ANTHEM, AZ-A Norman, OK-based investor has purchased Anthem Corporate Center for $3.5 million in an all-cash transaction. The buyer, WAW Property LLC, acquire the 63,449-square foot, class A office building out of foreclosure from the lender, Wells Fargo Bank.

Developed by Newport Beach, CA-based Voit Real Estate Services in 2008, Anthem Corporate Center is located within the Anthem master planned community about 20 miles north of downtown Phoenix. The two-story office building, which is situated on nearly 5.3 acres at 3719 West Anthem Dr., is vacant and in shell condition with the exception of the lobby, restrooms and hallways, which were completed.

Prior to Wells Fargo’s foreclosure action in October 2009, Vanguard Health Systems had the building in escrow, but changed its strategy and chose not to acquire the property, according to Eric Wichterman, an executive vice president with Cassidy Turley BRE Commercial’s Phoenix office. He represented the seller in the transaction, along with Michael Coover, Jeff Wentworth, Blake Hastings and Patrick Sinott with Cassidy Turley BRE Commercial. Ken Elmer with Commercial Properties Inc. represented the buyer.