Woodside Health buys Phoenix MOB

Cushman & Wakefield represented the seller in the $20 million transaction.

Optium Center. Image courtesy of Cushman & Wakefield

Woodside Health Development acquired Optum Center, an 81,907 square foot medical office building in Phoenix for $20 million. Cushman and Wakefield represented the seller, Talia Jevan Properties Inc., in the transaction.

Completed in 2008, the property spans 2 acres and includes a five-story building with 18,000 square foot floor plates and a two-story lobby with an expansive glass curtain wall, ribbon windows and a external EFIS. The building also includes a five-and-a-half-storey parking garage with 425 parking spaces.

Optum Center was 94% leased at the time of the transaction with UnitedHealthcare as anchor tenant. SimonMed and Sonora Quest Laboratories also lease space in the building, according to CommercialEdge.

Located at 20414 N. 27th Ave., the doctor’s office is less than half a mile from Arizona State Route 101 and less than a mile from Interstate 17. Many shopping areas including Deer Valley Towne Center and Target, are within walking distance of the property. . The HonorHealth Deer Valley Medical Center is also less than a mile from the building.

The Cushman & Wakefield team representing Talia Jevan Properties was led by Executive Managing Directors Eric Wichterman and Alexandra Loye, Managing Director Mike Coover and Executive Director Steve Lindley.

Woodside Health Development’s portfolio currently includes 43 properties across seven markets. Last year, the company paid $18.2 million for Arrowhead Executive Center, a 98,958 square foot professional and medical office building in Glendale, Arizona.

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