Daum Commercial Real Estate Services has negotiated the $5.362 million sale-leaseback of a large medical practice group of west valley properties – the 19,679-square-foot medical office complex, Fountains Medical Center located at 5620 W. Thunderbird Road in Glendale, and the 5,262-square-foot medical office center, Indian School Professional Plaza at 9150 W. Indian School Road in Phoenix.
Daum Phoenix Executive Vice President, David Wilson represented the buyer in the transaction, AKJS Properties, LLC (Mark Pignotti) of Chicago.
The seller was Thunderbird Real Estate Investors LLP of Phoenix, represented by Vince Femiano and Andrew Fosberg of CBRE.
In a related transaction, Wilson represented both the buyer and seller in a $1.6 million, 5,200-square-foot leased office building sale located at 33765 N. Scottsdale Road in Scottsdale. The buyer was Creekwater LLC (Richard Cookson) of Phoenix. The seller was SJKA Properties, LLC (Mark Pignotti). The Scottsdale office building is leased to Coldwell Banker Residential Real Estate.