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7373 North Scottsdale Road

Tyler Morss Of Cushman & Wakefield Secures $37.1M Loan For Medical Office In Scottsdale
FINANCEDMedical Office

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

Tyler Morss

Cushman & Wakefield

Broker

$312.3M

vol

10 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Foothills Bank
Foothills BankLender

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