Griffin-American Healthcare REIT IV Acquires Medical Office Building in Surprise, Ariz.
May 7, 2018 | Beth Glavosek | Blue Vault
Griffin-American Healthcare REIT IV has announced that, on April 27, 2018, it acquired the Surprise Medical Office Building (MOB) from Banyan Surprise Plaza LLC, an unaffiliated third party, for a contract purchase price of $11.65 million plus closing costs.
The Class A facility is part of a 756-acre master-planned community in the Northwest Valley of Phoenix. Constructed in 2012, the 34,000-square-foot property is 90% occupied by Banner Medical Group and the Center for Orthopedic Research and Education Inc.
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