Tucson Medical Dental Complex Sells for $5.825 Million

Medical Dental Complex

TUCSON, ARIZONA (Sept. 17, 2026) — ACE Oracle-AZ, LLC, an Alpharetta, Georgia-based investment entity, purchased the Tucson Medical Dental Complex at 4625–4627 N. Oracle Road in Tucson for $5.825 million.

Health Wealth Fund One Series 1, LLC of Colorado Springs sold the 13,860-square-foot medical office property in an investment sale that closed Sept. 4. The purchase price equates to approximately $420.27 per square foot.

The one-acre property is located along the Oracle Road commercial corridor across from Tucson Mall. Constructed in 1999, the building contains three dental-related tenants and 45 parking spaces.

Bella Vida Dental occupies approximately 2,854 square feet in Suite 102. The practice, which has operated at the property since 2023, provides general, restorative, implant and cosmetic dentistry.

JetSet Dental Implants occupies approximately 4,531 square feet, while JetSet Training Institute occupies the remaining 6,475 square feet. The three tenants collectively occupy the entire building.

The property operates under a 15-year absolute triple-net master lease with JetSet Surgeon Founders, LLC. The lease includes 3 percent annual rent increases and is supported by guarantees from affiliated dental practices.

The September transaction marks the property’s second sale in approximately 16 months. Health Wealth Fund One Series 1 acquired the complex for $5,013,333 in April 2025 and 7.95% cap rate. Matt Hardke, Brenton Baskin and Julius Swolsky with Graystone Capital Advisors handled that earlier transaction.

The latest sale price represents an increase of $811,667, or approximately 16.2 percent, over the property’s April 2025 purchase price.

The building is positioned near several national retailers and restaurants, including In-N-Out Burger, Chick-fil-A and Chuze Fitness. Its Oracle Road frontage, proximity to Tucson Mall and long-term healthcare tenancy make it a well-located medical investment within Tucson’s Central submarket.

Source: RED Comp #12708




Tucson Council to Consider PFAS Cleanup and Veterans Golf Complex Partnership

PFAS

TUCSON, ARIZONA (Sept. 17, 2026) — The Tucson City Council will consider a proposed agreement with Warbird National on Tuesday, Sept. 22, that could accelerate cleanup of PFAS contaminated groundwater near Davis-Monthan Air Force Base while supporting development of a veterans golf, aviation and education complex. Perfluoroalkyl and polyfluoroalkyl substances, commonly known as PFAS or “forever chemicals,” have been used in firefighting foam and numerous industrial and consumer products.

The proposed memorandum of understanding would establish a framework for negotiations among the City of Tucson, Warbird National and the U.S. Air Force. It would not authorize construction or commit the parties to a final development agreement, but city officials describe it as an important first step toward addressing contamination that threatens Tucson’s long term water supply.

City Manager Tim Thomure warned the Mayor and Council that PFAS compounds originating near Davis-Monthan have moved into portions of Tucson’s central wellfield. The city has removed 24 wells from service because of contamination and designated another eight for emergency use only.

The central wellfield, which extends through portions of Tucson’s urban core, midtown and east side, was once the city’s largest source of drinking water. Tucson has relied primarily on renewable Colorado River water delivered through the Central Arizona Project during the past two decades, but uncertainty surrounding future Colorado River supplies has increased the importance of protecting the city’s groundwater reserves.

“This PFAS plume has already impacted a number of Tucson Water’s production wells in the central wellfield, and if it is left unaddressed, the city’s long-term water supply is in significant danger,” Thomure wrote in his communication to the council.

PFAS, commonly called forever chemicals because they persist in the environment, have been used in firefighting foam and numerous industrial and consumer products. Cleanup near military installations has often proceeded slowly through the federal Superfund process.

According to Thomure, Tucson’s cleanup has not received a high federal priority because the city prevents PFAS contaminated groundwater from entering its drinking water system. While that protects customers, it also means the contamination can continue spreading underground as the city waits for a comprehensive federal response.

The proposed partnership is intended to shorten that timeline. City officials estimate that a treatment system could potentially be designed and constructed within 18 to 24 months, several years sooner than the process currently being evaluated by the Air Force.

The system would be designed to capture, treat and beneficially reuse approximately 1.75 million gallons of groundwater per day from Davis-Monthan, along with additional contaminated groundwater collected from areas outside the base.

Much of the treated water would support an 18-hole golf course envisioned by Warbird National, a nonprofit organization led by former Air Force veterans. Additional treated water could be used at other city facilities.

