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MIG Real Estate Sells Scottsdale Centre Medical Office Building For $44.58M With Cushman & Wakefield
SOLD
$44,580,000
+ 1
Arizona
See Similar DealsMedical Office163,311 SF
Sold 06/18/2025
SOLD
MIG Real Estate Sells Scottsdale Centre Medical Office Building For $44.58M With Cushman & Wakefield
7373 North Scottsdale Road
See Similar DealsMedical Office163,311 SF
Sold 06/18/2025
+ 1
Summary
ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$273
Total Square Footage:163,311 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,377,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$158,383.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$211,331.94
Annual Debt Service$2,535,983.32
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