Dobson Medical building sells in Mesa for $2.95 Million

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Dobson Medical Building, 2204 S. Dobson Rd., Mesa, AZ

Phoenix, Arizona – This is as close to home as it gets for one valley commercial real estate advisor.  Nicole Ridberg, senior advisor with SVN Desert Commercial Advisors has some deep family roots and ties to this Dobson Medical building, dating back almost 35 years ago.  Ironically but strategically planned, she just so happens to be the lead advisor in the recent sale for the $2.95 million of this same medical building in Mesa.

 

The property is located at 2204 S. Dobson Rd. in Mesa, AZ. The office building is located just south of Superstition freeway off Dobson and Baseline Roads. Ridberg has some deep family roots since her father was involved with the development of this building in 1984.  Dr. Ridberg practiced pediatrics on the first floor until he retired from medicine in 1999. 

 

“I have followed this building through several owners,” said Nicole Ridberg. “Once I discovered it was on the market, I was able to bring a buyer.”

 

The sale was in escrow only 45 days with a cap rate of 7.36%.  The buyer Patrick Appleton with AZCA Investments, Inc purchased this property as an investment to leave to his children some day. 

 

“Nicole has been extremely helpful through the purchase of this investment,” stated Appleton.  “I appreciate her being by my side every step of the way.”  The buyer, a previous owner of hotels retired from the hospitality business and is now just enjoying his own time. 

 

SVN advisor, Mary Nollenberger was also involved with the transaction.