MARANA, ARIZ. (July 15, 2025) – Mark Biery, JD, CCIM, recently closed on Beehive Homes assisted living Marana, a 20-bed assisted living facility and the existing operating business, at 6180 W. Mamie Kai Drive in Marana, for $2,350,000. The business was $75,000, and the real estate was $2,275,000.

Beehive Homes of Marana, which opened for business in 2014, was designed, built, and operated by MM&P Healthcare Properties, LLC, a family-owned private development and investment group. The Beehive Homes name is a locally-owned franchise, with the corporate Beehive office located in Idaho.

“Financing was a challenge with this deal,” Biery said. “The business had not been performing as it should have since Covid – the pandemic really hit the senior housing industry hard – and the partners were all off-site. There were two LLC’s, with one holding the real estate, and one operating the business. The business LLC paid the holding LLC rent. That’s a pretty typical structure for this industry.

“The owners accepted residents with a subsidized ALTCS (Medicaid) plan, and that kept the building fuller, but ALTCS pays less than operators can charge privately-paying residents.

“The buyer approached quite a few banks, and the breaking-even profit-and-loss statements didn’t give them the debt-coverage-ratio they wanted. Even though the buyer has a large senior housing portfolio that performs well, the banks wanted the business to support its own mortgage, without cash from other properties. We eventually found a bank that did the mortgage.” According to Biery, the 40,000 SF parcel has enough room to construct a second, identical building, increasing the total capacity to 40 beds. The buyer will drop the Beehive name and will operate the facility locally.

For more information, you can reach Mark Biery at: (520)235-2531, or MarkBieryTucson@Gmail.com

MARANA, ARIZ. (July 10, 2025) – Lennar Homes has closed on a strategic acquisition of 58 platted and engineered lots within the Twin Peaks Vista subdivision for the total sum of $1,740,000 ($30,000 per lot). Twin Peaks Vista subdivision is located at the intersection of Twin Peaks Road and Decker Road, just north of Linda Vista Boulevard and east of Interstate 10 in Marana.

According to town plat maps, these 58 residential lots are laid out under the Twin Peaks Vista Specific Plan, each conforming to a minimum lot size of 6,000 square feet, and average lot size 7,855 square feet.

Twin Peaks Vista sits within one of Marana’s most sought-after growth areas, offering convenient access to both Interstate 10 and the emerging Preserve at Twin Peaks community—already under development since 2019 by Lennar https://red.hs-staging.site/lennar-closes-on-195-lot-prelim-plat-for-6-7-million-in-marana/. The location benefits from planned infrastructure, proximity to existing Lennar neighborhoods, and strong regional demand for new single-family homes.

This acquisition aligns with Lennar’s strategy of securing well-positioned land parcels with engineered lots, enabling faster rollout of model homes, reduced permitting time, and cost control. Industry tracking confirms Lennar’s active expansion in the Twin Peaks corridor, including the nearby 195-lot Preserve at Twin Peaks community, purchased for approximately $6.7 million ($34,400 per lot).

With this pull-through of engineered inventory, Lennar can accelerate homebuilding supply to meet the growing demand of buyers in Marana and Tucson. The Twin Peaks Vista lots are poised to support new phases of single-family or multi-family development as infrastructure schedules permit.

Source: RED Comp #11950

TUCSON, ARIZ. (July 9, 2025) – The property at 333 W Cool Drive in Northwest Tucson, home to Sahuaro Vista Veterinary Clinic, has been sold in a sale-leaseback transaction for $1,575,000 ($625 PSF).  The seller, Dr. Andrew Carlton of Tucson, is the founder and managing veterinarian of the clinic, which has operated at this location for more than 23 years. The buyer was LHRE W Cool Dr Tucson, LLC, an investment entity affiliated with LHRE Fund Holdings, LP,  based in Dallas, Texas.

The 2,520-square-foot veterinary clinic was built in 1990 and brokered by Alvin N. Mansour and Ryan Sarbinoff of Marcus & Millichap, who marketed the property as a corporate-backed net-leased investment with a strong tenant and long-term lease in place. The lease includes a two percent annual rental increase throughout the initial term and renewal options. It is guaranteed by National Veterinary Associates (NVA), one of the world’s largest veterinary and pet care service providers. NVA operates more than 1,500 veterinary clinics, animal hospitals, and pet resorts, generating approximately $6 billion in annual revenue. The company is majority-owned by JAB Holding Company, which is controlled by the Reimann family, one of the wealthiest families globally, with an estimated net worth of $20 billion, according to Forbes.

Sahuaro Vista Veterinary Clinic is situated just off Oracle Road (State Route 77), a high-traffic arterial route with over 42,000 vehicles passing through daily. The site offers excellent visibility and signage and sits within one of the region’s most established and economically vibrant commercial and healthcare corridors. The surrounding area includes a dense mix of dental, dermatology, and urgent care centers, creating a strong synergy for pet-owner convenience and cross-referral potential.

The property is situated in a densely populated and affluent trade area, with over 139,000 residents within a five-mile radius and average household incomes exceeding $109,000 within a three-mile radius. It is surrounded by growing residential neighborhoods, apartment complexes, and townhome communities that continue to expand, supporting a steady demand from pet-owning households.

With pet ownership on the rise and Arizona ranked among the top 10 states for pet ownership, the veterinary real estate sector remains one of the most resilient investment categories. Healthcare and veterinary-related properties are widely regarded as internet-resistant and recession-proof, with long-term performance driven by service-based demand and demographic growth.

The sale of 333 W Cool Drive highlights continued investor confidence in essential healthcare assets and reflects a broader trend toward institutional interest in veterinary-anchored net-leased investments.

For more information, Sarbinoff can be contacted at 602.687.6700, and Mansour is at 858.373.3185.

Source: RED Comp #11954.