Inland Real Estate Acquisitions has purchased the Banner Health Medical Office Building, located in Phoenix.
The newly built, state-of-the-art property includes 29,350 square feet of class A medical office space with 30 exam rooms. It is 100 percent leased to Banner Health, a private employer in Arizona. The new Banner Health location provides medical care to approximately 204,540 residents within a five-mile radius.
The transaction marks Inland’s third acquisition in Arizona this year.