Phoenix, (May 6, 2026) – Cushman & Wakefield announced today that the firm represented Phoenix Metro, LLC, in the sale of Metro Medical Plaza at 3201 W. Peoria Ave., to Albuquerque SNF, LLC for $10.4 million.
Cushman & Wakefield’s Eric Wichterman and Chris Toci represented the seller, Helix Properties, a fully integrated, industry-leading commercial real estate company based in Phoenix, in the transaction.
“Metro Medical Plaza is ideally positioned within walking distance of The Metropolitan—an approximately $850 million mixed-use residential and retail redevelopment of the former 80-acre regional mall site,” Wichterman said.
“This project is expected to drive a significant influx of dense, higher-end residential growth and upgraded amenities in close proximity to Metro Medical Plaza. Moreover, Metro Medical Plaza is the only medical office complex serving the immediate three-mile radius surrounding the former Metro Center Mall. Together, these attributes create a powerful catalyst for exponential rent growth.”
Metro Medical Plaza is a 90% leased, eight-building medical office complex encompassing approximately 58,000 square feet of tenant space. The property features a diverse mix of medical users, including dentistry, family medicine, orthopedics, therapy, and imaging providers. It has also undergone extensive renovations and tenant improvements.