Overview
Newmark, as the exclusive advisor, is pleased to present The Phoenix Surgicenter (the "Property"). The site is home to the very first Ambulatory Surgery Center ("ASC") in all of the United States, which was originally developed in 1970, and subsecquently reconstructred in 1992. Located at the doorstep to Banner's flagship hospital campus, the 755-bed Banner University Medical Center, the Property consists of one 24,610 SF Ambulatory Surgery Center ("ASC") building, as well as two support medical office buildings of ±7,225 SF and 971 SF, respectively.
Positioned within an Opportunity Zone, and less than one mile from both the I-10 and State Route 51 Freeways, within the McDowell Road Miracle Mile, a historically significant stretch in Central Phoenix, the Property is surrounded by a thriving medical presence, the established Coronado Historic District, and a growing concentration of new multifamily development. In addition to the existing Ambulatory Surgery Center ("ASC") improvements, the Property is zoned Planned Unit Development (PUD), offering exceptional density and flexibility for additional development on the ±2.84-acre site.
Investment Highlights
Own Your Piece of Arizona & Medical History!
This premier, value-add, infill Phoenix medical property offers the rate opportunity to own not only a fully built-out Ambulatory Surgery Center ("ASC") ripe for modernization, but also the site of the very first Ambulatory Surgery Center.
With its long-term optionality given the PUD zoning overlay and strategic Opportunity Zone location adjacent to Banner University Medical Center, the Phoenix Surgicenter investment opportunities provide both near-term value-add upside and also long-term downside protection as a result of this high-density zoning.
