Mammoth Scottsdale sale tops $22 million

Vacancy rate in double digits at closing

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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. ...