Construction is underway on a new state of the art medical office building, located at 77 S. Dobson Rd. in Chandler, Ariz.
Construction began on the 17,500 SF, one-story building in June 2014 and is set to complete by the end of December. Once finished the new building’s owner, Premier Cardiovascular, will occupy 8,800 SF of the building and the remaining 8,700 SF will be available for lease.
The new medical office building is located in a prime location near Chandler Regional Medical Center with excellent visibility on Dobson Road. Ensemble Real Estate Solutions is representing the owner on leasing the additional 8,700 SF.
“The medical office market in this area has experienced significant absorption and a decrease in the overall vacancy rate over the last two years,” said Autumn Storm, senior associate with Ensemble Real Estate Solutions. “With the continued consolidation of healthcare services, large contiguous spaces are the coveted footprint for large healthcare practices. This new building presents a great opportunity to lock in rates and a large contiguous space in this market.”