Ensemble Real Estate Solutions recently negotiated the sale of 1848 E Thomas for $1.55 million or $127 per square foot.
Pulse Investments, LLC purchased the 12,189 square-foot medical office building located at 1848 E Thomas Road in Phoenix.
Tracy Altemus and Autumn Storm brokers with Ensemble’s Phoenix office represented the seller Thomas Medical Group, LLC. The buyer’s broker was Steve Beck with Cobe Real Estate.
The over 12,000 square foot property consisted of a two-story building with a basement and a separate free standing building. The property is located in a prime location on Thomas Road with immediate access to SR 51. It is also directly across from Phoenix Children’s Hospital and adjacent to Arizona Heart Institute.
“The location was ideal for the buyer’s plan to open a surgery center in the heart of the medical corridor on Thomas Road,” Altemus said.
Built in 1985, 1848 E Thomas is located in an ideal central Phoenix location with neighboring medical facilities. The vacant building’s previous use was as a radiology center.