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8877 North Gainey Center Drive

8877 North Gainey Center Drive, Scottsdale, AZ 85258
Property in Gainey Ranch
8877 North Gainey Center Drive in Scottsdale, AZ was first built in 1991 and is 33 years old. Although, the building on the property was most recently renovated and altered in 1998. This has been categorized as a office property type. There are a total of 3 floors. 8877 North Gainey Center Drive has 288,678 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 329,836 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. There is a unknown. Water for the property is sourced from a water system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of a combination of material. As for heating, the home is utilizing a heat pump. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8877 North Gainey Center Drive sold most recently in Jul 15, 2021 for a total of $39,000,000. If you work out the math, that's approximately a cost of $135.10 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $510,554 in taxes each year. 8877 North Gainey Center Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,913,932. If we break it down further, the land itself was valued at $1,558,543. Improvements to the property, however, were assessed at a total of $9,355,389. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Concrete
  • Exterior Walls Type: Combination
  • Floor Count: 3
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 329,836
  • Total Building Area: 288,678
  • Gross Building Area: 288,678
  • Building Area: 288,678
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 288,678
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Office
  • Land Acres: 7.572
  • Standard Land Use Code: Commercial office (general)
  • Legal Description 1: PT N2 SEC 35 & PT S2 SEC 26 AS DESC P/D 88-045211 EX P/D 88-045215

Ownership

  • Current Owner : DANSONS GAINEY LLC
  • Previous Owner : NATIONWIDE MUTUAL INSURANCE COMPANY
  • Owner Before Previous Owner: NATIONWIDE REALTY INVESTORS LTD
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Scottsdale Unified District
  • Census Tract: 216813

Zoning

  • Zoning: C-T

Geography

  • Parcel: 174-28-004-H
  • Meridian: SEC 35 TWN 3N RNG 4E
  • Municipality: SCOTTSDALE
  • Latitude: 33.567
  • Longitude: -111.913

    Address

  • Full Address: 8877 N Gainey Center Dr
  • Address - House Number: 8877
  • Street Direction: N
  • Address - Street Name: Gainey Center
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Scottsdale
  • Carrier Code: C038
  • 4-Digit Zip Code: 2108
  • Zip Code: 85258

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510,554
  • Tax Rate Code Area: 481400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $29,175,000
  • First Open Lien Mortgage Lender: BSPRT CMBS FINANCE LLC
  • First Open Lien Mortgage Recording Date: Aug 06, 2021
  • First Open Lien Mortgage Loan Amount: $29,175,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 06, 2031

    Market Valuation

  • Market Total Value: $64,199,600
  • Market Land Value: $9,167,900
  • Market Improvement Value: $55,031,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,913,932
  • Assessed Land Value: $1,558,543
  • Assessed Improvements Value: $9,355,389

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Transaction ID: 11846532243
  • Current Sale Price: $39,000,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20210854815
  • Previous Sale Recording Date: Aug 21, 2007
  • Previous Sale Contract Date: Jul 31, 2007
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BSPRT CMBS FINANCE LLC
  • First Mortgage Transaction Date: Aug 06, 2021
  • First Mortgage Loan Amount: $29,175,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 06, 2031

About South Scottsdale



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Frequently Asked Questions

What neighborhood is 8877 North Gainey Center Drive located in?
The 8877 North Gainey Center Drive is a located in the neighborhood of Gainey Ranch in South Scottsdale, Scottsdale.
What is the average sales price for listings in 8877 North Gainey Center Drive?
The average sales price for units in 8877 North Gainey Center Drive is $0 currently.

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