Tyler Morss Of Cushman & Wakefield Secures $37.1M Loan For Medical Office In Scottsdale
7373 North Scottsdale Road
$37,100,000
$227/SF
Building Size
163,311 SF
Asset Type
Medical Office
Closing
Jul 2, 2025
AI
The property involved in this transaction is a medical office located at 7373 North Scottsdale Road in Scottsdale, AZ. The asset comprises a total square footage of 163,311 and the loan amount secured for this acquisition is $37,100,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $37,100,000
- Lender: Foothills Bank
- Broker: Tyler Morss - Cushman & Wakefield
- Loan Type: Acquisition
- Date: 07/02/2025
Tyler Morss of Cushman & Wakefield arranged the financing deal with Foothills Bank, which is a division of Glacier Bancorp, emphasizing their role in securing the acquisition loan for the medical office property.
Players
Paradise Valley Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93