Colliers International in Greater Phoenix recently completed a sale/leaseback transaction for Arrowhead Health Centers’ location in Surprise for $1.9 million, or $309 per square foot.
A buyer from Brooklyn, New York, purchased the property, 17061 N. Avenue of the Arts, suite 100, from Scottsdale Office Properties (formed by Arrowhead Health Centers).
Marc Bonilla, vice president of Colliers International’s Scottsdale office, served as the broker for the seller. Bonilla has sold every Arrowhead Health Centers clinic, transacting over $50 million during the last 10+ years.
Bonilla specializes in the sale of income-producing assets. He has extensive experience in the specialized niche of net lease investment programs including sale-leasebacks and triple net leased investment properties.
Marcus & Millichap represented the buyer. The building was constructed in 2008.
Arrowhead Health Centers provides the ultimate healthcare experience in the community. Their multi-specialty team of family physicians, physical therapists, pain management physicians, chiropractors, and massage therapists are all under one roof with seven Valley locations.
“Driving this disposition was another successful collaborative approach which has developed over a decade of working with Arrowhead Health Centers and its partners. I view Arrowhead Health Centers’ principals and partners as my teammates,” Bonilla said. “A synergistic approach has effectively launched and executed a sale/leaseback program that has created value for patients and customers. Arrowhead Health Centers can now save companies significant money on their healthcare costs.”
“Arrowhead Health Centers is the best-in-class healthcare provider. They are fully committed to the patient experience and revolutionizing the typical healthcare model,” he said. “The positive benefits of Arrowhead Health Centers’ success have helped local companies navigate through the ever changing healthcare industry, saving companies significant healthcare costs.”
“We will be expanding Arrowhead Health Centers’ reach into North Scottsdale and downtown Phoenix,” he said.