JLL Capital Markets announced today that it has completed the sale of Pima I and II, a Class A multi-tenant medical outpatient building and an adjacent sister building with potential to lease to medical and professional tenants in Scottsdale, Arizona.
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JLL represented the seller and procured the two separate buyers. Cypress West Partners purchased Pima I and a private investor purchased Pima II.
Pima I and II are located on 14.6 acres at 8415 N Pima Rd. and 8465 N. Pima Rd. with exceptional accessibility to the 101 Freeway in a high-growth corridor of Scottsdale. The immediate area is home to high-end retail, hotels, office, gaming and affluent residential communities. Additionally, both properties are proximate to HonorHealth’s 427-bed Scottsdale Shea Medical Center and Banner Health’s 300-bed Scottsdale Medical Center campus set to open in 2027.
Pima I is a two-story, 91,212-square-foot medical building that is 92% leased to high profile national, regional and local medical users, providing a range of specialties, including ambulatory surgery.
Pima II is a vacant, two-story medical and/or professional building totaling 89,983 square feet. The property was formerly the headquarters of Rural Metro Fire.
JLL’s Medical Properties Group in collaboration with the local office has arranged the transaction.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
