The 16,700-square-foot mixed-use Scottsdale Road Plaza at 4253 N Scottsdale Rd in Scottsdale sold for $3.94 million ($236 PSF) to Dallas-based, RSFM 4253, LLC.
Built in 1961, Scottsdale Plaza is located in Old Town Scottsdale within walking distance to restaurants, Fashion Square Mall and numerous galleries and other entertainment attractions. The prominent commercial building was 51% leased at time of sale. A U.S. Bank branch is housed on the first floor and the 7,237-square-foot second floor is currently vacant and available for lease.
Steve Julius, Jesse Goldsmith and Traci Russell of CBRE’s Phoenix office represented the seller, Scottsdale 4253, LLC of Phoenix in the transaction.
Julius can be reached at (602) 735-5216, Goldsmith is at (602) 735-5217 and Russell can be contacted at (602) 735-1764.