Albany Road Real Estate Partners Acquires Medical Office Building In Scottsdale For $13.3M

Mark IV Capital Properties sold Paradiso, a two-story medical office building located at 11000 Scottsdale Road in Scottsdale, AZ, to Albany Road Real Estate Partners for a total price of $13.3 million. The building encompasses 59,445 square feet and was sold at a price per square foot of $224.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $13,300,000
• Address: 11000 Scottsdale Road
• Market: Scottsdale, AZ
• Square Footage: 59,445
• Price Per Square Foot: $224
• Buyer: Albany Road Real Estate Partners
• Seller: Mark IV Capital Properties
• Broker Representatives: Eric Wichterman, Alexandra Loye, Christopher Toci & Mike Coover - Cushman & Wakefield

This transaction highlights the involvement of key broker representatives from Cushman & Wakefield, ensuring a successful transfer of ownership for the medical office asset. The deal marks a significant addition to Albany Road Real Estate Partners' portfolio.