Valleywise Health sells former Maryvale Community Health Center
PHOENIX — Valleywise Health, represented by the Land Advisors Organization’s Healthcare Strategy Team, sold the former Maryvale Community Health Center for $1.8M, according to a press release.
Valleywise Health moved from the old location on 51st Avenue to the current Valleywise Community Health Center – West Maryvale on Thomas Road and 75th Avenue in 2021.
“The team has located seven sites for new Valleywise community health centers, as well as handling the disposition of their excess real estate,” Land Advisors Organization’s Healthcare Strategy Team member Michele Pino said in the release.
“We also represented Valleywise in the acquisition of the Maryvale Hospital, which was converted to a behavioral health hospital. This transaction is the fourth sale of an excess Valleywise clinic building site.”
The 15,750 square-foot medical office that was built in 1991 houses individual clinical spaces and a community training room. It was purchased by a local non-profit organization, according to the release.
The Land Advisors Organization’s Healthcare Strategy Team has instructed Valleywise Health on real estate strategies since 2017.
“Having access to market insights and the data they provide allows Valleywise Health to confidently plan and execute our site selection and growth strategy, ensuring that we are strategically located in the communities we serve,” Warren Whittney, senior vice president with Valleywise Health, said in the release.