Medical Office

Pecos Professional Plaza in Phoenix is Sold for $12.175M

Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the investment sale of the Pecos Professional Plaza, a ±38,856 square foot, medical multi-tenant property on a 5.32-acre site. Located at 16611 S 40th Street, the property has frontage on 40th Street, which feeds directly to Loop 202 and I-10 Freeways.

Ken Elmer, Senior Vice President, Ron Schooler, Senior Vice President, and Scott Nelson, Vice President with Commercial Properties, Inc., represented the seller, Pecos Professional Plaza LLC in the successful sale of this medical office investment.

“The property has nine tenants, and at the time of the sale was 96.4% occupied.  This beautiful income-producing, multi-tenant medical office property is situated in Southeast Metro Phoenix, just off the Loop 202 and N. 40th Street in the Ahwatukee Foothills,” said Ken Elmer.

The buyer, ArroyoBel PPP Operating LLC, purchased the campus for $12,175,000 / $313.33 per square foot.

For additional information, please contact Ken Elmer, Ron Schooler, and Scott Nelson at kelmer@cpiaz.com and 480.522.2778 or rschooler@cpiaz.com and 480.522.2770 or snelson@cpiaz.com and 480.522.2790.