Contacts

Rick Mineweaser

Diamond Pacific Investments

Property Details

Property Type Office
Property Size 15,888 SF
Lot Size 39,111 SF
Additional Rent Contact for pricing
Parking Spaces Avail. 64
Parking Ratio 4.03 / 1,000 SF
Building Class C
Year Built 1987
Date Updated Dec 19, 2024

• Located SWC of # Cave Creek Rd & Elbow Bend Rd • Cap Rate at 2024 Budget with 17% Vacancy = 5.5% • 516 Total Linear Feet of Street Frontage on 3 Streets • Cap Rate at 2024 Budget with lease up = 7.75-8% • A true Value Added Opportunity • Priced well below today’s replacement costs • 15,888 RSF building originally constructed in 1987 and continuously renovated with many upgrades today • 2023 Population Estimate: 1 Mile = 1,929 • 3 Miles = 14,626 • 5 Miles = 35,318 • 2023 Average Household Income: 1 Mile = $155,133 • 3 Miles = $156,363 • 5 Miles $161,997 • 2025 Population Projections by Drive Time: 10 min = 25,567 • 20 min = 94,771 • 30 min = 301,111 • Zoned “C” Commercial with 64 total parking stalls (4/1,000 RSF) on Site & per Easement on Tract B

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Getting around

62/100
Walk Score ®
52/100
Bike Score ®

Powered by Walk Score ®

Location

City Carefree, AZ
Zip Code 85377
Market Phoenix

Points of Interest

Shell

0.32 miles
Safeway

2.93 miles
Chevron

3.06 miles
Circle K

3.70 miles
Superpumper

6.56 miles

Trailhead Parking

2.86 miles
Staff Parking

3.29 miles
Visitor Parking

3.34 miles
Student Parking

3.40 miles
Jewel of the Creek Parking

4.66 miles
Equestrian Staging Area

4.70 miles
Overton & Slate Trailhead Parking

4.70 miles
Spur Cross Ranch Conservation Area parking

4.71 miles
Wildcat Pass Parking

6.21 miles

Hampton Inn Carefree

0.09 miles
Spirit in the Desert Retreat Center

0.09 miles
CIVANA Wellness Resort and Spa

0.64 miles
Boulders Resort & Spa Scottsdale

1.42 miles
JW Marriott Phoenix Desert Ridge

9.97 miles

Bashas'

0.18 miles
Desert Donkey

0.29 miles
Stagecoach Village

0.69 miles
Safeway

2.90 miles
Target

3.02 miles
Walmart Supercenter

3.02 miles
Sprouts Farmers Market

3.14 miles
Fry's Food and Drug

3.71 miles
AJ's Fine Foods

3.78 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.