Irgens Sells Shea Medical Plaza for $11.6 Million

Shea Medical Plaza, 7425 E. Shea Blvd., Scottsdale, AZ

Ohio Investor Expands Portfolio with Medical Office Building

PHOENIX, ARIZONA —  Irgens Partners, LLC  has completed the $11.65 million ($275 PSF) sale of Shea Medical Plaza at 7425 E. Shea Blvd. in Scottsdale.

The 42,439-square-foot medical office building was built in 1999.  Shea Medical Plaza is 100% leased and anchored by Scottsdale Children’s Group, NextCare and AZ Perio.  The medical office property is situated in the heart of Scottsdale, close to the Honor Health campus at 90th Street and Shea Boulevard.

“Irgens acquired this property in 2012 from a Bankruptcy liquidation.  The building was suffering from physical and leasing neglect so we implemented a full capital improvement and leasing plan.  Our improvements enhanced the physical structures and with the incredible leasing efforts of Mike Dupuy, Fletcher Perry and Racheal Thompson the project progressed from 45% to 100% occupancy,” says Jason Meszaros, senior vice president and managing regional director for Irgens .

Woodside Health purchased the medical office building from Irgens.  The deal was brokered by Dan Postal and Brian Ackerman with Jones Lang LaSalle.  Knight Management will continue as property manager for Woodside.

 




Medical Office Trades in Desirable South Scottsdale Submarket

SCOTTSDALE, Arizona – Situated along Civic Center Plaza, the ±16,919-square-foot Scottsdale Medical Building closed for $2.65 million ($156.63 PSF). The building sits adjacent to HonorHealth Scottsdale Osborn Medical Center. Nearby amenities include Scottsdale Stadium, Civic Center Mall, Scottsdale Fashion Square, and Old Town Scottsdale’s shopping, bars and restaurants.

J.T. Taylor and Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Buyer. “The Buyer was able to acquire one of the few medical office properties adjacent to HonorHealth Scottsdale Osborn Medical Center. The Buyer plans to renovate and re-position the property in order to re-lease the remaining space,” said Taylor.

The Buyer was 6 Turns, LLC, a subsidiary of SEBO Enterprises, LLC. The Seller was 3271 Civic Center, LLC, represented by Kelly O’Dea of LevRose.

 




Southern Arizona Urgent Care Expands Footprint in Metro Tucson

90 West River Rd, Tucson, AZ
90 West River Rd, Tucson, AZ

Southern Arizona Urgent Care (SAUC) has expanded its footprint with the recent opening of its third Tucson location, located at 90 W. River Rd. between N. Stone Ave. and N. Oracle Rd in the former Men’s Warehouse location.

Since inception in 2012, SAUC has opened two premier locations in Oro Valley and quickly become the healthcare destination of choice for routine or episodic healthcare needs.

What started as a vision in the mind of founder and CEO, Dr. David Skinner, MD, PhD, MBA, a local Tucsonan and U of A College of Medicine graduate, is now the best urgent care in Southern Arizona. That according to both Google and Yelp, where it is consistently the highest ranked urgent care for all of Tucson.

Dr. Skinner personally oversees the design and construction of each building to ensure that each SAUC location delivers an unprecedented healthcare experience. With its top-notch décor, warm atmosphere, and relentless focus on patient satisfaction, there is no question that SAUC has the perfect blend of ingredients. 

SAUC is on the fast track to becoming Southern Arizona’s leading urgent care platform. With its fourth location opening this November at 3662 W. Ina Road in Marana, and its fifth location opening on the northeast corner of Broadway Blvd. and Wilmot Rd., SAUC’s footprint will continue to expand with an additional seven locations opening in 2017. These 12 upscale and state-of-the-art urgent care centers will serve the entire Tucson Metro area and usher in a new standard of outpatient healthcare.

Southern Arizona Urgent Care facilities are open daily from 7 a.m. to 7 p.m., seven days a week. They accept most major insurances and offer an affordable self-pay option. For more information and to check-in, visit the website at https://SAUC.com or call (520) 544-CARE

Aaron LaPrise with Cushman & Wakefield | PICOR represented SAUC in the acquisition of the property and can be reached at 520-546-2770.