Medical Office Sales
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Scottsdale Medical Pavilion
7331 E. Osborn Rd, Scottsdale, AZ
Owned by Klingbeil Capital Management based in San Francisco, the Seller was ready to dispose of the asset. The Scottsdale Medical Pavilion was a rare opportunity to own a fee-simple, multi-tenant ±53,137 SF medical office building in Old Town Scottsdale, which is adjacent to HonorHealth Scottsdale Osborn Medical Center. The project was cash-flow positive with tremendous upside and potential.
The Project was favorably positioned within the Old Town Scottsdale community in the medical district. The Property is located across the street from HonorHealth Scottsdale Osborn Medical Campus, a 337-bed full service hospital named as a Top 100 Hospital by Truven in 2015. After receiving great interest and multiple offers, the buyer was Centum Health Properties out of Denver, who owns several medical office buildings in the Phoenix area.
Trisha’s guest is the CEO of Centum Health Properties, James Turpen the buyer of this property
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Fountain Hills Medical Campus
16838 E. Palisades Blvd., Fountain Hills, AZ
VJ Fountains Hills Medical Center, LLC, a local healthcare real estate investment and development firm sells this MOB to Physicians Realty, LP. The 49,054 square foot multi-tenant medical office building is located in the heart of Fountain Hills.
Developed in 2008, Fountain Hills Medical Campus is the offspring of the joint venture between local health care providers Scottsdale Medical Imaging, Fountain Hills Family Practice and Spooner Physical Therapy, and local developer VJ Properties, all of which desired to create and own a medical campus with complementary services providing complete medical care in the Fountain Hills Market. The result was the pristine, three-building, multi-tenant campus designed to accommodate patients and providers alike.
Listen to the seller Vance Marshall, a principle of VJ Properties Inc
Listen to the buyer Dan Klein, Executive VP and CIO at Physicians Realty Trust