Log in

DEVELOPMENT

Cushman & Wakefield announces sale of Scottsdale sports medicine facility

SCOTTSDALE — Cushman & Wakefield announced this week the firm has brokered the sale/leaseback of Victorium, a 30,038-square-foot integrated sports and sports medicine facility in Scottsdale.

The property was acquired for $8.9 million by North Scottsdale Sports Complex Holdings, LLC, an El Dorado Hills (Sacramento), CA-based investor.The seller was Victorium, which agreed to lease back its existing 30,038 square feet of space within the building.

Cushman & Wakefield’s Chris Hollenbeck, Tracy Cartledge, Bob Buckley and Shane Carter represented the seller in the sale transaction. The team also handled the leaseback.

You must be a member to read this story.

Join our family of readers starting at $5 for your first month and support local, unbiased journalism.


Already have an account? Log in to continue.

Otherwise, follow the link below to join.

Please log in to continue

Log in
I am anchor
DEVELOPMENT

Cushman & Wakefield announces sale of Scottsdale sports medicine facility

Posted

SCOTTSDALE — Cushman & Wakefield announced this week the firm has brokered the sale/leaseback of Victorium, a 30,038-square-foot integrated sports and sports medicine facility in Scottsdale.

The property was acquired for $8.9 million by North Scottsdale Sports Complex Holdings, LLC, an El Dorado Hills (Sacramento), CA-based investor.The seller was Victorium, which agreed to lease back its existing 30,038 square feet of space within the building.

Cushman & Wakefield’s Chris Hollenbeck, Tracy Cartledge, Bob Buckley and Shane Carter represented the seller in the sale transaction. The team also handled the leaseback.

“This offering provided an excellent opportunity for an investor looking to acquire a long-term income property in a prime location in a desirable Scottsdale area, with an exceptional business model,” said Hollenbeck. “Victorium is premier indoor facility and sports medicine clinic that is a perfect complement to a larger sports ecosystem in the immediate area.”

Victorium consists of a unique business integrating sports play, performance and training with sports medicine—both immediate care and rehabilitative physical therapy. As part of the property’s synergetic occupancy are an urgent care facility including sports medicine, a major orthopedic practice and a restaurant.

Adjacent to the property is the brand-new city-owned Bell Road Sports Complex, with 13 full-sized outdoor multi-use sports fields. The Ice Den, the NHL Arizona Coyotes practice facility, and WestWorld, a 386-acre equestrian and event facility, along with several golf courses are also located nearby.

Victorium is also within minutes of two different interchanges with Loop 101 and within five-minutes of Scottsdale Airport, the busiest single-runway general aviation airport in the U.S.

Victorium

Share with others


Have an opinion on this story? Click here to send a letter to our editors.

Comments

No comments on this item Please log in to comment by clicking here