On January 15 Werner Treichler acquired a Gilbert, Arizona medical office building (MOB) for $1.15 million.
The 2,713-square-foot building is in Gilbert, Arizona, which is approximately 25 miles southeast of Phoenix . The price is $424 per square foot.
Werner Treichler purchased the building using a 1031 intermediary to defer 100% of capital gains taxes and will lease it back to the Arizona Eye Specialists practice for 10 years. DOCPROPERTIES brokered the sale, representing the seller, Gateway Arizona Eye Specialists LLC.
According to data captured in the LevinPro HC database, this acquisition represents the 15th MOB transaction of 2023. Compared to January 1, 2022, through January 15, 2022, when 17 MOB transactions were announced, the deal volume of 2023 seems to be at a steady pace.