The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 28, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Phoenix Medical Office Campus Trades


Paradise Valley Professional Campus, a nine-building, 56.3k sf medical office campus in Phoenix, traded hands. The property, located at 16620 North 40th St, features nine standalone one-story medical offices on 5.62 acres.

The buildings are connected by a shared courtyard and are surrounded by 255 parking spaces, including 68 covered spaces. The medical offices are south adjacent to Abrazo Health Scottsdale Hospital Campus.

Paradise Valley Professional Campus is 93% leased to a diverse mix of local, regional, and national medical office users, including SOH Dental, Arizona Kidney Disease & Hypertension Centers (AKDHC) and Action Behavior Centers. Located off State Route 51, the property allows tenants to conveniently provide medical services to much of the Phoenix metro's population.

Geoffrey Turbow, Gary Cornish, Matt Pourcho, Anthony DeLorenzo and Bryan Johnson of CBRE Investment Properties represented the seller, Cypress West Partners, in the transaction.

According to research analyzed by CBRE, medical office leasing continues to perform well across the Valley, evidenced by the 11% vacancy rate and 430k sf of net absorption over the past 12 months in metro Phoenix.

Return to the previous page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media