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April 13, 2024
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Stockdale Capital Partners Spends $32 Mil on Phoenix Area Medical Property Portfolio

2/14/24

Stockdale Capital Partners purchased a strategically located outpatient medical building portfolio totaling 80.3k sf in a $32 mil transaction. The portfolio consists of three Banner Health Centers located in the high-growth, Phoenix east valley cities of Mesa, Gilbert and Queen Creek, AZ. The deal was financed with a $25 mil loan.

The portfolio is 100% occupied by Banner Health, one of the largest non-profit health systems in the country, to administer outpatient care. The properties were constructed in 2013 and 2014 to meet the high growth in demand for healthcare services in the east valley of Phoenix. Banner Health Centers are Banner’s preferred consolidated outpatient delivery platform for primary care, select specialties and services such as lab, imaging and pharmacy under one roof.

Mindy Berman, Pat Williams, Matt DiCesare and Liam Sorensen with JLL Medical Properties Group Investment Advisory Sales team procured the buyer and represented the seller, Banner Health, in the sale. John Chun, Daniel Digerness and Liam Sorensen with JLL Medical Properties Group Debt Advisory team arranged the financing.

"This high-quality medical portfolio is ideally positioned to capture and grow outpatient market share," said Berman. "The properties are strategically located on major thoroughfares in densely populated pockets of the east valley of Phoenix.”





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