COTTONWOOD, AZ-In an off-market transaction, Cottonwood Medical Group LLC, an investment group from Solano Beach, CA, has paid $4.5 million for Cottonwood Medical Center.

The seller was Mingus Avenue Acquisitions LLC of Carefree, which had owned the building a little over one year, says Netty Wisbaum, associate broker with Phoenix-based Cuellar Realty Services Inc. Will Jones and Dave Rousseau with the Solano Beach, CA-based WJ Commercial represented the buyer.

Located on 1.4 acres at 651 Mingus Ave. near the Verde Valley Medical Center, the 19,946-sf, two-story building is 88% occupied with credit tenants that have long-term leases. “The buyer liked the national tenant base in the building,” says Wisbaum, the seller’s broker, tells Cottonwood Medical Center’s biggest tenant is Addison, TX-based United Surgical Partners International. The Nasdaq-traded company leases roughly 7,800 sf in the three-year-old, class A building. Los Padres Bank of Scottsdale provided financing for the acquisition.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.