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

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.