Park Avenue Health and Rehabilitation Center Sells for $34.3 Million

TUCSON, Ariz. (Oct 6, 2026) — Park Avenue Health and Rehabilitation Center, a 200-bed skilled nursing and rehabilitation facility at 2001 N. Park Avenue in central Tucson, sold for $34,315,000 in a transaction that closed September 29, 2026.

Park Villa Corporation of Westlake Village, California, sold the property to 2001 North Park Avenue Health Holdings LLC of San Juan Capistrano, California, Chad Keetch, purchasing manager.

The purchase price equates to approximately $171,575 per licensed bed and $549.78 per building square foot.

Built in 1987, the property contains approximately 62,416 square feet of improvements on 2.26 acres. The acquisition encompasses seven parcels within the Biltmore subdivision, zoned O-3.

Located north of the University of Arizona and west of Banner–University Medical Center Tucson, Park Avenue provides short-term rehabilitation, skilled nursing and long-term care. The facility offers private and semi-private accommodations, with around-the-clock nursing care and an in-house rehabilitation team.

Its therapy services include physical, occupational and speech-language therapy, with individualized treatment plans supporting recovery, mobility and daily living activities. The Arizona Department of Health Services lists the facility’s license as active, with a capacity of 200 beds.

The purchasing entity appears affiliated with The Ensign Group, which already operated the facility through its subsidiaries.