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UDLR Healthcare Acquires Thunderbird Medical Pavilion In Glendale, AZ For $13.5M

Property Image
SOLD
$13,500,000
Mindy Berman
John Chun
+ 2

Arizona

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Medical Office92,811 SF
Sold 01/17/2024
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Property Image
SOLD

UDLR Healthcare Acquires Thunderbird Medical Pavilion In Glendale, AZ For $13.5M

5757 West Thunderbird Road

See Similar Deals
Medical Office92,811 SF
Sold 01/17/2024
Mindy Berman
John Chun
+ 2
Contact now

Summary

ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$145
Total Square Footage:92,811 SF
Transaction Type:Sale

The Thunderbird Medical Pavilion, a mission-critical medical office, located at 5757 West Thunderbird Road in Glendale, Arizona, has been sold for $13.5 million. The property spans 92,811 square feet, resulting in a price per square foot of $145. The sale was facilitated by JLL Capital Markets, with a team of brokers including Anthony Sardo, John Chun, Matthew DiCesare, Mindy Berman, and Pat Williams representing the seller. The buyer in this transaction is UDLR Healthcare.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $13,500,000
  • Square Footage: 92,811
  • Price per Square Foot: $145
  • Address: 5757 West Thunderbird Road, Glendale, AZ
  • Market: Glendale, AZ

JLL Capital Markets facilitated not only the sale of Thunderbird Medical Pavilion but also arranged $10.1 million in acquisition financing for this on-campus medical property. This transaction signifies the strong demand for mission-critical healthcare assets in Glendale, Arizona.

Players

John Chun
20 deals$1.1B volume
BROKER

Mindy Berman
CBRE
11 deals$875.4M volume(617) 899-0657
BROKER

Anthony Sardo
CBRE
6 deals$181.6M volume(978) 337-9980
BROKER

Matt DiCesare
JLL
9 deals$343.7M volume(310) 407-2149
BROKER

Pat Williams
JLL
1 deal$13.5M volume(602) 282-6286
BROKER

SELLER

Details

SOLD
IMAGE: Troy Freeman, Anthony Sardo, John Chun, Matthew DiCesare, Mindy Berman & Pat Williams DATE: 01/17/2024 ADDRESS: 5757 West Thunderbird Road MARKET: Glendale, AZ ASSET TYPE: Medical Office BUYER: UDLR Healthcare SELLER: Troy Freeman - Banner Health BROKERS: Anthony Sardo, John Chun, Matthew DiCesare, Mindy Berman & Pat Williams - JLL SALE PRICE: $13,500,000 SF: 92,811 ~ PPSF: $145 NOTE: JLL Capital Markets facilitated the $13.5 million sale and $10.1 million acquisition financing for Thunderbird Medical Pavilion, a mission-critical, on-campus medical property in Glendale, Arizona.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
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