News Release: DaVita | STNL | Just Closed

JUST CLOSED: 20325 North 51st Avenue

DaVita| $4,550,000 | Investment Services Group 

The Investment Services Group at Sun Commercial Real Estate is proud to announce the closing of a Single Tenant Absolute Net Leased DaVita Dialysis in Glendale, Arizona. DaVita Inc., a Fortune 500 company, serves as one of the largest kidney care companies in the USA and recently extended their term by 10 years showing their commitment to this property. This 12,148 square foot medical office building sold for $4,550,000 or $375 per square foot.

Closing Highlights

  • Efficient Marketing – Received strong interest with accepted all cash offer within the first week of marketing for sale
  • Sourced Knowledgeable Buyer – California buyer with ties to Arizona State University
  • 1031 Exchange – Sale closed within 75 days of opening escrow to allow Seller time to negotiate a suitable replacement property

“Our recent negotiation of this DaVita lease extension repositioned this property for an immediate sale.” 

– Cathy Jones, CPA, SIOR, CCIM, CEO of Sun Commercial Real Estate and lead on this transaction.

Investment Services Group

Cathy Jones, CPA, SIOR, CCIM

Jessica Cegavske
Vice President

Roy Fritz
Senior Vice President

Paul Miachika
Executive Vice President

Taylor Vasquez

Exclusively listed and sold by the Investment Services Group of Sun Commercial Real Estate, Inc.

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