Pima Medical Institute Building Sells in Sale Leaseback for $23 Million

TUCSON, ARIZONA, Oct. 12, 2022 – The Pima Medical Institute Building at 2121 N Craycroft Road in Tucson sold for $22,975,040 ($307 PSF) in a sale leaseback agreement. The buyer was Realty Income Properties 27, LLC an affiliate of Realty Income Corporation REIT of San Diego, CA, Larry Chapman, Director.

The 74,815 square-foot building was constructed in 1985 on what later became the Pima Medical Institute Flagship campus encompassing 50,000 square-foot in buildings and a 25,000 square- foot courtyard.  Located at the former site of Townsend Middle School.  The former school was repurposed and the interior completely remodeled to showcase large classrooms, spacious study areas, real-world labs and training facilities as well as a nursing simulation lab with arena seating.

Pima Medical Institute (PMI)  is an employee-owned, private, accredited medical career college. Established in 1972, it focuses on educating students to become career ready exclusively for healthcare professions, including medical, dental and veterinary fields. The curriculum includes certificate, associate degree, bachelor’s degree and master’s degree programs.

More than 150,000 graduates have pursued careers in fields, including respiratory therapy, nursing, radiography, dental hygiene, medical assisting, physical therapist assistant, occupational therapy assistant, the veterinary sciences and more at PMI. They have gained knowledge and skills in one of the 30 programs offered at one of the 17 campuses across the western United States. From on-campus to hybrid and 100% online learning options, PMI remains steadfast in its commitment to improving the quality of people’s lives by providing the best value in medical career education.

Pima Medical Institute will be holding an Open House for the public on October 11, 12 and 13 from 9am to 6 pm to meet faculty and current students while touring its real-world labs and classrooms. Medical career specialists and financial service advisor will be on hand to speak with on these days.

To learn more, see RED Comp #10193.