SCOTTSDALE, AZ – A 35,077-square-foot manufacturing building at 15550 N. 78th St., Scottsdale in the Scottsdale Airpark sold recently for $3.91 million ($111.47 PSF).
Lee & Associates Principal Steve Farrell represented the buyer, MBBE AZ, LLC, Scottsdale while Lee Principals Stein Koss, Tom Louer and Associate Nick Nudo represented the seller, Industrial Electric Wire & Cable, Inc., Scottsdale.
MBBE AZ, LLC will be entering into a lease with Drivers Club, a membership based community of automotive enthusiasts where members are offered a full range of services including collection management, programmed events, entertainment offerings, and automobile storage — all in a modern, conditioned, secure, and convenient location. The Scottsdale location will open in Fall 2017 after an extensive $2.5M renovation. Drivers Club Seattle will open March of 2018 with ground breaking to commence this June.
Built in 1995, the freestanding building sits on 2 acres with proximity to the Loop 101 Pima Freeway, Scottsdale Airpark runway and to nearby luxury retail locations such as Kierland Commons, Scottsdale Quarter and The Promenade.
For more information, Farrell can be reached at 602.954.3746, Koss is at 602.912.3520, call Louer at 602.954.3779, and Nudo can be contacted at 602.954.3773.