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Medical Building Sells for $2.3M

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By Grant Alexander
December 18, 2002 | 6:58 P.M.

Sasinowski Revocable Trust purchased the Third Street Professional Building located at 3008 North 3rd St. in Phoenix. The three-story, 32,175-square-foot medical building sold for $2.3 million, roughly $71.50 per square foot, at an 11% cap rate. Native American Community Health is the buildings major tenant, occupying 16,742 square feet. Eric Wichterman and Stanton Shafer of Grubb & Ellis represented both the buyer and the seller, Presson Advisory LLC, an entity of Presson Companies.

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