TUCSON, AZ (March 31, 2026) — A two-story office building at 1890 E. River Road in Tucson’s Northeast submarket sold March 19 for $5.3 million, or about $326 per square foot, in an owner-user transaction. The 16,257-square-foot property sits on 1.13 acres at the southwest corner of River Road and Campbell Avenue, one of Tucson’s most established office and mixed-use corridors.

The seller was River Campbell LLC of Tucson, managed by Hank Amos. The buyer was 1890 River LLC, c/o LBSL Investments LLC of Tucson, managed by Kristian Gose. Built in 1987, the property is identified as part of Saint Philip’s Plaza / Cambric Corporate Center.

The building was vacant at the time of sale. The buyer plans to occupy the ground floor with his Farmers Insurance business while leasing the upstairs suites. Marketing plans for the second floor include suites ranging from approximately 1,000 square feet to 8,000 square feet, along with smaller office spaces of about 100 square feet to 350 square feet.

According to the seller, the exterior had recently been repainted and was in good condition. The site also includes 98 parking spaces, a feature that supports both owner-user occupancy and potential for multi-tenant leasing.

The property sold at the high end of the price-per-square-foot range for vacant office space, a premium largely attributed to its location. Positioned at a highly visible corner along East River Road and Campbell Avenue, the building benefits from access to a corridor known for its mix of office, retail, restaurant, and residential uses. The sale reflects continued demand for well-located office assets that offer a combination of owner-user functionality and lease-up potential in central infill locations with established surrounding amenities.

Source: RED Comp #12395

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.

TUCSON, AZ (March 25, 2026) — KB Home purchased 13.2 acres from the Arizona State Land Department at public auction for future residential development in Tucson.

Located at the northwest corner of East Irvington Road and South Wingate Boulevard on Tucson’s east side, near Davis-Monthan Air Force Base and the University of Arizona, the parcel totals approximately 13.20 acres, more or less, according to auction materials. It sold for $1.32 million, equal to the appraised value.

The land was offered by the Arizona State Land Department and sold to KB Home, adding to the builder’s pipeline in the Tucson market. Specific plans for the site have not yet been announced, but the acreage is expected to be developed for housing. Depending on final entitlements and product type, the 13.2-acre site could likely support roughly 40 to 60 single-family homes, with higher yields possible under a smaller-lot plan.

The acquisition underscores continued homebuilder demand for well-located residential land in the Tucson metro, particularly in growth areas near major employers, established neighborhoods, and regional transportation corridors.

This marks KB Home’s second successful bid in the past three Tucson auctions.