Stockdale Capital Partners announced that it secured $25 million in financing to acquire an outpatient medical-building portfolio totaling 80,315 square feet for $32 million. The portfolio consists of three Banner Health Centers located in the high-growth East Valley of Phoenix in Mesa, Gilbert and Queen Creek, Ariz.
JLL represented the seller, Banner Health, and procured the buyer. JLL also represented the buyer and borrower in obtaining acquisition financing.
The portfolio is 100 percent occupied by Banner Health, one of the largest nonprofit health systems in the country to administer outpatient care. The properties were constructed in 2013 and 2014 to meet the high growth in demand for healthcare services in the East Valley. Banner Health Centers are Banner’s preferred consolidated outpatient-delivery platform for primary care, select specialties and services such as lab, imaging and pharmacy under one roof.
