Peoria-based Wakeman Integrity LLC, a woman-owned commercial real estate brokerage firm, closed a pair of office complex sales totaling $3.53 million, representing the buyer in one deal and representing the seller in the second deal.
President/designated broker Melynn Wakeman represented the buyer, 6155 E. Indian School LLC of Scottsdale, in the $2.6 million acquisition of Arcadia Green, a garden office complex at 6155 E. Indian School Road, in Scottsdale.
Wakeman represented the seller, Sunny Internal Medicine and Pediatrics PLLC of Avondale, in the $925,000 disposition of Coronado Professional Plaza, a medical office condominium at 3400 N. Dysart Road, Suite B127, in Avondale.
“Given how robust the market is today, we were thrilled for the opportunity to acquire the much sought-after Arcadia Green property for our well-deserved client, in his first commercial transaction,” Wakeman said.
“The medical office sale in Avondale was one of the only medical offices available in the market, resulting in multiple offers near the $300-per-square-foot price range, which allowed our clients, a husband-and-wife physician team, to take a portion of the funds to pay off their medical school loan debt. A true win, win for all.”
Arcadia Greens totals 10,800 square feet with more than 200 feet of frontage on Indian School Road. It features low-water desert landscaping and solar panels. The building was designed to take advantage of the views of Camelback Mountain from the second floor. Wakeman Integrity holds the lease listing for the building. The owner plans on occupying 1,000 square feet in the asset.
Coronado Professional Plaza totals 3,127 square feet of medical office space in the West Valley. The medical office condo offers 10 exam rooms, a procedure room, two ADA restrooms, a lab, two separate waiting areas for sick and well patients and one private office. It is located within 5 miles of Abrazo West Valley Medical Campus Level 1 Trauma Center in Goodyear.
In the Scottsdale deal, Adam Tolson with Lee & Associates Arizona represented the seller, BHG Commercial LLC of Scottsdale. In the Avondale deal, Rich Andrus with Menlo Group Commercial Real Estate represented the buyer, SWGI Land Holdings LLC of Avondale.