TUCSON, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of CareMore, a 11,549-square-foot net-leased property located at 315 West Irvington Road in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $5 million ($433 PSF).
CareMore has four location in metro Tucson and has expanded into 9 states spanning both coasts, as well as the District of Columbia, serving over 160,000 patients. The name “CareMore” was chosen because it embodies a philosophy that inspires proactive care and a caring touch—qualities that continue to drive the company's success. Throughout its history, CareMore has led the industry in clinical and quality outcomes, and aims to carry that legacy forward for many years to come.
Mark Ruble, Chris Lind and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. CareMore is located at Interstate-19 and Irvington Road in Tucson, across from Tucson Spectrum and just 15 minutes from the Tucson International Airport and the University of Arizona. Newly constructed in 2020 on a 0.98-acre lot, this asset includes a brand-new 10-year lease with CareMore Health System including 1.5% annual rental increases.