Stockdale Capital Partners Acquires Medical Office Portfolio From Banner Health For $32M

The medical office portfolio in Mesa, Gilbert, and Queen Creek, AZ, was sold for $32,000,000. The property spans 80,315 square feet and was purchased at a price per square foot of $398. The sale was facilitated by JLL Capital Markets to Stockdale Partners, with financing of $25 million secured for the transaction.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $32,000,000
• Address: Medical Office Portfolio
• Market: Mesa, Gilbert & Queen Creek, AZ
• Buyer: Bryan Fairbanks - Stockdale Partners
• Seller: Peter S. Fine - Banner Health
• Broker: Mindy Berman - JLL
• Mortgage Brokers: John Chun - JLL

Bryan Fairbanks, representing Stockdale Partners, successfully acquired the medical office portfolio. Peter S. Fine of Banner Health acted as the seller in the transaction. Mindy Berman from JLL served as the broker facilitating the sale, while John Chun, also from JLL, handled the mortgage brokerage for the deal.