Albany Road Real Estate Partners Secures $19.96M Loan For Edwards Professional Park In Scottsdale
10752 North 89th Place, 8952 E. Desert Cove Avenue & 8952 East Desert Cove Avenue
$19,962,000
$218/SF
Building Size
91,469 SF
Asset Type
Medical Office
Closing
Aug 13, 2026
AI
The transaction involves a 91,469-square-foot medical office portfolio located at 10752 North 89th Place and 8952 East Desert Cove Avenue in Scottsdale, AZ. The acquisition financing for the property amounted to $19,962,000. The buildings are currently 91% leased, accommodating 47 healthcare tenants.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $19,962,000
- Loan Type: Acquisition
- Asset Size: 91,469 SF
- Addresses: 10752 North 89th Place & 8952 East Desert Cove Avenue
- Market: Scottsdale, AZ
- Landlord: Christopher Knisley - Albany Road Real Estate Partners
- Broker: Tyler Morss - Cushman & Wakefield
Cushman & Wakefield facilitated the acquisition financing for Albany Road Real Estate Partners, with Tyler Morss leading the financing assignment for this transaction involving the medical office portfolio known as Edwards Professional Park I & II.
Players
Houston 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93