Pain Institute of Southern Arizona Building Sells for $5.71 Million

Pain Institute

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.



New Equestrian Center Planned for Northeast Tucson Following $1.4M Land Sale

Equestrian Center

TUCSON, ARIZONA (Sept. 3, 2026) — Sonoran Equestrian Center, LLC purchased approximately 9.31 acres of land at 8050 E. Tanque Verde Road in northeast Tucson for $1.4 million.

The transaction closed August 25, 2026.

The seller was The Francis E. Hawke, Jr. Trust.

Sonoran Equestrian Center plans to develop the property with a new equestrian facility featuring a 60 stall covered open air barn, a covered open air dressage arena, an open air jumping area and a covered exercise arena.

Craig Finfrock of Commercial Retail Advisors, LLC represented the seller in the transaction. The buyer represented itself.

Commercial Retail Advisors, founded in 2001, specializes in shopping center leasing and sales as well as retailer tenant representation throughout Southern Arizona.

For additional information, contact Craig Finfrock of Commercial Retail Advisors at 520.290.3200.

Source: RED Compa #12689



Rita Road Cannabis Cultivation Center Sells for $6.48 Million

Cannabis Cultivation Center

TUCSON, Arizona (Sept. 2, 2026) — Union Financial Management Services LP of Tucson and additional purchasers acquired the Rita Road Cultivation Center at 8000 S. Rita Road in southeast Tucson for $6.48 million. The seller was Jensen Investments LLC of Ankeny, Iowa.

The transaction closed August 25, 2026. The purchase price equates to approximately $163.12 per square foot for the 39,726 square feet of improvements.

Built in 2019, the metal industrial facility occupies a site of 15.74 acres in the Rita Ranch area. Its warehouse and office space were designed and built for indoor medical marijuana cultivation and production.

The facility was developed as part of the Tucson Cannabis Campus. In an October 2019 project update, Tucson contractor Kappcon reported completing an indoor cultivation center of approximately 40,000 square feet in partnership with David Shambach and George Roop.

Source: see RED Comp #12680.