GPE closes deal on Scottsdale medical office building

GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured the sale of a 5,274 SF one-story medical office building located at 7700 East Indian School Road in Scottsdale. The building sold for $975,000 ($185/SF).

Executive Vice President, Julie A. Johnson, CCIM, and Senior Vice President, Alexandra Loye worked on behalf of the seller, 7700 Medical, LLC.. Executive Vice President, Nicholas A. Pelusio, and Senior Vice President, Kevin Helland, worked on behalf of the buyer, Diamondback Commons II, LLC, whom intend to occupy the property for administrative use.

Asked why the buyer acquired the building, Kevin Helland stated: “The building was purchased to permit Diamondback Drugs, a locally-based, rapidly growing veterinary compounding pharmacy; to expand its footprint in the Old Town Scottsdale sub-market.”


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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.

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