Lee & Associates Negotiates $3.4 Million Gilbert Medical Office Investment Sale

MESA, Ariz. - April 16, 2014 - PRLog -- Greenfield Medical Dental Center, Phase II at 875 N. Greenfield Rd. in Gilbert, recently sold for $3.4 million or $119.34 per square foot. The 28,489 SF, value-add medical building was lender-owned.

Jan Fincham and Patrick Dempsey, principals with Lee & Associates Arizona represented Trident Pacific Real Estate Group, as court-appointed receiver. Roy Grinnell of Benchmark Realty negotiated on behalf of the buyer, Holworthy Property, LLC of Paradise Valley, AZ.

"Our team was pleased to have worked with Trident Pacific in the disposition of this asset. This created an opportunity for the buyer to purchase a value-add medical facility with strong income potential," commented Fincham.

Built in 2001, the 3-building property is situated on 3.11 acres and features abundant parking (6.5 per 1,000 parking ratio), a radiology and an ambulatory surgical center in a high-value, Gilbert location. It is also close to U.S. 60 and other area amenities.

For more information:

Jan Fincham, Principal
602.954.3754, jfincham@leearizona.com

Patrick Dempsey, Principal
602.954.3772, pdempsey@leearizona.com

About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of the 49 nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.