Sun State Cardiology has purchased a medical office building at The Presidio in Chandler. The growing medical practice plans to expand its patient operations in its existing space and relocate administrative offices to the newly acquired building at 1100 S. Dobson Road, Suite 118.
“Physicians continue to show interest in the Chandler medical corridor,” says Phil Wurth, executive vice president of Colliers International in Greater Phoenix. “Medical groups want to take advantage of limited opportunities to own property in the corridor. The area is particularly attractive to physicians who work with Chandler Regional Medical Center, Mercy Gilbert Medical Center and Banner Desert Medical Center.”
Wurth represented the seller, SDBP III, LP, in the marketing and sale of the property. Samir Sawhney of XCD Realty & Property Management represented Inderworld, LLC, DBA Sun State Cardiology in the acquisition.
The 2,038-square-foot medical office property was sold for $394,258. The suite is part of The Presidio, a Class A professional and medical office building complex in Chandler, located adjacent to the Loop 202. The property is situated within a mile of the Loop 101 and Dignity Health Chandler Regional Medical Center. The project is currently 95 percent occupied and a second phase of development at the park is planned next year.
Sun State Cardiology currently operates from 2600 E. Southern Ave. in Tempe. The practice, which was formed in 1984, provides all cardiac related services. These include preventive, diagnostic, and interventional services in patients with all types of heart conditions.