Tucson Medical Office Investment Sells for $1.84 Million

4582 N 1st Ave., Tucson, AZ

TUCSON, Arizona — Kenneth Swanson, Inc., a family trust, purchased a 7,152-square-foot Medical Office Investment Property at 4582 N. 1st Avenue, from Southern Arizona Land Ventures, LLC in a sale leaseback transaction for $1.838 million ($256 PSF).

The property will continue to be occupied by The Pain Institute of Southern Arizona (PISA) that has been at this property since 2004, where it expanded from one to four condominiums occupied in the Rillito Business Park.

PISA is dedicated to the evaluation, diagnosis, and treatment of pain. Finding the cause and effectively treating pain is its primary goal. Physicians work with patient and primary care doctor to design a treatment plan to decrease pain and increase the patient’s level of function.

Its other office is at 4881 E. Grant Road in Tucson, at Grant and Swan.

Andrew D. Sternberg and Robert J. Nolan of Oxford Realty Advisors in Tucson represented the buyer and Mark Irvin, CCIM, SIOR, of Mark Irvin Commercial Real Estate Services of Tucson represented the seller in the transaction.

For more information, Sternberg and Nolan can be reached at 520.232.0200 and Irvin should be contacted at 520.620.1833.

To learn more, see RED Comp #4319.