The following medical office buildings sold in Tucson during Q2 2014:
A 2,539-square-foot medical office condo sold to Green Valley Medical Building, LLC of Tucson (Scott Sheftel, MD) at 18855 S La Canada Dr., Unit 1, in Green Valley for Sheftel Dermatology. The property is new construction in Santa Rita Professional Plaza and commanded a sale price of $650,000 ($256 PSF).
Marana Health Center purchased the 5,360-square-feet building at 1323 W Prince Road in Tucson for $700,000 ($131 PSF). The buyer was a tenant in the property prior to sale dba Flowing Wells Family Health Center specializing in Family Practice, Osteopathic Manipulation, and Women’s Health will continue to occupy it. Tony Reed with Long Realty Company in Tucson handled the transaction for buyer and sellers, R.L. Goedecke, DO and J.R. Sowers, DO.
Alvernon Medical Center, LLC (Dr. Kai Uwe Lewandrowski) bought the 7,767-square-feet building at 717 South Alvernon Way in Tucson to occupy as an Orthopedic Surgeon’s office. The seller was The Blake Holding Company that previously owner occupied the property dba Easter Seals Blake Foundation Living Services. The two-story building (built 1982) sold for $775,000 ($100 PSF). Tari Auletta with Tucson Realty and Trust handled the transaction for both sides.
Aspin Investment, LLC of Tucson (Allan and Siri Pratt, members) purchased the 3,927-square-foot medical building located at 5295 E Knight Dr. in Tucson from TMC Holdings, Inc. of Tucson. The property (built 1985) on a ground lease owned by TMC commanded a sale price of $250,000 ($64 PSF). Tom Knox, SIOR and Rick Kleiner, MBA Principals and Office Specialists with Cushman & Wakefield | Picor represented the buyer. Jordan Simon with Venture West Real Estate represented the seller in the transaction.
Oracle Professional Investments, LLC of Surprise, AZ (Dr. L. Phillip Wall) purchased the 4,612-square-feet medical offices at 5585 N Oracle Road in Tucson in a sale leaseback transaction for $940,000 ($204 PSF). The seller, 5585 N Oracle, LLC (Dr. John A Pierce) will continue to occupy the property (built 1987) dba Aesthetic Surgery of Tucson.
An investment sale of the 8,936-square-feet multi-tenant medical office building at 170 N La Canada in Green Valley sold to Green Valley Professional Center, LLC (Carl Zimmerman and CE Patterson) for $950,000 ($106 PSF). The building (built 1977) sits on 1.23 acres and was sold by Bohart 1969 Trust of San Jose, CA. Zimmerman occupies an adjoining property at 150 N La Canada Dr. dba Santa Rita Nursing and Rehabilitation Center.
A freestanding 2,559-square-feet former dental office at 375 West Ajo Way in Tucson sold to Shane Traugott of Tucson for $325,000 ($127 PSF).The property was built in 1973 on a 13,964-square-foot lot will be converted a veterinary office dba Animal Birth Control of Tucson a company founded by Shane Traugott. Roger Breckenridge of Long Realty Company in Tucson represented the buyer and the seller Nels E Rasmussen Jr. Trust of Tucson.
To learn more, Reed can be reached at (520) 918-5189 and Breckenridge is at (520) 918.5813. Knox can be contacted at (520) 546-2701 while Kleiner is at (520) 546-2745. Simons should be reached at (520) 722-9292 x 103. Contact Auletta at (520) 235-2727.