$2.4 million acquisition near the Loop 101 gives the practice a North Central Phoenix location and the flexibility to serve additional patients
PHOENIX, Ariz. — September 8, 2026 — Academic Urology and Urogynecology of Arizona, PC (AUUA) has completed the purchase of a 7,593-square-foot medical office building at 20045 N. 19th Avenue in Phoenix from Seth Properties, LLC. The transaction, valued at $2,400,000 — approximately $316 per square foot — closed on September 3, 2026.
Situated just off the Loop 101 near 19th Avenue, the property sits in one of the Valley’s most accessible medical corridors, placing the practice within easy reach of patients from the West Valley, North Phoenix, and beyond.
“My practice enjoyed this location for several years,” said Nikesh Seth, M.D. of Seth Properties, LLC. “The urology group will be able to serve its patients from a wide area with this location just off the 101 on 19th Avenue.”
Ownership as a Long-Term Investment in Patient Care
The purchase reflects a decision increasingly common among established specialty medical groups: trading a leased suite for outright ownership of the real estate where they practice. For AUUA, that shift carries benefits that extend well beyond the balance sheet.
Owning its own building gives the practice full control over how its clinical space is designed and used. Rather than working within the limits of a landlord-approved buildout, AUUA can configure exam rooms, procedure suites, and diagnostic equipment specifically around the workflow of urology and urogynecology care — improving efficiency for staff and the experience of patients moving through a visit.
Ownership also offers a measure of financial certainty that leasing cannot. Lease rates are subject to periodic increases and renewal negotiations that are difficult to predict years in advance; a fixed mortgage payment gives the practice a stable, forecastable occupancy cost over time. Rather than paying rent that builds a landlord’s equity, AUUA now builds equity of its own in a tangible, appreciating asset with every payment.
For patients, the benefits of a physician-owned building are just as significant. Many patients — particularly those managing chronic urologic or pelvic floor conditions — see the same practice over years of monitoring and treatment. A permanent, owned location removes the uncertainty of a lease expiration or a landlord’s competing plans for the property, so patients can count on the same convenient location for the long term. The site’s proximity to the Loop 101 also means AUUA can continue serving a wide geographic footprint from one easy-to-reach facility rather than directing patients to multiple satellite offices.
About Academic Urology and Urogynecology of Arizona, PC
Founded in 2008, Academic Urology and Urogynecology of Arizona (AUUA) is a physician-led, multispecialty practice serving patients throughout the Greater Phoenix area from locations across the Valley. AUUA’s team of urologists, urogynecologists, and advanced practice providers offers advanced, minimally invasive, and robotic-assisted treatment for a wide range of conditions, including prostate and kidney cancer, kidney stones, BPH, pelvic organ prolapse, urinary incontinence, and pelvic floor dysfunction.
About Seth Properties, LLC
Seth Properties is a private investment company.
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