Updated Sep 17, 2026
Clay Duvall And David Binswanger Acquire Surgery Center In Mesa Arizona For Long-Term Lease To Banner Health
6003 East Baseline Road
Building Size
13,957 SF
Asset Type
Medical Office
Closing
Sep 17, 2026
About this deal
AI
The property asset involved in this transaction is a medical office located at 6003 East Baseline Road in Mesa, Arizona. It encompasses 13,957 square feet and is situated on a 1.77-acre lot. The transaction marks a significant acquisition in the healthcare real estate market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Square Footage: 13,957
- Acres: 1.77
- Address: 6003 East Baseline Road
- Market: Mesa, AZ
- Buyer: Clay Duvall & David Binswanger - Lincoln Property Company; Jacques Chappuis - PGIM
- Brokers: Collin Hart & Andy Matti - ERE Healthcare Real Estate Advisors
This transaction involved the acquisition of the Surgery Center of Gilbert, which is a single-tenant ambulatory surgery center leased long-term to Banner Health and its surgical partners. This deal signifies the first metro Phoenix acquisition for the partners as they expand their healthcare real estate portfolio.
Players
Mesa 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93