TUCSON, AZ (March 27, 2026) — A two-property Tucson cannabis dispensary portfolio occupied by Earth’s Healing sold March 20 for a combined $6 million ($784 PSF), reflecting investor demand for stabilized cannabis real estate with experienced operators.
The portfolio includes Earth’s Healing North at 78 W. River Road in Tucson’s Northwest submarket and Earth’s Healing South at 2075 E. Benson Highway in the South submarket. The River Road property sold for $2.4 million, while the Benson Highway location sold for $3.6 million. Together, the two properties total 7,654 square feet on approximately 1.96 acres. Earth’s Healing North contains 3,668 square feet and was built in 1998. Earth’s Healing South, a newer facility built in 2021, contains 3,986 square feet. Both transactions were recorded as bulk portfolio investment sales with seller carryback financing, and both properties were acquired fully occupied.
The seller was listed as Meridiano Investments III LLC and Meridiano Investments LLC. The buyers were affiliated Mesa entities Sarionn LLC and Reonn LLC, both tied to Jigar Patel as manager. Sellers, Vicky Puchi-Saavedra and Kelly Park will continue to operate the Earth’s Healing business following the sale.
That ongoing operating role fits the company’s long-term identity in the Tucson market. Earth’s Healing was described as a woman-owned, family-run business, with Puchi-Saavedra identified as owner/operator of the dispensaries. In prior reporting, she said the company began as “a small family business” and had grown into “a really big family business.” The Star also reported that family members were active in the company’s operations and leadership.
The transactions give the buyer two established Tucson dispensary properties in separate trade areas while keeping the operating business in local hands. For Southern Arizona, the deal also highlights the investment appeal of cannabis real estate backed by an established brand, in-place tenancy, and a long-running local operator.
Source: RED Comps #12397 & #12398.