$2.4M Arizona MOB sold to physician practice

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Phoenix, Ariz.-based Academic Urology and Urogynecology of Arizona has purchased a 7,593-square-foot medical office building in Phoenix for $2.4 million, according to a Sept. 8 news release.

The practice bought the building from Seth Properties in a deal valued at about $316 per square foot that closed Sept. 3. The purchase gives the group ownership of its clinical space rather than a leased suite.

Founded in 2008, Academic Urology and Urogynecology of Arizona is a physician-led, multispecialty practice offering minimally invasive and robotic-assisted treatment for conditions including prostate and kidney cancer, kidney stones, BPH, pelvic organ prolapse and urinary incontinence.

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