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Tyler Morss Of Cushman & Wakefield Secures $37.1M Loan For Medical Office In Scottsdale
FINANCED
$37,100,000
Arizona
See Similar DealsMedical Office163,311 SF
Financed 07/02/2025
FINANCED
Tyler Morss Of Cushman & Wakefield Secures $37.1M Loan For Medical Office In Scottsdale
7373 North Scottsdale Road
See Similar DealsMedical Office163,311 SF
Financed 07/02/2025
Summary
ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$227
Total Square Footage:163,311 SF
Transaction Type:Loan
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
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,100,000.00
Monthly NOI$247,333.33
Monthly Debt Service$234,497.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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