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Regent Properties Sells Medical Office In Scottsdale For $11 Million With Newmark As The Broker

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SOLD
$11,000,000

Arizona

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Medical Office91,082 SF
Sold 07/15/2024
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SOLD

Regent Properties Sells Medical Office In Scottsdale For $11 Million With Newmark As The Broker

9977 North 90th Street

See Similar Deals
Medical Office91,082 SF
Sold 07/15/2024
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Summary

ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$120
Total Square Footage:91,082 SF
Transaction Type:Sale

A medical office property located at 9977 North 90th Street in Scottsdale, AZ, has been sold for $11,000,000. This asset spans 91,082 square feet on a 3.32-acre lot, with a price per square foot of $121. At the time of sale, the building was 86% leased and is situated in the "Scottsdale Cure Corridor."

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $11,000,000
  • Address: 9977 North 90th Street
  • Market: Scottsdale, AZ
  • Asset Size: 91,082 SF
  • Price per Square Foot: $121
  • Acres: 3.32
  • Seller: Regent Properties

The transaction was facilitated by brokers Barry Gabel, Charles (CJ) Osbrink, and Chris Marchildon from Newmark. They were instrumental in brokering the sale of the Class A office and medical office property in this notable market area.

Players

Barry Gabel
13 deals$531.5M volume
BROKER

Chris Marchildon
Newmark
13 deals$531.5M volume
BROKER

Charles (CJ) Osbrink
Newmark
8 deals$325.9M volume
BROKER

Details

SOLD
IMAGE: 07/15/2024 ADDRESS: 9977 North 90th Street MARKET: Scottsdale, AZ ASSET TYPE: Medical Office ~ ACRES: 3.32 SELLER: Regent Properties BROKERS: Barry Gabel, Charles (CJ) Osbrink & Chris Marchildon - Newmark SALE PRICE: $11,000,000 SF: 91,082 ~ PPSF: $121 NOTE: Newmark brokered the $11 million sale of a 91,082-square-foot Class A office and medical office property at 9977 North 90th Street in Scottsdale. The building, located in the "Scottsdale Cure Corridor," was 86% leased at the time of sale.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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