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Medical Office Building Sells for $23.3 Million in Queen Creek, Arizona

Wisconsin-based Hammes Partners Acquires Ironwood Medical Pavilion II
The 61,302-square-foot medical office building, constructed in 2019, holds tenants such as Banner Health and Cardiovascular Associates of Mesa. (CoStar)
The 61,302-square-foot medical office building, constructed in 2019, holds tenants such as Banner Health and Cardiovascular Associates of Mesa. (CoStar)
By Thomas Ferguson
CoStar Research
October 5, 2023 | 3:44 P.M.

Ironwood Medical Pavilion II, a medical office building in Queen Creek, Arizona, within Phoenix’s Southeast Valley, recently sold for $23.3 million, or $380.09 per square foot, to Hammes Partners, an investment management firm that focuses on US healthcare properties.

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