC that purchased the property from Signature Suites SPT LLC – San Pasqual Fiduciary Trust Company – in a 1031 Exchange transaction, according to a press release.

The Class A office building received two different awards for its high-quality design, according to the senior executive vice president of Colliers, Greg Hopley, who represented the seller in the disposition with Jim Keeley and Dillon Hopley of Colliers International in Arizona.

Steven Barger with CRE Property Advisors represented the buyer, the release said.

“The suites feature spectacular desert and mountain views visible through full height glass lines. The property layout also offers a desert oasis courtyard with water features and benches that provide tenants with a very unique indoor and outdoor work environment. Plus, the overall demographics are some of the best in the entire Valley,” said Mr. Greg. Hopley in a prepared statement.

Built in 2000, the building contains approximately 27,797 rentable square feet of office space, according to the release.

Situated on 2.13 acres of land, the property’s interior was remodeled in 2017-2019 and features breakrooms with granite-topped entertainment bar with hardwood cabinets.

Moderni LED lighting, wood blinds, 11-foot ceilings and updated private restrooms provide tenants with high-end office space amenities, the release noted.

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