Montecito Medical acquires 5 MOBs in Michigan
Montecito Medical Real Estate announced in a February 4 press release that it has acquired five medical outpatient buildings (MOBs) in western Michigan for an undisclosed price. The five MOBs, which offer more than 152,000 square feet, are situated in Grand Rapids, Big Rapids, Norton Shores and Holland, Michigan, respectively. Four of the properties are tenanted by OneOncology; the fifth is shared between OneOncology and the START Midwest Center for Cancer Research. All of the MOBs are fully occupied. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions totaling more than $6.5 billion in medical and veterinary... Read More »
CBRE Facilitates Sale of HCA Surgery Center Portfolio
CBRE announced on February 4 that it facilitated the sale of a HCA Surgery Center medical outpatient building (MOB) portfolio to Montecito Medical Real Estate. NexCore Group was the seller. The portfolio is in Orem, Utah and Katy, Texas and comprises 65,054 square feet. The facilities also operate as outpatient surgery centers. Both assets are fully leased with an average weighted lease term of 13.8 years. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions totaling more than $6.5 billion in medical and veterinary real estate. “This stabilized portfolio offers 14 years of WALT... Read More »
Montecito Medical Acquires 4 North Carolina Medical Outpatient Buildings
On January 29, Montecito Medical Real Estate announced its third transaction of the year with the purchase of four medical outpatient buildings (MOBs) in North Carolina. Terms were not disclosed. The MOBs are located in Pinehurst, Southern Pines and Fayetteville, North Carolina and total nearly 230,000 square feet. All buildings are 100% occupied. Pinehurst Surgical Clinic, the anchor tenant, occupies more than 190,000 square feet of the total space in the portfolio. FirstHealth of the Carolinas occupies 90% of the 14,000-square-foot Fayetteville property. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has... Read More »
Echo Real Estate Capital Acquires 2 Florida Medical Outpatient Buildings
Cushman & Wakefield announced that it represented ShareMD in the sale of two medical outpatient buildings (MOBs) in Florida (Ft. Lauderdale and Boynton Beach) to Echo Real Estate Capital, Inc. The Ft. Lauderdale MOB comprises 28,277 square feet. The four-story building is predominantly leased to medical-office users. It sold for $4.55 million, or approximately $160.91 per square foot. The Boynton Beach MOB comprises 31,747 square feet. The property is directly adjacent to Bethesda Hospital East. It sold for $6.9 million, or about $217.34 per square foot. Echo Real Estate Capital is a full-service real estate investment and development firm with a national... Read More »
Montecito Medical Acquires Daphne, Alabama Medical Outpatient Building
On January 21, Montecito Medical Real Estate announced that it purchased a medical outpatient building (MOB) in Daphne, Alabama. The MOB comprises 33,256 square feet. It is fully occupied by Southern Cancer Center, a prominent specialty provider in the area that is part of US Oncology. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $6.5 billion in medical and veterinary real estate transactions. This marks Montecito’s second transaction of the year. “This acquisition is a prime example of the type of opportunities we are pursuing with well-positioned physician... Read More »Schedule a demo
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