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3/16/26
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Arizona Veterinary Specialty Center, a 28.8k sf, veterinary specialty and emergency care facility in Gilbert, AZ, was acquired by Futurepath Development Services, a San Francisco Bay Area-based family investment entity. The property traded for $11.2 mil, or $389/sf.
Located at 86 West Juniper Ave, the property was built in 2004 and is 68% leased to Arizona Veterinary Emergency & Critical Care Center, a National Veterinary Associates and Ethos Veterinary Health company, and Thrive Pet Healthcare, two of the largest veterinary and pet care organizations in the U.S.
The property is located near Hwy 60 and Hwy 87, and is surrounded by complementary facilities such as hospitals, residential communities and national retailers.
CBRE’s Nick Whitstone and Miles DeLong represented the buyer in the transaction.
“Veterinary and specialty healthcare properties have attracted strong investor interest due to their stability and resilience across markets,” said Whitstone, senior vice president, CBRE. “Gilbert is one of the fastest-growing cities outside of Phoenix and is known for its well-planned communities and strong demographics, presenting strong market fundamentals for investors.”
Annual investment volume in medical office buildings rose 35% year-over-year to $12.6 bil in 2025, the highest annual total since 2022, according to CBRE Research. Phoenix received the third-highest medical office building investment volume, trailing four quarters, with $467.6 mil.
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