A two-day auction for a modern medical office space in Glendale is scheduled to begin on April 16.
The Arrowhead Professional Medical Plaza is located at 16222 N. 59th Avenue and encompasses four buildings ranging in size from 5,000 to 20,000 square feet on a 4.3-acre site.
The overall dimension of the entire plaza is around 40,000 square feet.
Designated as a Class B structure, the two-story plaza was built in 2008 and includes a medical clinic, physical therapy, lab, and office space, with a portion of the complex having formerly served as a pharmacy.
The property is a part of a thriving commercial medical office market in Glendale that earlier this year saw the nearly 100,000-square-foot Thunderbird Medical Pavilion at 5757 Thunderbird Road going for $13.5 million.
Recent listings for other medical office properties in Glendale include the Copperwood Medical Plaza at 8811 N 51st Street with an advertised price of just under $2.6 million; and a stand-alone office in the Brookside Office Park at 11851 N 51St Avenue, listed for around $3.1 million.
The auction for the Arrowhead Professional Medical Plaza, which is located some 10 miles to the north of downtown Glendale, has a starting bid price of $2 million.
The auction listing is being handled by the Phoenix offices of realtor Kidder Matthews.
By Garry Boulard
