Pain Institute of Southern Arizona Building Sells for $5.71 Million
TUCSON, ARIZONA(Sept. 4, 2026) — The Pain Institute of Southern Arizona property at 4881 E. Grant Road has sold for $5.71 million, marking another investment sale in Tucson’s medical office market.
MOB Grant LLC of Southfield, Michigan acquired the approximately 14,771-square-foot two-story office building from Elliott Bay Medical Properties Holdings III LLC of Seattle. The transaction closed August 10, 2026.
The property, located on approximately 0.74 acres near Grant Road and Swan Road, was built in 2008. The sale equates to approximately $386.60 per square foot and traded at a reported 6.83 percent capitalization rate.
The building is occupied by the Pain Institute of Southern Arizona and sits in Tucson’s northeast submarket, an area with a strong concentration of medical users near Tucson Medical Center and other health care providers.
The transaction also represents a quick resale of the property. The building previously sold in April 2025 for $5.5 million, meaning the latest sale reflects a modest increase in value over roughly 16 months.
Christian Whippel is the seller, while Paul A. Stoduski is listed as a member of the purchasing entity, a medical related investment portfolio.
The sale underscores continued investor interest in medical office properties, particularly assets with established health care tenants and locations near major medical corridors.
Thunder, Newest Salt River Foal, Represents the Herd’s Next Generation
Thunder with Momma Minni (photo: SRWHMG)
SALT RIVER, AZ (Sept. 4, 2026) — Born on August 15 to Minnie and Light Rain, this beautiful Salt River foal is only a few weeks old, but in many ways, Thunder represents something much bigger: the next generation of the Salt River wild horses.
His birth came just days before a major change in the future of the herd.
On August 18, Gov. Katie Hobbs announced that removals of Salt River horses for adoption outside the management area would be suspended for 2026 and 2027, creating time for a genetic viability study to be completed before additional removal decisions are made. Hobbs said the study is intended to help ensure that the herd remains genetically stable and healthy for generations to come.
Then, on August 27, the Arizona Board of Regents approved a $325,000 Regents’ Research Grant for Northern Arizona University and the University of Arizona to conduct the two-year study. Researchers will use noninvasive DNA sampling and genomic analysis to examine the herd’s genetic makeup, inbreeding levels and population viability.
The Governor and ABOR formally announced the study together on August 31. Researchers from NAU and the University of Arizona will work with federal wild horse experts from the U.S. Geological Survey, with the resulting data intended to help inform future Arizona Department of Agriculture management decisions.
That makes Thunder’s arrival especially timely.
Thunder is one of those generations and carries forward a genetic legacy spanning more than two centuries and roughly 25 generations of Salt River horses.
The decisions being made today are ultimately about whether foals like Thunder, and the generations that follow him, will inherit a healthy, genetically diverse and sustainable herd.
Thunder is also one of the Hill horses, whose bands spend much of their time away from the river corridor. That gives us reason for additional hope. Predators that have taken foals from the herd are more frequently seen hunting along the river, so we are hopeful his life in the hills will give this little colt an extra measure of protection as he grows.
Thunder’s coloring may change dramatically as he grows. He appears likely to carry the gray gene seen in many Salt River horses, which can cause foals born with darker coats to progressively lighten with age, eventually becoming gray or nearly white.
Every foal born to this herd carries forward a genetic legacy from horses that have survived on this landscape for generations, with documented history tracing the Salt River horses back to at least 1790.
Now, rather than relying solely on assumptions about what population level the herd can sustain genetically, Arizona will have new research examining the horses themselves and the genetic diversity they carry.
And while the scientists begin that important work, Thunder is already giving us a glimpse of what is at stake.
The future of the Salt River wild horses has four little hooves, a wild family beside him and a name that suits him perfectly.
Welcome to the world, baby Thunder. May you grow strong, stay wild and one day help carry this remarkable herd into another generation.
Tucson Rent Report: September 2026
Tucson rents are flat month-over-month and down 0.7% year-over-year
The median rent in Tucson rose by 0.4% over the course of August, and has now decreased by a total of 0.7% over the past 12 months. Tucson’s rent growth over the past year has has outpaced the state average (-2.6%) and is similar to the national average (-0.8%).
Tucson rent growth in 2026 pacing above last year
Eight months into the year, rents in Tucson have risen 3.0%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to August 2025 rents had decreased 0.9%.
August rent growth in Tucson ranked #33 among large U.S. cities
Tucson rents went up 0.4% in the past month, compared to the national rate of 0.1%. Among the nation’s 100 largest cities, this ranks #33. Similar monthly rent growth took place in Cincinnati, OH (0.4%) and San Diego, CA (0.4%).
Month-over-Month Rent Growth Among 100 Largest Cities In the U.S.
Tucson is the #97 most expensive large city in the U.S., with a median rent of $1,050
Citywide, the median rent currently stands at $876 for a 1-bedroom apartment and $1,124 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,050. That ranks #97 in the nation, among the country’s 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,221 for a 1-bedroom, $1,376 for a 2-bedroom, and $1,390 overall. The median rent in Tucson is 24.5% lower than the national, and is similar to the prices you would find in Detroit, MI ($1,054) and Cleveland, OH ($1,045).
Median Overall Rent Among 100 Largest Cities In the U.S.
