An office building in a prominent medical corridor in Scottsdale is under new ownership.90 Mountain View I, a three-story, 91,082-square-foot medical office was sold by Regent Properties on July 11. WCCP 90 Mountain View LLC, an Arizona entity formed in June, purchased the building for $11 million, putting down $4.2 million in the deal, according to an affidavit of property value recorded in Maricopa County.Newmark Group Inc. Executive Managing Directors Barry Gabel, Chris Marchildon and CJ Osbrink represented Los Angeles-based Regent Properties in the deal.“The sale of 90 Mountain View I is a testament to the strength and resilience of the office and medical office market in Metropolitan Phoenix,” Gabel said in a statement. “We continue to see robust demand for well-located, high-quality office and medical office properties. This transaction highlights the confidence investors have in the long-term growth and stability of this region.” WCCP 90 Mountain View LLC is an entity linked to West Coast Capital Partners, which has offices in Los Angeles and Scottsdale. Locally, the firm works out of an office at 6900 E. Camelback Road near Scottsdale Fashion Square mall. West Coast Capital Partners lists properties on its website that include corporate office campuses, medical offices, and retail across the Valley, in Tucson and in California.90 Mountain View I is home to a mix of medical users and professional services like Day Law Firm, Desert Plastic Surgery, Audiology of Scottsdale and others. The property was 86% leased when it sold, Newmark said.Lee & Associates Arizona’s Gregg Kafka, Colton Trauter, Andrew Cheney, Bill Blak …
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