Oct. 25, 2013- CBRE has completed the sale of three units within the Mountain View Office Suites, located at 9787 N. 91st St. in Scottsdale, Ariz. The 10,137-square-foot medical office building commanded a sale price of $2.1 million.
Andrew Fosberg and Steve Fernandez of CBRE’s Phoenix office represented the seller, Phaedrus LLC of Scottsdale, Ariz. The buyer, Holladay, Utah-based SH Property LLC, was represented by Bob Winegar and Lance Richards with Pierpont Equity Group in Phoenix, AZ.
“Due to the quality tenants and the proximity to Scottsdale Healthcare’s Shea campus in north Scottsdale, the asset received a lot of interest from prospective buyers,” said Fosberg. “We continue to see improvement in the Phoenix office market after our 2nd consecutive quarter with declining market vacancy rates.”
Mountain View Office Suites is located in the heart of north Scottsdale. The medical office building was 100% leased at time of sale and is anchored by the successful Scottsdale Endoscopy Center. Additional tenants include a newly relocated dental practice
and the Valley Sleep Center, which is dedicated to diagnosing and treating sleep disordors through its five metro Phoeix locations.