CBRE’s Investment Properties — Private Capital Partners is pleased to have facilitated the $12.8 million sale of a three-building medical office portfolio totaling 98,477 SF in the Phoenix Metro area.
The portfolio consists of the following properties:
- 5891 W. Eugie Ave. in Glendale, a 35,845-square-foot, two-story medical office building
- 2302 N. 75th Ave. in Phoenix, a 44,000-square-foot, two-story medical office building
- 1717 W. Chandler Blvd. in Chandler, an 18,632-square-foot, single-story medical office building
Geoffrey Turbow and Emily Minnier of CBRE’s Private Capital Partners, along with Brian Butler and W. Glenn Dyke, also of CBRE, represented the seller, a national healthcare company, across the three transactions.
MCR Companies, a real estate and private equity investment company completing a 1031 exchange, acquired the properties in Glendale and Chandler. Empower College Prep purchased the asset in Phoenix with the intention of occupying the premises.
“This portfolio presented a rare opportunity to acquire institutionally improved medical office assets across three of Phoenix’s most established health care corridors,” said Geoffrey Turbow, senior vice president with CBRE. “The level of buyer interest generated, from medical investors to owner-users, validated both the quality of these assets and the strength of the Greater Phoenix market. We’re proud to have delivered a seamless, full-portfolio outcome for our client.”
Built with a market-leading database and led by an integrated team of experts across 14 Western U.S. markets, our team provides investors with an unrivaled advantage. Each of our clients has access to a best-in-class marketing platform, local market expertise in any U.S. market, and a dedicated team of financial analysis, due diligence and transaction professionals at their discretion.
In 2025, our team sold 127 properties totaling $1.5 billion. We continue to observe strong investment activities despite macro-economic challenges. Several of our recent transactions were conducted within a competitive bidding environment, resulting in strong investor interest from different channels. If you would like us to advise you on your next transaction, please give us a call.
CBRE Private Capital Partners, based throughout the Western United States, is a decade-long partnership of professionals who specialize in office and industrial investment properties. We assist our clients in the acquisition and disposition of commercial real estate throughout the United States. With a network of close to 50 professionals sitting in 14 leading markets, our ability to discover opportunities is unmatched in the business. We know more because we do more.|
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