A partnership between Oregon-based Sante Partners and PDC Capital Group of California purchased the 130,447 square foot Palo Verde Cancer Center medical office plaza on Monday for $8.89 million or $68 per square foot. The current sale was funded by a total of $6.1 million in debt, divided into two notes with Inca Capital and seller Select Healthcare Solutions as beneficiaries. Select Healthcare had previously purchased this asset in June of 2014 for $9.1 million.
The Palo Verde Cancer Center is located near the northwest corner of 91st and Glendale Avenues and consists of two buildings of one and three stories built in 2008. The property also includes underground parking of 186 spaces, as well as 465 surface spaces.
For more information on this property including complete history and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!