TUCSON, ARIZ. – NAI Horizon represented the seller in the $11.55 million sale of a two-story, fully occupied medical building at 535 N. Wilmot Road, in Tucson.
Justin Lanne and Andrew Sternberg with NAI Horizon’s Tucson office represented the seller, 535 Wilmot Investors, an affiliate of The Schomac Group. The buyer, AP MP, LLC, an affiliate of MBRE Health Care, closed escrow on the investment property on July 7.
The asset is a 40,936-square-feet medical building which is wholly occupied and leased to Banner Health, Inc. Banner Health has been a long-term tenant and just renewed its lease for another 10 years. Banner’s Diamond Children’s Multispecialty Service Clinic and Whole Health Clinic occupy each floor of the building.
“I sold the empty building to an affiliate of the seller in December of 2002,” Lanne said. “The asset was held by a lending institution at that time. The previous tenant was Cigna Health Care.”
For more information, Lanne should be reached at 520.907.3470 and Sternberg can be contacted at 520.729.1694.
To learn more, see RED Comp #7918.