Mammoth Scottsdale sale tops $22 million

A partnership of three limited liability companies has purchased the Mammoth Scottsdale Atrium East office building in Scottsdale, Ariz., for a price of $22.4 million.

The buyers, comprised of Scottsdale Atrium LLC, Queen Arizona LLC and Highlands Arizona LLC, acquired the approximately 71,462-square-foot building from Mammoth Equities Capital Group LLC.

Located at 14300 North Northsight Blvd., the multitenant, class B property is situated on nearly 3.9 acres. Mammoth Equities constructed the asset in 2002.

At the time of the sale, the property was approximately 87 percent leased.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.