Chandler Medical Practice Sells Office Building to Investor

Atembis LLC Remains as Tenant After $768,000 Property Sale

 

Phoenix –  RMP Chandler, LLC, dba Atembis LLC as Renaissance Medical Group has sold its medical office building at 333 N. Dobson Rd. in Chandler for $768,000.  The medical practice will remain in the building as a tenant.

“This transaction is a good example of the strength we are seeing in East Valley medical office space,” says Philip Wurth, executive vice president with Colliers International in Greater Phoenix.  “Sale and lease activity remains robust in the area.  This buyer was attracted to the Chandler submarket and the stability of the tenant.”

California-based Tenuto Investments, LLC purchased the property as part of a 1031 Exchange to expand its portfolio of Arizona properties.  Wurth represented the seller in the transaction.  Barry Rosensteel from PRIN Investments Real Estate Group represented the buyer.

The property is a 2,904-square-foot medical office condo located near Chandler Regional Medical Center.  Built in 2007, the property also is located near Chandler Fashion Center and historic downtown Chandler.

Atembis LLC was established in 2003 by Dr. Andrew J. Carroll.  The practice provides comprehensive primary care to their patients by combining medical and counseling services.

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