News Release: Just Closed :: Scottsdale Medical Pavilion

CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Scottsdale Medical Pavilion (the “Property”), located in Scottsdale, AZ. CBRE’s Healthcare Capital Markets team partnered with CBRE’s local broker, Phil Wurth, to act as the seller’s exclusive advisors. The buyer was represented by Geoff Turbow in CBRE’s Phoenix office.

Scottsdale Medical Pavilion, a multi-tenanted, 52,346-rentable-square-foot medical outpatient building presented a rare opportunity to own fee-simple, hospital-adjacent real estate with tremendous upside in highly sought-after Old Town Scottsdale.

The Property has prime real estate within the Old Town Scottsdale community, just to the east of Scottsdale Road and south of Osborn Road. Convenient access is provided by Osborn Road and Drinkwater Boulevard, both key collector roads in Old Town. The Property is located across the street from HonorHealth Scottsdale Osborn Medical Center, a 303-bed full service, Magnet designated hospital. Also nearby is Fashion Square, a distinctive address for luxury shopping, boutique hotels and restaurants.

For more information, or if we can help with your healthcare real estate holdings, please contact us.