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8388 E Hartford Dr
Scottsdale, AZ 85255 North Scottsdale

$10,733,361 USD

Light Manufacturing Condo For Sale  •  35,237 SF

Property Details

  • Property Type Light Manufacturing
  • Total Building Size 66,800 SF
  • Lot Size 5.45 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning I-1
23 Transit Score
24 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 105 Industrial 35,237 SF $10,733,361 USD
  • Unit Size: 35,237 SF
  • Condo Use: Industrial
  • Price: $10,733,361 USD
  • Sale Type: Investment
  • Price/SF: $304.60 USD

Description

Cushman & Wakefield is pleased to present the opportunity to acquire 8388 East Hartford Drive #105 (“the Property”), a ±35,237 SF manufacturing condominium located in the prestigious Scottsdale Airpark, one of the most sought-after industrial submarkets in Metro Phoenix. The Property is fully leased to Kleen Concepts on an absolute triple net lease, a premier manufacturer and packaging partner for leading global beauty and wellness brands, under a long-term lease. With a tenant deeply entrenched in the consumer products supply chain and committed to its operations, the asset offers investors durable income, tenant stability, and strong credit quality. The industrial condo format further enhances liquidity and accessibility, appealing to both institutional and private capital investors seeking exposure to one of the nation’s top-performing industrial markets.
The Scottsdale Airpark is widely recognized as one of Arizona’s most dynamic business corridors, home to a diverse mix of corporate headquarters, technology firms, advanced
manufacturers, and distribution companies. With immediate access to the Loop 101 freeway and proximity to Scottsdale Airport, the submarket provides unmatched regional
and national connectivity. Strong barriers to entry, limited industrial supply, and sustained tenant demand have consistently driven rental growth and property appreciation in the area. For tenants, the Airpark’s strategic location, high-quality labor pool, and proximity to affluent Scottsdale communities make it one of the most desirable operating
environments in Metro Phoenix. For investors, these fundamentals translate into long-term value preservation and growth potential.

Highlights

Absolute NNN lease - no landlord responsibilities
100% leased to Kleen Concepts, a premier manufacturer and packaging partner for leading global beauty and wellness brands
Attractive 2.00% annual increases

Property Flyers

Financial Summary

Cap Rate: 7.00 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
HomeSmart
Kleen Concepts

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 31 min - 22.5 mi
Phoenix-Mesa Gateway 51 min - 37.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Chris Hollenbeck 602-538-7155 Cushman & Wakefield
Chris Hollenbeck 602-538-7155 Cushman & Wakefield