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3/04/26
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SSP Investments Inc, a Bay Area-based family office, purchased two medical office assets for $26.2 mil. The assets, located in Phoenix and San Rafael, total 69k sf of space.
 8921 W. Thomas Rd, Phoenix |
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In one of the deals, SSP Investments paid $17 mil for 8921 W. Thomas Rd, a 42k sf building in Phoenix. The property is 100% leased to SimonMed Imaging, the nation’s largest outpatient physician radiology group. The building is located across from Banner Estrella Medical Center, a 317-bed hospital serving nearly 400,000 residents within a five-mile radius.
In the other transaction, the firm acquired 111 Smith Ranch Rd in San Rafael for $9.2 mil. The 27.2k sf medical building is fully leased to Kaiser Permanente. The property serves Kaiser’s Psychiatry & Addiction Medicine Services and is located just half a mile from its 150k sf regional headquarters.
CBRE’s Nick Whitstone and Andrew Trillo represented the buyer in both acquisitions.
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