Maricopa’s Edison Place sells for $531 per square foot
AZRE
via AZRE
Newmark Knight Frank announces the sale of Edison Place located at 44555 Edison Road, in Maricopa. The 8,958-square-foot, 100% occupied healthcare and retail mixed-use real estate investment sold for $4,500,000 by Signal Healthcare, LLC.
NKF’s Managing Directors Trisha Talbot, Kathleen Morgan and Tim Westfall and Associate Director Ryan Moroney represented Arizona-based Signal Healthcare, LLC in the sale of Edison Place. The single-story, NNN, retail PAD built in 2019 is fully leased by two healthcare tenants, SimonMed Imaging (SMI), one of the largest outpatient medical imaging providers and largest physician radiology practices in the U.S., and Heartland Dental, one of the leading dental support organizations in the United States. The building has remaining lease terms of 10 years with NNN lease structures and fixed annual rent increases.
“NKF has been heavily involved throughout the full cycle of this project, from initial lease up, to site development, and ultimately the disposition of the asset,” noted Westfall. “This has been a dynamic opportunity to provide Signal Healthcare valued expertise from start to finish.”
