Kierland, downtown Scottsdale, and the Scottsdale Road office inventory are real buildings and they are not on a tombstone here. Capital Market Funds originates bank, life company, CMBS, or bridge for that rent roll from the Scottsdale office at 7373 E Doubletree Ranch Rd #255. We do not quote an office coupon.
The Block at Pima Center is retail on a ground lease. Airpark flex is industrial. Using either card as a Scottsdale office closing would misstate the collateral. The published Arizona office loans are Chandler Price Road bridge, $14,000,000, the Chandler owner-user office, $15,600,000, and a Tempe dental suite, $745,000.
Why Scottsdale office credit is selective
Occupancy, rollover, and who the tenants are decide whether a life company or a bank will read a Scottsdale office file. A building that is full of short suites is not the same as a single long lease. We will say if the file is bridge because the leasing plan is still ahead of the income.
Medical office is a tenant type, not a different city. A Scottsdale dental or medical building can be originated as office. The only published medical dollar is Tempe, and it stays on the Tempe medical page. It is not evidence of a Scottsdale medical closing.
Chandler office is not a Scottsdale comp we will pretend
Price Road is Chandler. Sponsors sometimes compare a Scottsdale building to that 2019 bridge. The comparison can be a conversation. It is not a published Scottsdale loan, and the 2019 structure is not on offer.
Send the rent roll and the rollover schedule. Arizona office holds the three published office cards. This page is the city without one.
Central Scottsdale and Scottsdale Road
Central Scottsdale is the broker name for mid-city office, including buildings along Hayden Road and the central part of Scottsdale Road. It overlaps neighborhoods people also call by ranch names. The rent roll decides, not the ranch gate. Scottsdale Road itself is the north-south street of offices, shops, and hotels. A hotel on that road is hospitality. An office floor is this page. Do not merge them because they share a traffic light.
Scottsdale office: Office is two different loans
Scottsdale Airport anchors the Airpark employment district. Flex and industrial around that airport are a different file from Old Town retail or a north Scottsdale apartment. The published Airpark flex loan stays a Scottsdale industrial fact, not a template for every north Scottsdale asset. Source: City of Scottsdale Airport.
| Question | Investor-owned | Owner-user |
|---|---|---|
| Who is the story | Leases, rollover, and the sponsor's basis | The occupant and whether a bank will hold the relationship |
| Usual source | Life company, bank, or CMBS | A bank or credit union more often than a conduit |
Capital for Scottsdale office
| Source | When it fits |
|---|---|
| Bank and credit union | Often the first fit for Scottsdale office a portfolio lender will hold. |
| Life company | Selective, on occupancy and tenant credit. No Scottsdale office card is life company. |
| CMBS | When bank or life company will not stretch on a Scottsdale office rent roll. |
| Chandler office | The published Arizona office dollars, which are not Scottsdale. |