SCOTTSDALE – (July 27, 2023) – DOCPROPERTIES, a leading healthcare real estate investment and advisory firm, is delighted to announce the successful sale of a prime redevelopment property situated in downtown Scottsdale, Arizona. The property, totaling 40,840 square feet, has been sold for an impressive $4,200,000, translating to a remarkable $103 per square foot. The entire transaction was efficiently concluded within a mere 10 days from the opening of escrow. The decision to sell the property was guided by its strategic location, boasting desirable frontage on Osborn Road, and its close ..read more

7331 E. Osborn Rd, Scottsdale, AZ Owned by Klingbeil Capital Management based in San Francisco, the Seller was ready to exit the asset. The Scottsdale Medical Pavilion was a rare opportunity to own a fee-simple, multi-tenant ±53,137 SF medical office building in Old Town Scottsdale, which is adjacent to HonorHealth Scottsdale Osborn Medical Center. The project was cash-flow positive with tremendous upside and potential. The project was favorably positioned within the Old Town Scottsdale community in the medical district. The Property is located across the street from HonorHealth Scottsdale Osb ..read more

16838 E. Palisades Blvd., Fountain Hills, AZ VJ Fountains Hills Medical Center, LLC, a local healthcare real estate investment and development firm sells this MOB to Physicians Realty, LP. The 49,054 square foot multi-tenant medical office building is located in the heart of Fountain Hills. Developed in 2008, Fountain Hills Medical Campus is the offspring of the joint venture between local health care providers Scottsdale Medical Imaging, Fountain Hills Family Practice and Spooner Physical Therapy, and local developer VJ Properties, all of which desired to create and own a medical campus with ..read more

Sustained Strong Fundamentals for an Asset Class that Provides Essential Services GLENDALE–(May 3, 2023)–DOCPROPERTIES, a leading healthcare real estate investment, and advisory firm, announced the successful completion of another sale-leaseback transaction for Arizona Eye Specialists, a large ophthalmology practice in the state. The sale, which totaled $2.15 million and commanded $389 per square foot, was made to a 1031 investor from Tucson, Arizona. “Our partners continue to grow our practice, and the proceeds from our recent sale-leasebacks allow us to continue to expand our sites across Ma ..read more

Sustained Strong Fundamentals for an Asset Class that Provides Essential Services GLENDALE – (May 3, 2023) – DOCPROPERTIES, a leading healthcare real estate investment and advisory firm, announced the successful completion of another sale-leaseback transaction for Arizona Eye Specialists, a large ophthalmology practice in the state. The sale, which totaled $2.15 million and commanded $389 per square foot, was made to a 1031 investor from Tucson, Arizona. “Our partners continue to grow our practice, and the proceeds from our recent sale leasebacks allow us to continue to expand our sites a ..read more

With the need for healthcare real estate snowballing as more people move to the Phoenix area, DOCPROPERTIES helps many physicians and investors realize the benefits of investing in healthcare properties. AZRE not only awarded the company a spot on its 2022 list of the top 50 commercial real estate companies in Phoenix, but also turned to managing principal Trisha Talbot for insight into what’s in store for healthcare real estate in the coming year. AZRE highlighted DOCPROPERTIES’ extensive market knowledge and data-driven approach to identifying new or existing medical properties aligned with ..read more

Micro-hospitals are an excellent way to serve people flocking to outlying areas who don’t want to travel for medical services. Writing about how micro-hospitals are shaking up the Valley’s healthcare industry, AZRE turned to Trisha Talbot for insight into the land needed and types of care provided. Explaining that the high cost of tenant improvements eliminates leasing as an option, Trisha recommended owners purchase three-to-five acres. Because they provide aid quickly and offer transparent pricing, she believes they are a facet of commercial real estate sector that will remain strong. Trisha ..read more

The latest market data in the Q3 reports of 2022 anticipates, as many other real estate, financial and economic outlooks predict, a possible national recession in the forthcoming months. Some short-term setbacks are expected in Arizona, hence focusing on a positive outlook in the long term. While healthcare real estate is navigating a post-pandemic economy, the fundamentals for the demand of medical office buildings demonstrate that lease rates and sales volume will weather the pending recession storm. Recent updates in the sales and leasing activities depict a positive YOY growth. Looking at ..read more

Business owners who own their own buildings can maximize returns by exiting at the height of the real estate cycle. Writing for Phoenix Business Journal, Trisha Talbot shared three ways to make the most of an office building sale. Trisha suggests implementing a sale-leaseback, which provides businesses with cash while allowing them to stay in the building — a move that is especially beneficial to healthcare providers and owners who plan to retire within 10 years. Explaining how sale-leasebacks enable business owners to favorably counter short-term market uncertainty as well as reap long-term b ..read more

The East Valley continues to be an especially strong market for healthcare real estate, with DOCPROPERTIES brokering the sale of the 2,713-square-foot medical office condo at 4915 E. Baseline Road, Building 6, #114 in Gilbert for $1.15 million. At $424 per square foot (PSF), the suite commanded nearly 50% more than the $285 average PSF for the Phoenix area in Q2 2022. DOCPROPERTIES represented the seller, Gateway Arizona Eye Specialists LLC, in the sale-leaseback transaction, which closed on Sept. 2 — 17 days after signing the Purchase and Sale Agreement and much faster than the 60 days such d ..read more