Daum Commercial Real Estate Services has negotiated the $5.362 million sale-leaseback of a large medical practice group of west valley properties – the 19,679-square-foot medical office complex, Fountains Medical Center located at 5620 W. Thunderbird Road in Glendale and the 5,262-square-foot medical office center, Indian School Professional Plaza at 9150 W. Indian School Road in Phoenix.
Daum Phoenix Executive Vice President, David Wilson represented the buyer in the transaction, AKJS Properties, LLC (Mark Pignotti) of Chicago.
The seller was Thunderbird Real Estate Investors LLP of Phoenix, represented by Vince Femiano and Andrew Fosberg of CBRE.
In a related transaction, Wilson represented both the buyer and seller in a $1.6 million, 5,200-square-foot leased office building sale located at 33765 N. Scottsdale Road in Scottsdale. The buyer was Creekwater LLC (Richard Cookson) of Phoenix. The seller was SJKA Properties, LLC (Mark Pignotti). The Scottsdale office building is leased to Coldwell Banker Residential Real Estate.
Daum Commercial Real Estate Services specializes in industrial and office properties throughout metro Phoenix. Daum Phoenix has successfully sold and leased millions of square feet in industrial and office buildings, and land. Headquartered in Los Angeles, Daum is California’s oldest and most experienced commercial real estate brokerage company. Daum Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation oversees the ONCOR International member network. More information is available at www.oncorintl.com.