Warbird National’s broader concept includes a championship golf course, outdoor aviation exhibits, public amenities and a Center for Learning and Winning. The educational component would provide science, technology, engineering and mathematics programs for young people, along with services and programming for veterans and the military community.

The organization’s plans describe a golf course integrated with displays of retired military aircraft, creating a destination intended to recognize military service while generating support for veterans programs.

Mayor Regina Romero said the partnership could help protect Tucson’s aquifer while advancing cleanup of a longstanding contamination problem.

“Keeping Tucson’s water supply safe and secure remains one of my top priorities,” Romero said. “This public-private partnership has the potential to allow us to cleanup a PFAS plume and keep our aquifer safe.”

Tucson Water Director John Kmiec said the proposal offers an opportunity to move the groundwater cleanup forward while putting the treated water to productive use without reducing water available to Tucson customers.

Funding details have not been finalized. City officials anticipate that federal funding and private money raised by Warbird National would pay for the cleanup and related infrastructure, with no cost to Tucson Water ratepayers. Earlier discussions referenced the possibility of approximately $20 million in federal funding, although no final award or financing package has been announced.

Several major questions also remain unanswered. The proposed memorandum does not identify the golf course location, the size of the development site or the total cost of the project. It also does not represent a binding commitment from the Air Force to fund or undertake the cleanup.

If approved, the memorandum would serve as a statement of intent and a basis for negotiating a legally binding intergovernmental or definitive agreement. Those negotiations would establish the responsibilities of the city, Warbird National and federal participants before cleanup or development could begin.

The council’s Sept. 22 vote will therefore determine whether Tucson proceeds with formal negotiations, not whether the treatment system and veterans complex receive final authorization.

Even at this preliminary stage, the proposal presents an unusual model for addressing one of Tucson’s most serious water infrastructure challenges: pairing environmental remediation with a privately supported recreational, educational and veterans destination.




Arizona Escrow & Financial Corp. celebrates 50 years of excellence

Arizona Escrow & Financial

PHOENIX, ARIZ. (September 17, 2026) – Arizona Escrow & Financial Corporation (AEF) is celebrating 50 years in business in 2026, marking five decades of specialized commercial and business escrow service while looking ahead to continued growth in Arizona and beyond.

Founded in 1976, the woman-owned company has grown alongside Arizona’s business community while remaining independently owned and focused exclusively on escrow. Today, AEF works with business owners, brokers, attorneys, lenders and companies across Arizona, the U.S. and internationally.

The anniversary year has also brought several notable milestones for AEF and its leadership.

AEF recently became an Arizona Cardinals Small Business Partner, connecting the company with one of Arizona’s most recognized organizations and expanding its visibility throughout the state.

The company has also been named a 2026 BBB Torch Awards for Ethics finalist. BBB’s highest honor recognizes businesses for excellence in leadership, workplace culture, customer care and community impact. The competition includes businesses throughout Greater Arizona, San Diego County and Orange County, with the winner to be announced November 19, 2026.

AEF President Annette Anderson was named one of AZRE magazine’s Most Influential Women in Real Estate for 2026, following CEO Monica May-Dunn, who received the recognition in 2024.

May-Dunn was also named a Top 10 finalist for the 2026 NAWBO National Woman Business Owner of the Year Award, recognized during NAWBO Days in Washington, D.C. on May 31.

“Reaching 50 years gives us an opportunity to appreciate the people and relationships that built this company, but we’re equally focused on what comes next,” May-Dunn said. “We want to continue growing without losing the personal service, independence and expertise that have defined AEF for five decades.”

AEF’s plans for its next chapter include exploring opportunities for national expansion while maintaining its Arizona roots and continuing to modernize the escrow experience. The company is investing in technology that can improve efficiency, transaction visibility, document exchange and communication, while keeping personal relationships at the center of its service.

As AEF celebrates its golden anniversary, its direction remains true to the principles that have carried the company through its first 50 years: specialized expertise, personal attention and a commitment to getting the details right.

“Fifty years in business is more than a milestone, it is a reflection of the trust our customers, employees, partners, and communities have placed in us over five decades,” Anderson said. “We are incredibly proud of the legacy we have built together and grateful to the generations of people who have contributed to our success. As we celebrate where we’ve been, we remain focused on the future and the opportunities ahead. The best chapters of our story are still being written.”

Photo: (Left to right, left side): Darci Finsterwalder, Olivia Limon, Sarah Schorey, and Monica May-Dunn; (left to right, right side): Annette Anderson, Kalee Porter, Nicole Steele, and Melissa Baldwin. (Photo by Karianne Munstedt)