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Colliers sells Desert Sonoran Surgery Center

Fully occupied property offers buyer strong opportunity for a private investor

PHOENIX – Colliers in Arizona sold Sonoran Desert Surgery Center 895 S. Dobson Road in Chandler, Arizona, to a Palo Alto-based private investor. The property, which is 100 percent occupied, serves as the only off-campus outpatient surgery center for general surgery in the vicinity of Chandler Regional Medical Center. 

“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. 

About Colliers
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.
 

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Mindy Korth

Executive Vice President

Phoenix

As an executive vice president of investment services with Colliers, Mindy Korth is accomplished in all sectors of the investment real estate community, including office, medical office, retail, datacenters, high-finish industrial, commercial land and unique projects across metropolitan Phoenix and nationally. Mindy leads an investment sales team that includes Jenny Bassett, real estate analyst; Kelsey Robinson, client services coordinator; and Alyssa Smith, client services coordinator.

Mindy is focused on identifying investment opportunities, executing client strategy, establishing relationships between parties, and coordinating property financial analysis and due diligence. Her wealth of industry, market, property and financial intelligence provides clients with the information they need to make informed decisions and complete successful investment transactions.

She has completed transactions totaling more than 25 million square feet, and more than $3.2 billion in value.

Throughout her career, Mindy has been involved in each aspect of real estate, including new and rehab development, financial structuring deals in capital markets, leasing, management, site selection, network planning, acquisitions and dispositions programming, financial analysis and underwriting.

As a 40-year veteran of commercial real estate services and alum of CBRE/Trammell Crow Company, Mindy’s previous positions include Financial Manager, Director of Property Management and Certified Public Accountant at a Big 8 Firm.

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