Equus Capital Partners has sold a two-property office portfolio totaling 223,249 square feet in the northern part of Scottsdale, Ariz. The sales price was $46.2 million. The buyer of the portfolio was not disclosed.
Both buildings are adjacent to the HonorHealth Scottsdale Shea Medical Center, a 433-bed, full-service acute care hospital, which is the eighth-largest employer in the state.
Scottsdale Gateway I sold for $27 million and is anchored by HonorHealth (Moody’s: A2) and SimonMed Imaging. The medical office building offers 107,049 rentable square feet and is currently 96 percent occupied. A large parcel and ample parking offer a future development opportunity on the site.
92 Mountain View was purchased for $19.2 million by Exeter Property Group. The 116,200-square-foot asset is 89 percent leased to CVS Health (S&P: BBB) and shares fiber connectivity with the main CVS Caremark campus, which is proximate to the property.
Located in the premier
