TUCSON, Arizona – A net leased sale of the medical office building at 850 N Kolb Road in Tucson sold recently for $2 million ($175 PSF). The 11,398-square-foot building was built in 1992 on 2.32 acres located southeast of Rosewood Street and Kolb Road.
The seller had been an occupant in part of the building, dba Luis Cueva, Jr. DDS. Property sold fully occupied to Arizona Center for Vasectomy and Urology, Dr. Peter Burrows.
As a urologist, Dr. Burrows is highly trained to treat disorders of the male and female urinary tract (bladder, ureter, kidney, and urethra) and the male reproductive system. Dr. Burrows has also received additional training in subspecialty areas including microsurgery (e.g., vasectomy, vasectomy reversal) and male reproductive medicine and surgery (e.g., male infertility, erectile dysfunction, vasectomy reversal).
The building includes exam rooms, offices, operating room, lab, and recovery room.
The investor was Academy Medical Center, LLC an affiliate of EJC Properties, Eddy Chernecki, manager.
Jon O’Shea of Vast Commercial Real Estate Solutions handled the transaction for buyer and seller.
For more information, O’Shea should be reached at 520.624.9400.
To learn more, see RED Comp #10098.