Transwestern Funding Group has acquired Copper Level, a 93,262-square-foot medical outpatient facility in Gilbert, Ariz. The agency paid $36 million for the asset and financed the acquisition with a $24.9 million mortgage from First Residents Financial institution, based on Maricopa County information.
The earlier proprietor, RX Well being & Science Belief—previously often known as CA Ventures—purchased the asset in 2021 for $33 million. The agency will proceed to handle the property by means of the ultimate lease-up and stabilization course of.
Copper Level occupies an 8-acre website at 3350 S. Val Vista Drive. The medical facility was roughly 87 % leased on the time of sale, its roster together with tenants reminiscent of Metropolis of Hope, Phoenix Kids’s and Prosano Well being.
Accomplished in 2008, the two-story constructing has floorplates starting from 13,478 to twenty,071 sq. toes and two passenger elevators, based on CommercialEdge info. The property additionally contains a parking ratio of 5 areas per 1,000 sq. toes.
The asset is near Mercy Gilbert Medical Middle, close to the intersection of South Val Vista Drive and Freeway 202. Downtown Phoenix is a few 30 miles northwest.
