Physician-Owned Medical Office Building Under Construction Near Chandler Regional Medical Center

Construction is underway on a new state of the art medical office building, located at 77 South Dobson Road in Chandler, Arizona.

Dobson  Boston - Proposed MOB Rendering

Construction began on the 17,500 square foot, one-story building in June 2014 and is set to complete by the end of December. Once finished the new building’s owner, Premier Cardiovascular, will occupy 8,800 square feet of the building and the remaining 8,700 square feet will be available for lease.

Dobson Boston Photo construction1 re

The new medical office building is located in a prime location near Chandler Regional Medical Center with excellent visibility on Dobson Road. Ensemble Real Estate Solutions is representing the owner on leasing up the additional 8,700 square feet.

“The medical office market in this area has experienced significant absorption and a decrease in the overall vacancy rate over the last two years.” Said Autumn Storm, Senior Associate with Ensemble Real Estate Solutions. “With the continued consolidation of healthcare services, large contiguous spaces are the coveted footprint for large healthcare practices. This new building presents a great opportunity to lock in rates and a large contiguous customizable space in this market.”

1 Comment

  1. Sarah, this is exactly the trend I started seeing 5-6 years ago. Physician-Owned medical office buildings offer a great level of security of established groups and practices in comparison to traditional leasing of medical office space. I’ve actually sold a two of these types of multi-tenant medical office buildings (physician owned) in the past few years. The cap rates are near 6% most recently.

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