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7373 North Scottsdale Road

MIG Real Estate Sells Scottsdale Centre Medical Office Building For $44.58M With Cushman & Wakefield
SOLDMedical Office

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

Travis Ives

Cushman & Wakefield

Broker

$493.4M

vol

16 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
MIG Real Estate
MIG Real EstateSeller

Paradise Valley 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

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93