Mike Conn Of Meridian Acquires Medical Office In Tucson For $8.05M

A medical office asset located at 4888 North Stone Avenue in Tucson, AZ, was recently sold. The property spans 9.27 acres and consists of a vacant medical building with a total area of 94,569 square feet. The sale price for the asset was $8,050,000, equating to a price per square foot of $85.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $8,050,000
• Sale Date: 10/23/2024
• Address: 4888 North Stone Avenue
• Market: Tucson, AZ
• Acres: 9.27
• Square Feet: 94,569
• Price per Square Foot: $85
• Buyer: Mike Conn
• Buyer Agency: Meridian
• Broker: Rick Kleiner
• Broker Agency: Cushman & Wakefield

Mike Conn of Meridian was the buyer involved in this transaction, while Rick Kleiner represented the transaction as the broker from Cushman & Wakefield. Meridian's plans include converting the acquired medical building into a health center dedicated to El Rio Health.