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SSP Investments Inc Buys Two Medical Office Properties in Deals Worth $26 Mil

3/04/26

SSP Investments Inc, a Bay Area-based family office, purchased two medical office assets for $26.2 mil. The assets, located in Phoenix and San Rafael, total 69k sf of space.

8921 W. Thomas Rd, Phoenix
8921 W. Thomas Rd, Phoenix
In one of the deals, SSP Investments paid $17 mil for 8921 W. Thomas Rd, a 42k sf building in Phoenix. The property is 100% leased to SimonMed Imaging, the nation’s largest outpatient physician radiology group. The building is located across from Banner Estrella Medical Center, a 317-bed hospital serving nearly 400,000 residents within a five-mile radius.

In the other transaction, the firm acquired 111 Smith Ranch Rd in San Rafael for $9.2 mil. The 27.2k sf medical building is fully leased to Kaiser Permanente. The property serves Kaiser’s Psychiatry & Addiction Medicine Services and is located just half a mile from its 150k sf regional headquarters.

CBRE’s Nick Whitstone and Andrew Trillo represented the buyer in both acquisitions.




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