The Chauncey Building is a 100% occupied, 22,080 square foot Class-A office property ideally located in the Scottsdale Airpark submarket, one of the premier locations of North Scottsdale in the state of Arizona.
The Scottsdale Airpark submarket is the second largest employment center in Arizona which has consistently outperformed the overall market and has enjoyed positive absorption 9 out of the last 10 years.
The Scottsdale Airpark submarket benefits from the draw of the Mayo Clinic Hospital, exotic car dealerships, high-end boutique shopping, executive housing and commands some of the highest rental rates within the entire metropolitan area.
The Chauncey Building is located at 6970 East Chauncey Lane, Phoenix, Arizona, close to the southwest corner of the Loop 101 Freeway and Scottsdale Road and is situated in Chauncey Ranch Commerce Park, a prestigious and high-end boutique mixed-use enclave which draws its synergy from the neighboring Scottsdale Airpark, an economic hub with over 50,000 employees.
There are over 125,000 employees within a 5 mile radius of The Chauncey Building, which is situated on a county island and benefits both by being on the border of the City of Scottsdale while having a Phoenix address.
The Chauncey Building is only 20 minutes from the Sky Harbor International Airport, 5 minutes from the Scottsdale Municipal Airport, and 25 minutes from downtown Scottsdale.
Because of the unique combination and draw of a world famous hospital campus, exotic car dealerships, high-end boutique shopping, executive housing and a deep employee base, the Scottsdale Airpark submarket demands some of the highest rental rates within the entire Phoenix metropolitan area and has posted positive absorption 9 out of the last 10 years.
With 4.3 million residents, Phoenix is the 6th largest city in the United States. In addition to outstanding employment opportunities, top universities, and lower cost of living compared to other major cities, Phoenix is home to over 200 Fortune 500 companies that maintain significant operations in the local market.
The Chauncey Building is within close proximity to the Mayo Hospital Campus and numerous other amenities, including the 580,000 square foot Scottsdale 101 retail power center, the 200,000 square foot Whole Foods anchored Shops at Chauncey Ranch, the 465,000 square foot Chauncey Ranch Autoplex, and a 110,000 square foot Life Time Fitness.
Making the Building’s location even more desirable to its roster of national credit tenants are several nearby internationally recognized annual tourism attractions, such as the Phoenix Open, the Barrett Jackson car show, the Scottsdale Festival of the Arts, the Musical Instrument Museum, several top golf courses, hiking and beautiful 5 star resorts and spas.