PHOENIX-Barnet, Dulaney, Perkins Eye Center has purchased twomedical office buildings for $6.6 million with the help offinancing provided by locally-based office of Cohen Financial. Theproperties include a 14,506-square-foot office at 5250 E. SouthernAve. in Mesa, AZ and a 14,230 office at 9425 W. Bell Rd. in SunCity.

Brandon Harrington, VP with Cohen, originated the transactionson behalf of the borrower, an eye care provider. He tellsGlobeSt.com that the Mesa location was empty, and the Barnetborrowed about $1.7 million as part of the loan to build a newmedical facility with a surgery center. “At Sun City, theypurchased a building they had been leasing for more than 20 years,and they borrowed about $400,000 to make some updates,” Harringtonsays.

On the Mesa location, Cohen arranged a 6.25% fixed-rate bankloan with a 25-year amortization, and an SBA loan with a 5.50%interest rate closing with a 20-year amortization. At the Sun Cityproperty, Cohen secured a 6.40% fixed-rate bank loan with a 20-yearamortization, and an SBA loan with a 5.60% interest rate at closingwith a 20-year amortization.