Phoenix (June 24, 2026) – CBRE facilitated the sale of the Rose Garden Medical Campus, totaling 18,059 sq. ft. in three medical outpatient buildings (MOBs) located at 2915-2925 W. Rose Garden Lane and 20950 N. 29th Avenue in Phoenix, Arizona, to a private investor.
Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Phil Wurth of CBRE’s Phoenix Healthcare Leasing team to act as the exclusive advisors to the seller.
Rose Garden Medical Campus is a three-building, state-of-the-art outpatient oncology campus located in the high-growth Phoenix metropolitan area. The property is 100% leased and anchored by City of Hope, an investment-grade oncology health system that operates a full spectrum of outpatient oncology services, including medical oncology consultations, infusion therapy, minor surgical procedures, comprehensive genetic and genomic testing, robust supportive care programs, mammography, ultrasound, and CT scans. City of Hope also operates a linear accelerator (LINAC) and high-dose rate (HDR) radiation therapy suite, enabling same-day diagnostic imaging, treatment planning, and radiation delivery.
“Rose Garden Medical Campus is a high acuity MOB campus anchored by an investment-grade oncology health system that has demonstrated long-term commitment and investment at the facility,” said Reethof, a First Vice President with CBRE’s U.S. Healthcare Capital Markets practice. "This investor sought to acquire a specialized facility in Phoenix, one of the nation’s top MSAs for MOB assets with excellent healthcare demographics.”
Rose Garden Medical Campus is strategically positioned in a highly accessible infill location immediately proximate to the AZ 101 Loop and Interstate-17 (I-17) interchange, which together serve more than 216,000 daily drivers, providing regional connectivity across the Phoenix MSA. With a parking ratio of 5.0 per 1,000 square feet, the property is designed to efficiently support high patient volumes. The property’s location, one mile from the 204-bed, full-service hospital, HonorHealth Deer Valley Medical Center, further enhances clinical synergy, patient growth, and long-term tenant demand.