PHOENIX, Arizona – CBRE Group, Inc. completed the sale of Southern Business Center, a 39,244-square-foot office property, located at 777 W. Southern Ave. in Mesa, Ariz. The property commanded a sale price of $3 million ($76.44 PSF).
Jamie Swirtz with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, Tempe, Ariz.-based Saia Family Limited Partnership. David Barrett, with CBRE’s Phoenix office, represented the buyer, Phoenix-based NATIVE HEALTH.
NATIVE HEALTH, a Federally Qualified Health Center and Urban Indian Health Program, provides primary medical, dental, behavioral health, WIC and wellness programs for all individuals. NATIVE HEALTH will be opening a third clinic beginning with community outreach services and wellness programs summer 2017. NATIVE HEALTH currently operates two community health centers and an Information and Referral center in Phoenix.
“Expanding NATIVE HEALTH to the East Valley will allow for easier access to primary care for the growing American Indian/Alaska Native population in the east valley,” said Walter Murillo, CEO of NATIVE HEALTH. “We are committed to giving patients complete integrated care in a setting where they feel welcome.”
The single-story, office building is located on the southest corner of Extention Road and Southern Avenue with proximity to public transportation lines, Loop 101 and the U.S. 60. It is situated in Mesa’s Fiesta District, which has seen a surge in activity since the City of Mesa rebranded the district and made enhancements to the streetscape and landscape.
“Southern Business Center presented a unique opportunity for NATIVE HEALTH to expand in an area that has been going through an exciting transformation,” said Swirtz. “With extensive redevelopment to the Fiesta District underway, the property is well-positioned at the center of an emerging East Valley business district.”