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Grunow Memorial Medical Center

926 E. McDowell Rd

PhoenixArizona85006

United States of America

Grunow Memorial Center is a two-storey, 53,641 Sq. Ft. medical office building in Phoenix, Arizona. The site has excellent tenant synergy, with twelve tenants providing an array of services including a dialysis centre, ENT, otology, OB/GYN, family practice, internal medicine, podiatry, neurology, dental and Sonora Quest Labs. Renovated in 2018, the historically landmarked Spanish Colonial Revival-style building provides modern medical suites, attracting leading national healthcare providers. Furthermore, the site provides 274 parking spaces.

Grunow Memorial Center is located in the Central Phoenix medical services hub, just north of downtown Phoenix, and is within a 16 km radius of 27 hospitals and medical centres. The nearby Banner University recently completed a 700k Sq. Ft. expansion, by adding a new hospital tower and a $34m facility. The nearby population can be described as dense, and is rapidly expanding, with high population growth in recent years. The centre is within 1 km of the I-10 and is serviced by nearby bus routes.

City
Phoenix, AZ
Asset Type
MOB
Title
Freehold
Fund
NWH REIT
Ownership Interest
100%
Year Built | Renovated
1931 | 2018
Site Area
180,907 SQ FT | 16,807 SQM
GLA
53,641 SQ FT | 4,983 SQM
Occupancy
86%
WALE (yrs)
4.0
Tenants
12
Major Tenant
Total Renal Care, Inc
Mark Schroeder
Senior Director, Asset Management, US
mark.schroeder@nwhreit.com