MIG Real Estate Sells Scottsdale Centre Medical Office Building For $44.58M With Cushman & Wakefield
7373 North Scottsdale Road
$44,580,000
$273/SF
Building Size
163,311 SF
Asset Type
Medical Office
Closing
Jun 18, 2025
AI
A medical office building located at 7373 North Scottsdale Road in Scottsdale, AZ, was sold for $44,580,000. The property spans 163,311 square feet and was transacted at a price per square foot of $273.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $44,580,000
- Sale Date: 06/18/2025
- Seller: MIG Real Estate
- Brokers: Travis Ives, Gino J. Lollio & Tyler Morss - Cushman & Wakefield
An Arizona-based investor acquired this property as part of a 1031 Exchange, with Cushman & Wakefield facilitating the transaction through their brokerage services.
Players
Paradise Valley Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93