Newmark recently facilitated the sale of 90 Mountain View I, a Class A office and medical office building located at 9977 North 90th Street in Scottsdale. The three-story property spans over 91,000 square feet and sold for $11 million.
The seller, Regent Properties, was represented by Newmark Executive Managing Directors Barry Gabel, Chris Marchildon and CJ Osbrink. According to Gabel, there is high demand for top-quality office and medical properties in well-located areas like the “Scottsdale Cure Corridor.”
Situated on a spacious 3.32-acre site built in 2000, the property boasts ample parking with an impressive ratio of over four spaces per every thousand square feet available through subterranean structures as well as surface lots.
Regent Properties prides itself on being a fully integrated investment manager specializing in premier communities throughout the Sunbelt region.
This transaction marks another successful deal within Scottsdale’s thriving commercial real estate market.
