The Chandler Medical Pavilion, a state-of-the-art outpatient medical building spanning 65,931 square feet, has been acquired by Montecito Medical Real Estate for $30 million. The property was previously owned by a joint venture between Unbound Development and Webb Investments.
Completed in 2021 specifically for Banner Health – the largest integrated health system in Phoenix and Arizona – the Chandler Medical Pavilion offers specialized services such as an ambulatory surgery center with three operating rooms, an advanced imaging center, an accredited cardiology department and a Banner Health Clinic providing gastroenterology, endocrinology and orthopedics.
Conveniently located at 1125 S. Alma School Rd., the medical pavilion is situated next to the renowned Banner Ocotillo Medical Center.
Unbound Development was established in 2020 as a full-service real estate development company based out of Phoenix. With over $6 billion worth of transactions completed since its inception in 2006,Montecito has solidified itself as a leader in medical real estate investments.
