Montecito Medical Acquires Florida-based Medical Office Building

Montecito Medical Acquires Florida-based Medical Office Building

On August 3, Montecito Medical Real Estate announced it acquired a medical office building (MOB) in Lithia, Florida for an undisclosed price. According to the LevinPro HC database, this marks the 22nd MOB transaction of Q2:22 and the 119th MOB deal of the year. 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. The 37,000-square-foot building, which opened in 2021, is fully occupied under a long-term lease by Orthopaedic Medical Group of Tampa Bay. This acquisition expands Montecito’s footprint in the Tampa-St. Petersburg area.... Read More »
Seavest Healthcare Properties acquires Manhattan medical office building

Seavest Healthcare Properties acquires Manhattan medical office building

On July 20, Seavest Healthcare Properties, a subsidiary of Seavest Investment Group, announced that it acquired a medical office building (MOB) in Manhattan for an undisclosed price.  The eight-story, 57,000-square-foot medical office building is anchored by NYU Langone Health, which offers a wide range of primary and specialist-based healthcare services.  Seavest Healthcare Properties invests in the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. This acquisition continues... Read More »
Montecito Medical Acquires MOB in Fayetteville, Arkansas

Montecito Medical Acquires MOB in Fayetteville, Arkansas

Montecito Medical Real Estate completed the acquisition of a medical office building (MOB) on July 12th in Fayetteville, Arkansas. The two-story, 19,000-square-foot building is fully occupied under a new, long-term lease by Northwest Arkansas Pathology Associates, which provides pathology services to 12 hospitals and more than 100 clinics and outpatient facilities throughout northwest Arkansas and eastern Oklahoma. In addition to the main building, the property also includes a 2,500-square-foot back building. With 22% growth since 2013, the Fayetteville-Bentonville-Rogers-Springdale MSA, commonly known as northwest Arkansas, is one the nation’s fastest growing markets. The area enjoys per... Read More »
Montecito Medical Acquires Florida-based Medical Office Building

Big Sky Medical Real Estate Acquires 2 Tampa Area Medical Office Buildings From Harrod Healthcare Real Estate

Dallas-based Big Sky Medical Real Estate, whose key management has more than $2 billion in healthcare-related real estate investment experience, has acquired two medical office buildings (MOB) in the Tampa, Florida, MSA from Harrod Healthcare Real Estate. The buildings are in Brandon and Plant City, Florida, and contain a combined 75,000 square feet of space with tenants focusing on the medical and life science sectors. Terms of the deal were not disclosed. Big Sky’s investment focus can be found throughout the Southwest, Southeast, Midwest and Mid-Atlantic regions. Chicago-based JLL represented Harrod Healthcare Real Estate in the transaction. According to the LevinPro HC database, this... Read More »
Marcus & Millichap Brokered $6.6 Million MOB Sale in La Porte, Indiana

Marcus & Millichap Brokered $6.6 Million MOB Sale in La Porte, Indiana

Marcus & Millichap, a California-based commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced on June 14 it brokered a $6.6 million sale of a 16,700-square-foot medical office building (MOB) in La Porte, Indiana. Constructed in 2011, the MOB is fully occupied by Northwest Health, a subsidiary of Community Health Systems. The building has a full-service sports medicine clinic with a surgery center, imaging room and aquatic therapy pool. Marcus & Millichap’s Frank Roti and Brett Rodgers, first vice presidents of investments, represented the seller, an Indiana-based developer, and procured the buyer, an... Read More »
Montecito Medical Acquires MOB in Fayetteville, Arkansas

Montecito Medical Acquires Three Medical Office Building Portfolios in June

Montecito Medical Real Estate has had an active June, purchasing three medical office building (MOB) portfolios in Georgia, Nevada and Virginia.  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. Montecito acquired a 27,606-square-foot MOB in Chesterfield, Virginia, on June 3, for $12.25 million from Stanley Shield Partnership. The building opened in 2018 and is 100% leased to four tenants: Vital Care Family Practice; LabCorp; James River Cardiology; and Absolute Dermatology & Skin Cancer Center. The providers at the... Read More »