Valleywise Health Sells Former Maryvale Community Health Center for $1.8M
Land Advisors Organization’s Healthcare Strategy Team represents Valleywise Health as part of an integrated project management solution for real estate site selection and other services.
Scottsdale, Ariz. –Land Advisors Organization’s Healthcare Strategy Team represented Valleywise Health in the $1.8 million disposition of a 15,750 square-foot medical office building that once housed the Maryvale Community Health Center. The team has represented Valleywise Health since 2017 as a part of an integrated project management solution for real estate site selection and other services.
The 2.43-acre property, purchased by a local non-profit organization, is located at 4011 N. 51st Ave., in Phoenix. Built in 1991, the former Valleywise Community Health Center – Maryvale features individual clinical spaces and a community training room. It includes 158 parking spaces (10/1000).
“The expertise that the healthcare team at Land Advisors Organization brings to our deals is unparalleled and has helped us considerably with the implementation of our strategy,” said Warren Whittney, senior vice president with Valleywise Health. “Having access to market insights and the data they provide allows Valleywise Health to confidently plan and execute our site selection and growth strategy, ensuring that we are strategically located in the communities we serve.”
Land Advisors Organization’s Healthcare Strategy Team, comprised of industry veterans Michael Brinkley, Michele Pino and Laurie Sandau, represented Valleywise Health also known as the Maricopa County Special Health Care District (Stephen Purves Principal). The buyer was represented by Kevin Helland with Avison Young.
“The team has located seven sites for new Valleywise community health centers, as well as handling the disposition of their excess real estate,” Pino said. “We also represented Valleywise in the acquisition of the Maryvale Hospital, which was converted to a behavioral health hospital. This transaction is the fourth sale of an excess Valleywise clinic building site.”
The Healthcare Strategy Team focuses on advising and guiding the healthcare industry in Arizona through every stage of its real estate decisions. The team offers advisory services to healthcare users, developers, municipalities and investors to best ensure that growth plans are timely and geographically strategic. Services include front-end consulting strategies that analyze and report on healthcare infrastructure needs, site selection and development opportunities, full-spectrum leasing services, and sales.