$23,600,000

Fairfield Advisors was the exclusive Advisor on behalf of the owners of the OrthoArizona Medical Office Building located  at 1675 E. Melrose Place in Gilbert, AZ. (Phoenix-area). OrthoArizona chose Fairfield Advisors to market for sale the real estate of their Medical Office Building and Surgery Center. Fairfield Advisors worked directly with the lead physicians of  OrthoArizona and their advisors on the transaction.  

At the time of the assignment the Medical Building was 100% leased. The building tenants included OrthoArizona as well  as a high-volume Surgery Center performing total joint replacements. The Surgery Center is operated by a Joint Venture  between the orthopedic physicians and United Surgical Partners (USPI). Fairfield worked with OrthoArizona to amend  their leases so there were new NNN leases that commenced at the closing of the sale transaction. 

Fairfield Advisors managed a highly focused, competitive bid process in order to maximize the proceeds for the seller. Based on the goals of the seller, the acquisition opportunity was delivered to only highly-vetted potential buyers that were truly understood the operations of Orthopedic practice and ensured that right landlord was going to be put in place for the long term. This enabled the process to be managed efficiently enabling Fairfield Advisors to successfully  complete the transaction and more than achieve the sellers stated goals.