Gilbert MOB Trades Upwards of $400PSF

Private equity firm Hammes Partners has acquired Spectrum Medical Commons in Gilbert, Arizona, for $17.6 million from an unnamed developer. The sales price equates to $409 per square foot.

Located at 3367 S. Mercy Road, Spectrum Medical Commons is a 43,355-square-foot class-A medical office space situated adjacent to Mercy Gilbert Medical Center. It includes a modern surgery center and great accessibility with access to a full interchange at Val Vista Drive and the Loop 202 freeway.

JLL EVP Brian Ackerman facilitated the transaction.