CBRE Arranges Sale of Greenfield MOB & ASC in Phoenix MSA

CBRE facilitated the sale of Greenfield MOB & ASC, a 29,827 sq. ft. medical outpatient building (MOB) and ambulatory surgery center (ASC) located at 2450 East Guadalupe Rd. in Gilbert, Arizona, to Woodside Health.

Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Phil Wurth of CBRE’s Phoenix Healthcare Leasing team to act as the exclusive advisors to the seller.

The Greenfield MOB & ASC is a single-story, fully occupied, multi-tenanted facility strategically located in the Gilbert submarket of Phoenix. It is anchored by Mountain View Surgery Center Gilbert, a partnership between the physician owners and the leading ambulatory surgery center operator United Surgical Partners International (USPI), on a newly executed extension featuring three operating rooms. The highly active surgery center has an average monthly case volume between 300 to 325 cases. The remaining tenancy is leased to eight tenants offering diverse services such as podiatry, periodontics, mental and behavioral health, ophthalmology, dentistry, pediatric therapy, pharmaceutical, vascular and medical spa services creating an all-encompassing medical outpatient environment.

“This high-volume surgery and physician center is located in one of the top MSAs in the country for medical outpatient buildings,” said Reethof, a First Vice President with CBRE’s U.S. Healthcare Capital Markets practice. "Anchored by a leading ASC operator, Mountain View Surgery Center in partnership with USPI, creates a stable investment for Woodside Health.”

Originally constructed in 2005, the Greenfield MOB & ASC is located at the high-traffic crossroads of North Greenfield Road and East Guadalupe Road, seeing around 27,155 vehicles per day. The property is less than 1.5 miles to US 60, providing access to a population of 355,069 within a five mile radius of the property. The property boasts proximity to three acute care facilities within a seven mile radius: Banner Gateway Medical Center (286 Beds), Dignity Health Mercy Gilbert Medical Center (197 Beds) and Dignity Health Arizona General Hospital (50 Beds).

About Woodside Health
The purchaser, Woodside Health, is a Cleveland, Ohio- based private equity firm founded in 2010, specializing in investing in medical outpatient buildings. With over $1.5 billion in total transaction activity and 2.25 million square feet under management, they focus on acquiring healthcare real estate, including medical offices and surgical centers. For more information, please visit: www.woodsidehealth.com