JUST SOLD
CUSHMAN & WAKEFIELD
A CUSHMAN & WAKEFIELD ARIZONA PRIVATE+INSTITUTIONAL ADVISORS TRANSACTION
PROPERTY TYPE: MEDICAL
PRICE: $224 PSF
CAP RATE: 6.67%
LEASED: 80%
Another closing in the books before the end of 2025 with the sale of Paradiso, a two-story multi-tenant medical office building in Scottsdale for $224/SF. The medical building was 80% occupied at the time of sale, providing a solid base of stability with ample upside potential in leasing the remaining vacant suites—which garnered strong tenant demand leading up the sale. Paradiso’s spectacular location provides coveted access to prestigious Paradise Valley, Gainey Ranch, McCormick Ranch and Scottsdale Ranch, making it a formidable competitor for tenants seeking to access residents of these vast and upscale residential areas.
Special thanks to Mark IV Capital for their trust in our team and to Albany Road Real Estate Partners for a smooth closing.
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