CBRE Announces 2 California Transactions
CBRE announced that it acted as an advisor for two medical outpatient building (MOB) transactions. On October 21, CBRE reported that it advised on the sale of Creek Medical Buildings, a three-story MOB based in Irvine, California. The price is $16.25 million. Built in 1986, the MOB is fully occupied and comprises 43,374 square feet. The tenants were not disclosed. CBRE National Office Partners’ Anthony DeLorenzo, along with Sammy Cemo, Bryan Johnson and Harry Su of Private Capital Partners, represented the seller in the transaction. The $16.25 million purchase price represents a 5.9% cap rate. The price is roughly $375 per-square-foot. The company also... Read More »
Four Corners Property Trust Acquires Heartland Dental Property
On October 17, Four Corners Property Trust (FCPT) announced that it purchased a medical outpatient building (MOB) tenanted by Heartland Dental. The purchase price is $3.3 million. The property is located in a highly trafficked corridor in Oklahoma and is corporate operated under a triple net lease with approximately four years of term remaining. Nothing else regarding the MOB was disclosed. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company aims to expand its portfolio by acquiring additional real estate to lease, on a net... Read More »
Montecito Medical Makes 25th Acquisition of 2025
On October 14, Montecito Medical Real Estate announced its 25th acquisition of the year with the purchase of a Suwanee, Georgia medical outpatient building (MOB). Terms were not disclosed. The 24,500-square-foot MOB is tenanted by Thomas Eye, a dominant eye care provider in the area. Montecito Medical Real Estate 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. With this transaction, Montecito now owns nearly 40 MOBs in the Atlanta, Georgia MSA. Additionally, in 2025, Montecito Medical has expanded its network by more than... Read More »
CBRE Announces Sendero Capital’s First Acquisition of 2025
On October 6, CBRE announced that it facilitated the sale of a Woburn, Massachusetts medical outpatient building (MOB) to Sendero Capital. The MOB is a fully leased, multi-specialty, Class A facility that comprises 76,701 square feet. The MOB is anchored by Winchester Hospital, a member of Beth Israel Lahey Health, which operates multiple high acuity uses at the property including imaging and laboratory services, integrative therapy and a Breast Care Center. The remaining space is occupied by Excel Orthopedic Specialists, a regional center that specializes in orthopedic surgery, rehabilitation therapy and imaging services such as digital X-ray, musculoskeletal ultrasound, CT and... Read More »
Montecito Medical Announces 24th Acquisition of the Year
On October 7, Montecito Medical Real Estate announced that it acquired another medical outpatient building (MOB) with the purchase of a San Antonio, Texas facility. Terms were not disclosed. The MOB is tenanted by CHRISTUS Trinity Clinic, part of CHRISTUS Health, which operates a 150-bed hospital nearby. The square footage of the MOB was not disclosed. 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. “We are pleased by this opportunity to build on our relationship with CHRISTUS Health and add another... Read More »Schedule a demo
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