The newly finished Edison Place on the southeast corner of John Wayne Parkway and Edison Road sold for $4.578 million to K&N Investors, according to county records.
The previous owner and developer of the lot was Signal Healthcare of Paradise Valley. K&N is based in Bethlehem, Pennsylvania. The 9,000-square-foot commercial building is fully occupied by SimonMed Imaging and Heartland Dental.
The sale was brokered by commercial real estate firm Newmark Knight Frank. NKF announced the sale in October. The sale took place Aug. 30. It amounts to $531 per square foot.
“The Maricopa property is an example of how healthcare providers are occupying retail sites for convenient access and visibility for patients,” NKF Managing Director Trisha Talbot said in a media release.
This item appears in the November issue of InMaricopa.