The medical office building occupied by Northwest Allied Physcians Group at 7370 North La Cholla Blvd in Northwest Tucson sold for $840,000 ($238.50 PSF) to Ftita, LLC of Tucson (Jay Jester, managing member). The 3,522 square-foot building (built 2007) was fully occupied by a group of physicians, located in the La Cholla Corporate Center, near Northwest Medical Center.
Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | Picor of Tucson represented the investor, while Jordan Simon with Venture West of Tucson represented the seller, Shakaz, LLC of Tucson (Patricia Carter, principal).
In a separate transaction, OVFP Building, LLC of Tucson (Dr Robin Rash, MD) is constructing a new 5,015 square-foot medical office building for a family practice location at 1862-1866 Innovation Park Drive in Oro Valley. The 9,134 square foot pad in Innovation Park was purchased for $441,320 as a built-to-suite by the seller, a Venture West affiliate, Innovation Corporate Center, LLC should have final cost at $1.2 million and be move-in ready by November 2014.
Jordan Simon of Venture West represented the seller while David Montijo, First Vice-President of CRE in Tucson represented the buyer in the transaction.
To reach Glaser directly call (520) 546-2707. Montijo can be contacted at (520) 323.5136 and Simon is at (520) 722.9292 for more information.