An entity tracing to IRA Capital acquired the Emergency Room at Arizona General Hospital property for $5.97 million June 30 from an entity tracing to Dignity Health/CommonSpirit Health, according to commercial real estate website vizzda.com.
The sale comes with up to $25 million in cross-collateralized debt with Siemens Financial Services. It is part of a portfolio sale spanning six medical office properties in Maricopa County and totaling $31.53 million.
IRA Capital specializes in health care real estate.
The property at 4760 E. Germann Road is a 7,095-square-foot medical office (emergency room). It is a single-tenant, single-story building built in 2016 on 1.6 acres zoned general commercial by Gilbert with aobut 58 parking spaces (including two ADA). It has a hard-corner location.
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