Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in Jacksonville, Florida. The transaction was announced on December 3, 2024.
The 10,475-square-foot specialty MOB is fully occupied by Terk Oncology, a prominent specialty provider. The building features a state-of-the-art linear accelerator vault, enabling precise radiation therapy and enhancing access to advanced treatment for local patients. The property is situated across the street from a major hospital campus.
Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $5 billion in medical real estate across the United States.
“We are thrilled to add this outstanding property and to establish a long-term relationship with the physicians of Terk Oncology,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
“The Jacksonville property represents our second Jacksonville acquisition in 2024 and our fifth this year in Florida, with more on the way,” said Chip Conk, CEO of Montecito Medical. “We are excited about the medical real estate investment opportunities we continue to see across the state.”
According to data captured in the LevinPro HC database, this acquisition marks the 188th MOB transaction of the year, and the 28th announced in Florida. Additionally, this marks Montecito Medical’s 26th deal of 2024, including its 21st MOB deal. This is a slower year for the usually active MOB acquirer. Last year, between January 1, 2023, and December 3, 2023, Montecito Medical announced 35 MOB deals. Financial terms of the Jacksonville, Florida deal were not disclosed.
