Provider Real Estate Partners Fund I LP Acquires Chandler Medical Center For $7.3M
655 South Dobson Road
$7,300,000
$323/SF
Building Size
22,591 SF
Asset Type
Medical Office
Closing
Jun 20, 2024
AI
The Chandler Medical Center, a 22,591-square-foot Medical Office located at 655 South Dobson Road in Chandler, AZ, was recently sold for $7,300,000 at a price per square foot of $323.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $7,300,000
- Address: 655 South Dobson Road
- Market: Chandler, AZ
- Brokers: Cole Neville, Lane Neville & Matt Westra - NAI Capital
NAI Horizon facilitated the $7.3 million sale of the Chandler Medical Center to Cleveland's Provider Real Estate Partners Fund I LP, marking a transaction where NYC-based Tolis Advisors transferred ownership.
Players
Chandler Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93