Montecito Medical Real Estate has acquired a medical office building (MOB) in Tampa, Florida, for $10 million. The 16,667-square-foot property sold for $600 per square foot.
A team from Matthews Real Estate Investment Services represented the sellers, the partners of The Reproductive Medicine Group, in the transaction. The Reproductive Medicine Group will remain in its current location.
Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate.
According to data captured in the LevinPro HC database, this acquisition marks the 21st MOB transaction of 2023. There were 214 MOB deals in 2022.
