DTZ, a global leader in commercial real estate services, announced today the $4.25 million sale of Harbor Shores Medical Center I, a multi-tenant medical office building located at 3921 E. Baseline Road in Gilbert, AZ. The buyer was Jabbel Holdings, LLC (Peter Coury and Mike Gustafson) of Garden Grove, CA.
Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover of DTZ’s Phoenix office represented the sellers, LNR Property, LLC.
Built in 1993, Harbor Shores Medical Center I is a ±46,286 square foot, two-story building that serves the Southeast Valley. The building is within two miles of Banner Gateway Medical Center and the MD Anderson Cancer Center Campus, just south of the U.S. Highway 60 with direct access at Baseline Road. The project was 65% occupied at the time of sale.