Office Condo at Grant Road Professional Plaza Sells for $975,000 / $168 PSF

TUCSON, ARIZONA – An ophthalmology specialist, Dr Patrick Tsai, purchased the medical condominium at 5979 East Grant Road for $975,000 ($168 PSF) to owner occupy it for his practice.  The 5,799-square-foot office condo, built in 2008, was previously used for a sleep lab. The buyer was in unit #107 at Grant Road Professional Plaza prior to this purchase.

Grant Road Professional Plaza is 43,000-square-feet of Class “A” medical and professional office space located in four buildings at Grant and Sahuara, east of Swan.  The development is located between two major eastside hospitals:  Tucson Medical Center & St. Joseph’s Hospital.

With easy access to the Foothills, Eastside and Central areas of Tucson, this development provides excellent employee and client parking with available covered parking.  There is also a deceleration lane from Grant Road into the project.

The four buildings range in size from 8,000- to 19,000-square-feet.

Buzz Isaacson with Buzz Isaacson Realty represented the seller, Onpointe Holdings of Laguna Niguel, California. John Yarborough and David Carrol with Romano Real Estate represented the buyer.

For more information, Isaacson should be reached at 520.529.1300 and Yarborough and Carrol can be contacted at 520.577.1000.

To learn more, see RED Comp #9569.




Centum Health Arizona & Colorado Medical Office Portfolio Sells for $56 Million

SCOTTSDALE, AZ / DENVER, CO — CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of the Centum Health Arizona and Colorado Medical Office Portfolio. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman partnered with Andrew Fosberg and Dylan Brown in the Arizona market to act as the seller’s exclusive advisors.

The Portfolio consists of four Class A medical office campuses, with nine buildings in total, that are 80% leased to a large collection of some of the most dominant national and regional healthcare providers. The asset sold for $56 million ($311 PSF) for the 180,000-square-feet of office space.

The Properties are in two of the fastest growing markets in the country – Phoenix/Scottsdale and Denver. Each of the submarkets in the Portfolio features large, growing, affluent patient bases that are experiencing high patient volumes and growth.

For more information, contact Bodnar at 303.628.1711, Asher at 404.504.5965, Lindsley at 303.628.1745, Selbiger at 404.923.1259, Solomiany at 405.536.5054 and Holderman at 858.546.4670. Brown and Fosberg can be reached in the CBRE Phoenix office at 602.735.5555.




Registration Extended to February 22 for Southern Arizona CCIM 30th Annual Forecast

TUCSON, ARIZONA — The Southern Arizona CCIM Chapter is pleased to announce that registration for the Chapter’s 30th Annual Forecast meeting has been extended now to February 22 until 4PM!

The 2022 Southern AZ CCIM Chapter 30th Forecast will be held Thursday, February 24, 2022 from 9:00 AM – 12:00 PM at Tohono Chul/Garden Pavilions – 7366 N Paseo Del Norte, Tucson, AZ 85704.

The February 22nd deadline will be the last day to register by 4PM.

Register Now – There’s Still Time – Click Here!

This year’s theme is – Who is coming to Tucson and why?

Keynote speakers will be Renee Gonzales, CEO of Long Realty Companies and Jeff Murtaugh, CEO of Realty Executives Arizona Territory.

  • Industrial Panel: Rob Glaser, CCIM, with Cushman & Wakefield | PICOR and Dave Blanchette, CCIM, with NAI Horizon;
  • Multifamily Panel: Allan Mendelsberg with Cushman &Wakefield | PICOR, Jim Bradley, CCIM, with AXIA Real Estate Appraisers and Robert Motz with Pima Credit Union;
  • Office Panel: Bruce Suppes with CBRE, Tom Nieman of Cushman & Wakefield | PICOR, and Perry Whitthorm with Holualoa Companies;
  • Retail Panel: Rob Tomlinson of Cushman & Wakefield | PICOR and Melissa Lal with Larsen Baker;
  • Development Panel: David Larson with BFL Construction and Brian Underwood with The Planning Center

Register Now

Tickets

  • $100.00 Member Rate
  • $125.00 Non-Member Rate
  • $700.00 Table of 8 (if a member is registering the table)
  • $700.00 Table of 8 (if a non-member is registering a table)
  • $150.00 At the Door after February 22nd

Check-in Information:

  • 7:30 AM – Check-in
  • 8:00 AM – Buffet/Breakfast
  • 8:30 AM – Start Time

CEU credit can be obtained for this event, by signing in by 8:30 AM with Pat Sheahan who will be next to the check-in registration table.

Remember,

Last day to RSVP is Tuesday, February 22, 2022. DON’T MISS IT! CLICK HERE