PHOENIX—Select Healthcare Solutions, LLC of California and Phoenix Cyberknife, and Radiation Oncology Center, LLC of Arizona has acquired Zanjero Falls, a 147,405 square foot office property, plus an additional 10 acres, at 7410 N. Zanjero Boulevard in Glendale for $9.1 million. The seller was RCFC Zanjero Falls, LLC of California.
Senior managing directors Steve Lindley, Bob Buckley and Tracy Cartledge, executive managing director Eric Wichterman and senior vice president Mike Coover, with Cassidy Turley's capital markets group, brokered the transaction on behalf of the seller. TJ Zaharis of COBE Real Estate represented the buyers.
“The sale of Zanjero Falls to Select Healthcare Solutions and Phoenix Cyberknife is an indication we are continuing to see improvement in the West Valley office market,” says Lindley.
Built in 2008 and never occupied, Zanjero Falls is a Class A office development that includes a single-story and a three-story office building, in shell condition. The property's Spanish Colonial architecture sets it apart and features Cantera stone and wrought iron throughout, including arches, towers, balconies and breezeways and a cupola. Additionally, the complex features resort-style landscaping with synthetic turf areas and a signature water feature and bridge at the main entrance.
In addition to the completed office space, the sale included 10 acres of developable land currently configured as eight fully improved lots for future development. The property is located in the heart of the Glendale Entertainment District, directly north of Westgate City Centre; Tanger Outlet Mall; University of Phoenix Stadium, home to the Arizona Cardinals; and Jobing.com Arena, home to Phoenix Coyotes.
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