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Stratton Road Realty Acquires Dobson Town Place Medical Office Building in Chandler for $10.3M

CHANDLER, ARIZ. — Stratton Road Realty LLC has purchased Dobson Town Place, a single-story medical office building located in south Chandler. Off Five LLC sold the asset for $10.3 million, or $232 per square foot.

At the time of sale, the 44,000-square-foot property was 100 percent leased to a mix of medical, professional office and retail tenants on triple-net leases. Dobson Town Place was built in 2007 and 2008.

James Taylor of Orion Investment Real Estate represented the seller in the deal.

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