For Immediate Release
Cushman & Wakefield Advises Sale/Leaseback of Victorium Sports/Sports Medicine Facility in Scottsdale, AZ for $8.9 Million
Sacramento, CA investor acquires state-of-the art indoor sports asset in north Scottsdale
SCOTTSDALE, Ariz., – February 17, 2022 – Cushman & Wakefield announced the firm has brokered the sale/leaseback of Victorium, a unique 30,038-square-foot integrated sports and sports medicine facility in Scottsdale, Arizona.
The property was acquired for $8.9 million by North Scottsdale Sports Complex Holdings, LLC, an El Dorado Hills (Sacramento), CA-based investor. The seller was Victorium, which agreed to lease back its existing 30,038 square feet of space within the building.
Cushman & Wakefield’s Chris Hollenbeck, Tracy Cartledge, Bob Buckley and Shane Carter represented the seller in the sale transaction. The team also handled the leaseback.
“This offering provided an excellent opportunity for an investor looking to acquire a long-term income property in a prime location in a desirable Scottsdale area, with an exceptional business model,” said Chris Hollenbeck. “Victorium is premier indoor facility and sports medicine clinic that is a perfect complement to a larger sports ecosystem in the immediate area.”
Victorium consists of a unique business integrating sports play, performance and training with sports medicine—both immediate care and rehabilitative physical therapy. As part of the property’s synergetic occupancy are an urgent care facility including sports medicine, a major orthopedic practice, and a restaurant.
Adjacent to the property is the brand-new city-owned Bell Road Sports Complex, with 13 full-sized outdoor multi-use sports fields. The Ice Den, the NHL Phoenix Coyotes practice facility, and WestWorld, a 386-acre equestrian and event facility, along with several golf courses are also located nearby.
Victorium is also within minutes of two different interchanges with Loop 101 and within five-minutes of Scottsdale Airport, the busiest single-runway general aviation airport in the U.S.
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Media Contact:
Joshua Deale
Cushman & Wakefield
Communications Manager, West Region
+1 415 677 0423
joshua.deale@cushwake.com
www.cushmanwakefield.com
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