TUCSON, ARIZ. (July 16, 2020) – NAI Horizon represented the seller in the $11.55 million sale of a two-story, fully occupied medical building at 535 N. Wilmot Road, in Tucson.
Justin Lanne and Andrew Sternberg with NAI Horizon’s Tucson office represented the seller, 535 Wilmot Investors, an affiliate of The Schomac Group. The buyer, AP MP, LLC, an affiliate of MBRE Health Care, closed escrow on the investment property on July 7.
The asset is a 40,936 SF medical building which is wholly occupied and leased to Banner Health, Inc. Banner Health has been a long-term tenant and just renewed its lease for another 10 years. Banner’s Diamond Children’s Multispecialty Service Clinic and Whole Health Clinic occupy each floor of the building.
“I sold the empty building to an affiliate of the seller in December of 2002,” Lanne said. “The asset was held by a lending institution at that time. The previous tenant was Cigna Health Care.”
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.