Youth Family Art Association Listing Details & Market Data

Youth Family Art Association is located on the southeast corner of Bell Rd and 91st St in Scottsdale, AZ. This property is north of West World where many events are held including Barrett-Jackson. It is approximately five miles to the east of the WM Phoenix Open. Freeway access is very close with the 101 freeway only one mile to the west. The property is comprised of three buildings all similar in size. The building to the south of 9153 is all medical. The building to the west of 9153 contains a martial arts studio, an education center and a medical suite. This sale does not include the other two buildings.Class B office building located near Scottsdale Airport in northeast Scottsdale, Arizona. 87% of the building is built out as a performing dance studio. The beautiful dance floors are of a floating wood construction, designed to minimize long-term impact to the bodies of the dancers. Ceilings are tall and the space is open to allow the occupants to enjoy the spacious interior. Currently, a dance company occupies this space under a one (1) year lease that has one (1) one-year options to renew. In addition to the dance studio, there is a 1,200SF office on the northside of the building. This space is an unoccupied office with its own storage/breakroom area and bathroom. This building offers a great value add opportunity for either the investor or owner user. For the investor, the current rent collected is below market levels and the north suite is unoccupied. For the owner user, this building offers up to two years of income on 87% of the space while the front office is available for immediate move in.