Phoenix, AZ (April 8, 2014) – Ensemble has negotiated the $2.4 million sale of Camino Del Sol Dental Plaza, an 8,395 square-foot medical office building located at 13802 W Camino Del Sol in Sun City West, Ariz.
Tracy Altemus, Marina Hammersmith and Autumn Storm of Ensemble’s Phoenix office represented the seller in the transaction. The seller was Camino Del Sol One, LLC. The buyer was Geiger Boulevard Spokane, LLC.
“We see this transaction as an example of a continued interest in medical office properties”, said Tracy Altemus, Sr. Vice President of Ensemble. “Savvy investors recognize this market is beginning to strengthen due to several conditions such as new healthcare laws and an aging population – both contributing to a demand for medical office space. “
Built in 2000, Camino Del Sol Plaza is located in the heart of Sun City West’s commercial core and is close to the Del Webb Hospital. At the time of sale the building was occupied by four well established dental practices including general dentistry, prosthodontics, periodontics and endodontics. The building was 100% percent leased at the time of sale.