**Albany Road Acquires 59K-SF Scottsdale Medical Office Property for $13.3M**
Albany Road Real Estate Partners has acquired Paradiso, a 59,400-square-foot medical office property located at 11000 N. Scottsdale Road, for $13.3 million. The seller in the transaction was Mark IV Capital Properties.
Paradiso features a large central courtyard adorned with decorative fountains and seating areas, private entrances and balconies, covered breezeways, patios accessible from several ground floor suites, and full-length storefront windows, offering a premium environment for tenants and visitors alike.
According to marketing materials from Cushman & Wakefield, the property is currently 86% leased to a high-quality roster of medical tenants. The average suite size is approximately 2,100 square feet, making it ideal for a wide range of medical practices.
The brokerage team from Cushman & Wakefield—comprising Eric Wichterman, Alexandra Loye, Chris Toci, and Mike Coover—represented Mark IV Capital Properties in the sale.
Paradiso is strategically positioned near the intersection of Shea Boulevard and Scottsdale Road, one of the most prominent and well-trafficked corridors in the Phoenix metro area. The location is known for its strong mix of high-quality retail, dining, and entertainment options, which enhances the attractiveness of the property for tenants and investors.
This transaction reflects continued investor confidence in well-located healthcare assets throughout the Southwest region.
