Montecito Medical Real Estate Acquires Medical Office In Peoria For $29M

The sale of a medical office property in Peoria, AZ has been completed. Located at 13640 N Plaza Del Rio Boulevard, the property spans 68,000 square feet and was sold for a total price of $29,000,000. This equates to a price per square foot of $426.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $29,000,000
• Address: 13640 N Plaza Del Rio Boulevard
• Market: Peoria, AZ

The buyer of the property is Montecito Medical Real Estate, while the seller is Banner Health. Representing the parties involved in this transaction were brokers Mindy Berman, Matt Dicesare, and John Chun from JLL.