Clay Duvall And David Binswanger Acquire Surgery Center In Mesa Arizona For Long-Term Lease To Banner Health

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.