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Scottsdale MOB is trading for million
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Scottsdale MOB is trading for $11 million

Newmark has arranged the sale of 90 Mountain View I, a three-story, 91,082-square-foot Class A office and medical office project located at 9977 North 90th Street in Scottsdale. The asset sold for $11 million.

Newmark CEOs Barry Gabel, Chris Marchildon and CJ Osbrink represented the seller, Regent Properties.

Gabel said: “We continue to see strong demand for high-quality, well-located office and medical office properties.”

Located in the Scottsdale Cure Corridor, 90 Mountain View I is within walking distance of the 427-bed HonorHealth Scottsdale Shea Medical Center. At the time of sale, the property was 86% leased.

Built in 2000 and situated on a 3.32-acre site, the property offers abundant parking, with 4.33 spaces per 1,000 square feet in underground, surface and adjacent parking structures.

Regent says it is a vertically integrated investment manager of premier communities in the Sunbelt.

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