SCOTTSDALE, ARIZ. – Sigma Contracting Inc. was just what the doctor ordered as the Arizona-based general contractor gutted and remodeled 24,000-square-feet of interior space for two full service medical clinics in Houston, Texas.

Sigma completed the projects totaling approximately $6 million for HCSC-Sanitas 1, LLC, a partnership between Sanitas Medical Center USA and Blue Cross Blue Shield (BCBS).

The projects are located at 12586 Westheimer Road and 12823 Gulf Freeway, in Houston. The Westheimer location includes 3,000-sqaure-feet for the HCSC-Sanitas 1 Texas corporate office. The two facilities are in areas with minimal access to services provided by other agencies.

Each facility includes exam rooms for primary care, urgent care, specialty services with lab and diagnostic imaging services as well as wellness and disease management programs. Their multi-disciplinary approach will serve to offer coordinated high-quality healthcare for their Texas BCBS members.

“Sanitas has been a great client to work with as they understand and rely on the value Sigma brings to the table with our more than three decades of knowledge and expertise,” said Sigma President Dan Hinkson. “Their projects are challenging and unique. Time is truly our worst enemy on these facilities, and yet they make no compromise on their quality and the brand identity they convey to their customers.”

When a given market is selected, Sanitas has approximately one year to negotiate leases, develop plans, obtain building permits and complete construction. As a result, their facilities are generally located in existing centers with high vacancies whose buildings have been neglected in terms of long-term maintenance.

Often space is converted from a retail application to medical, which can require extensive structural modifications to the roof system to support additional HVAC equipment and upgrades to electrical services and sewer systems.

Notable subcontractors include Phoenix Construction for framing and drywall; Phoenix Millwork for the millwork; M.E.K. Floors for flooring; Steltzer Mechanical, HVAC; and Advanced Electric for the electrical. Architect of record was Perez McGee Architects.

ORO VALLEY, ARIZ. – VOLK Company agents Rick Borane and Terry Dahlstrom handled the sale of a portion of the Entrada del Oro shopping center at Oracle and Magee  including approximately 14,336 square feet of building improvements located at 7861 and 7871 North Oracle Road, from The Wright-Pantano LLC (Bruce Wright, Manager) to Oracle & Magee LLC, an affiliate of Town West Realty (Toby Horvath, Manager).

The asset sold for $4.2 million ($293 PSF) fully leased and occupied by O’Reilly Auto Parts and a Sleep Solutions Outlet.

Located in affluent Oro Valley, Entrada del Oro is anchored by a Walmart Neighborhood Market at the southwest corner of Magee Rd and Oracle Rd, adjacent to Oracle Crossing Shopping Center anchored by Kohl’s, Sprouts and many other regional and national retailers. The surrounding trade area boasts a high income and well-educated population. The center is strategically positioned to serve these customers.

For more information, Borane should be reached at 520.495.2240 and Dahlstrom can be contacted at 520.495.2241.

To learn more, see RED Comp #8264.

QUEEN CREEK, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Aaron’s, a 7,101-square-foot net-leased property located in Queen Creek, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,810,000.

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also procured by Ruble and Lind. Josh Sciotto with Marcus & Millichap Capital Corporation (MMCC) provided the financing in this transaction.

Aaron’s is located at 21259 East Ocotillo Road in Queen Creek, Arizona. The asset includes an absolute triple-net lease with corporate guaranty with over three years remaining, and 10% rental increases every five years. Built in 2014 on 1.23 acres, this property is situated within Queen Creek’s dominant retail corridor surrounded by major retailers such as Walmart, Target, PetSmart, Dollar Tree and Sprouts Farmers Market.