Newmark Completes Sale of Medical Office Building in Tempe

Newmark announces the nearly $2.3 million sale of 2000 Medical Plaza located at 2000 E Southern Avenue in Tempe, Arizona. Newmark’s Managing Director Kathleen Morgan and Trisha Talbot represented the seller, Garnett Capital Corporation, a private equity investment firm that acquires and develops real estate in Canada and the southwestern United States, in the transaction to Boomerang 2000, LLC , the buyer.

2000 E. Southern Avenue is a 13,450 square foot, one-story garden-style multi-tenant medical office building currently 100% occupied. The tenant mix consists of a surgery center, laboratory and counseling. The property is conveniently located between two major East Valley hospital campuses: Tempe St. Luke’s Hospital and Banner Health Desert Medical Center. Strong demographics for new patient acquisition in the surrounding area and located just minutes from Sky Harbor International Airport, with excellent freeway access; immediately North of the Superstition Freeway (US-60) and just West of the Loop 101.

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