Fully occupied property offers buyer strong opportunity for a private investor
“This property, which has been a successful surgical center since its construction in 2008, offers a great investment opportunity,” says Mindy Korth of Colliers in Arizona. “The building is fully leased at below-market rates, which provides the buyer a noteworthy opportunity for growth potential in operating income. The property’s location and configuration position this as an outstanding investment for years to come.”
Sonoran Desert Surgery Center was purchased by a 1031 exchange investor from Palo Alto, California. This marks the second medical facility in the Valley purchased by this investor during 2021. The seller was 895 S Dobson Holdings, LLC, an investment group led by Keith Ricker of Scottsdale. Korth handled the sale transaction.
The ambulatory surgery center and medical clinic offers 10,762 square feet of space, including two operating rooms and clinical space. Fully occupied since its completion, the property was originally developed and configured as a surgery center and medical clinic facility in 2008 by a plastic surgeon.
Conveniently located just south of Chandler Regional Medical Center, Sonoran Desert Surgery Center boasts an outstanding location, desirable layout and appealing size for its uses. The building’s close proximity to the hospital, Loop 202, and upscale demographics made the property an ideal investment opportunity.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
Colliers in Arizona has served clients locally and globally for more than 40 years.