DTZ, a global leader in commercial real estate services, announced today that American Realty Capital Healthcare Trust II, Inc., a New York-based REIT, purchased Plaza Medical & Research Center Phase II for $5.35 million. The seller was Plaza Medical Research Center Phase II, LLC (dba Plaza Companies, Sharon Harper, President). Located at 13090 N 94th Drive in Peoria, AZ, the ±33,700 square foot medical office building is located on the Plaza Del Rio Campus, Arizona’s largest non-hospital medical-related business campus.
DTZ Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover represented the seller in the investment sales transaction.
“This property is surrounded by a diverse and growing population of young professionals, decision-makers and retirees,” said Mr. Wichterman. “As the medical office market continues to recover, buyers are actively looking for properties in these prime locations that support the broad spectrum of medical specialists and ancillary medical users that will fuel demand for medical office space.”
Built in 2002, the two-story, multi-tenant Plaza Medical & Research Center Phase II was 97% occupied at the time of sale.