Estrella Heatlhcare Campus is a recently renovated, single-story, 39,690-square-foot medical and professional office building located in Phoenix, AZ. The property is fully leased for a 15-year term to SimonMed Imaging (SMI), one of the largest outpatient medical imaging providers and largest physician radiology practices in the United States. SimonMed specializes in using the newest diagnostic imaging technologies and bringing them to the community in an affordable and accessible way.
SimonMed currently has sites in Arizona, California, Colorado, Nevada and Florida, and continues to expand and explore other markets. This location is mission critical to the practice, serving as the “hub” for its 39 locations statewide. It houses not only clinical services, but the firm’s technicians, records, billing and scheduling.
Specialists like SimonMed will continue to benefit from the increased demand in healthcare and healthcare services in the U.S. One of the trends in the industry relevant to commercial real estate is the shift by providers from hospitals to more affordable outpatient facilities, including emergency care clinics, diagnostic laboratories and imaging centers.