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**Albany Road Acquires Scottsdale Medical Office Building for $13.3M**
Albany Road Real Estate Partners has acquired Paradiso, a 59,400-square-foot medical office property located at 11000 N. Scottsdale Road in Scottsdale, Arizona. The property was purchased for $13.3 million from Mark IV Capital Properties.
Paradiso offers a distinctive design featuring a spacious central courtyard adorned with decorative fountains and seating areas. The building includes private entrances and balconies, covered breezeways, patios connected to several ground floor suites, and full-length storefront windows.
The property is currently 86% leased to a strong tenant roster of medical professionals, with an average suite size of approximately 2,100 square feet, according to marketing materials provided by Cushman & Wakefield.
Cushman & Wakefield’s Eric Wichterman, Alexandra Loye, Chris Toci, and Mike Coover represented the seller, Mark IV Capital Properties, in the transaction.
Paradiso is strategically located near the intersection of Shea Boulevard and Scottsdale Road, one of the area’s most prominent and highly trafficked corridors known for its abundance of upscale retail, dining, and entertainment options.
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