Michael Douglas, CCIM, with the ICRE Investment Team at ORION Investment Real Estate, is pleased to announce the successful closing of 2320 East Brown Road in Mesa, Arizona. Michael represented the sellers in the transaction and facilitated the entire process without co-brokers involved. The property was acquired by a medical physician specializing in geriatrics who is expanding their practice from California into Arizona. The physician will now move forward with the development and construction of a 6,200-square-foot multi-tenant medical building, strategically located adjacent to an established family practice.
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Why Northeast Mesa?
The Northeast Mesa submarket provides an excellent match for the physician’s focus on geriatric care, with demographics that support this specialty. Within a five-mile radius, the area boasts:
• 295,000+ residents and a daytime population of 388,000
• A median age of 38.4 with strong aging population clusters
• Over $764 million in annual household medical expenditures
2320 E Brown Road
The new geriatric practice will complement the existing healthcare providers in the area, including Brown Road Family Medicine and Magnolia Dental, while addressing the needs of Mesa’s growing patient base.
Facilitating a Seamless Transaction
Although the site was purchased with cash, Michael provided end-to-end advisory services, helping coordinate:
• A local lender for future construction financing
• A general contractor for project buildout
• Escrow services and land appraisal support
This comprehensive approach ensured a smooth transaction and positioned the buyer for a successful development timeline.
“We’re proud to have represented the sellers and facilitated a deal that brings much-needed geriatric services to Northeast Mesa,” said Michael Douglas, CCIM. “This project not only serves the community but also adds long-term value to the neighborhood’s healthcare ecosystem.”
About ORION Investment Real Estate & ICRE Investment Team
ORION Investment Real Estate is a full-service brokerage firm specializing in investment sales, leasing, and advisory services. Michael Douglas, CCIM, leads the ICRE Investment Team, with expertise in medical office, land, and investment transactions, providing clients with national reach and local market expertise.
