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Medical Building's $13.5-Mil Sale Sets Year's Record

SCOTTSDALE, AZ-The 85,191-sf McDowell Mountain Medical Plaza has commanded top dollar, setting the record thus far this year for its product type. The Dasco Cos. has shelled out $13.5 million to seller, Scottsdale Medical Plaza LLC.

By D.J. Burrough | Updated on June 29, 2001

SCOTTSDALE, AZ-In the largest sale of its kind this year, a Florida-based investment company has paid $13.5 million for a medical office building in Scottsdale.

The Dasco Cos. LLC, a limited liability company based in Palm Beach Gardens, is the new owner of the McDowell Mountain Medical Plaza, an 85,191-sf structure at 93rd Street and Bell Road. The sale price equates to more than $158 per sf.

The growth in north Scottsdale has generated more interest in the property, Bob Young, a broker in the Phoenix office of CB Richard Ellis, tells GlobeSt.com. The medical office building is just east of Loop 101.

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