Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  + Healthcare  | 
Phoenix Missouri Ave. Medical Goes for $9 million

Newly Revamped Phoenix Medical Building Nets $9 Million

A 24,800 square foot multi-tenant medical office building traded hands in a recent deal worth $365 a square foot. The newly renovated, two-story building is 100% leased to a stable rental group. The buyer was 1277 Investment Alliance. Helix Properties was the seller.

Mike Wichterman led a group of Cushman & Wakefield agents who repped the seller, “This was a high-quality investment opportunity of a stable and fully renovated medical office building in the upscale and amenity-rich Biltmore-Camelback Corridor. The seller had recently invested $1 million in completing a series of interior/exterior renovations and tenant improvement during 2020/2021.”

Built in 1975, the Missouri Professional Plaza is located at 1277 E. Missouri. It’s near a number of retail stores and restaurants surround the project in all directions. 7th Street “Restaurant Row” is just a half-mile a way.

Connect

Inside The Story

Eric Wichterman

About Mike Boyd

  • ◦Sale/Acquisition
Money360-16-cube