CBRE announced it arranged the $26.2 million purchase of two medical office assets in Phoenix, Arizona, and San Rafael, California. SSP Investments acquired 8921 W. Thomas Road in Phoenix, Arizona, for $17 million. The 42,067‑square‑foot medical office building is 100% leased to SimonMed Imaging, the nation’s largest outpatient physician radiology group. In addition, the firm acquired 111 Smith Ranch Road in San Rafael, California, for $9.2 million. The 27,200‑square‑foot medical building is fully leased to Kaiser Permanente.
Read the full article: SSP Investments Completes $26.2M Medical Office Acquisitions through 1031 Exchange //
Source: https://www.cbre.com/press-releases/ssp-investments-completes-26-2-million-medical-office-acquisitions-through-1031-exchange