CBRE Facilitated $12 Million Sale of San Clemente MOB
CBRE recently negotiated the sale of a 27,535 square foot medical office building (MOB) in San Clemente, California for approximately $12 million, representing a private seller in the transaction. A Southern California-based high-net individual purchased the property. The two-story MOB, built in 2002, is situated on 1.66 acres. The building is 92% occupied, with seven medical tenants, including Children’s Hospital of Orange County and Camino Health Center. The price is $436 per square foot. According to data captured in the LevinPro HC database, this transaction represents the 164th MOB transaction of 2023. This is just slightly slower than last year when there were 168 MOB... Read More »
Flagship Acquires MOB in Fredericksburg, Virginia
Flagship Healthcare Properties announced on October 2 that it has acquired a 38,786-square-foot medical office building (MOB) and ambulatory surgery center in Fredericksburg, Virginia through its private real estate investment fund. SCCV Office Condominium Association sold the Class B asset for an undisclosed price. Fifth Third Bank provided the acquisition financing. Surgi-Center of Central Virginia, an affiliate of United Surgical Partners International, anchors the MOB property. Other tenants include HCA Virginia – Richmond Multi-Specialty, Fredericksburg Foot & Ankle Center and Allergy & Asthma Center of Fredericksburg. At the time of the sale, the building’s occupancy... Read More »
Montecito Medical Acquires MOB in Buffalo, New York
Montecito Medical Real Estate announced on September 28 that it acquired a 15,858-square-foot, two-story medical office building (MOB) in Buffalo, New York. The MOB is leased to WNY MRI a dominant provider of diagnostic imaging services in the Greater Buffalo and Niagara region. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. According to data captured in the LevinPro HC database, this represents the 157th MOB transaction of 2023, as well as Montecito’s 32nd MOB acquisition of the year. This is also the... Read More »
Montecito Medical Acquires Tucson, Arizona MOB
Montecito Medical Real Estate announced on September 21 the acquisition of a 14,000-square-foot medical office building (MOB) in Tucson, Arizona for an undisclosed price. The acquisition of the property expands Montecito Medical’s existing footprint in Arizona. The property is fully occupied by Arizona Urology Specialists, the region’s premier urology practice, serving patients at 10 medical offices throughout Phoenix, Scottsdale, Glendale and Mesa, Arizona. The group uses the MOB property to deliver a variety of urology-related services. The building includes specialized space that houses a Linear Accelerator and CT scanner. Montecito Medical specializes in... Read More »
Montecito Medical Acquires Medical Office Property in Milwaukee MSA
Montecito Medical announced on September 19 its acquisition of The Lincoln Avenue Health Center building in West Allis, Wisconsin. The acquisition of the property expands Montecito Medical’s footprint in the Milwaukee MSA. Financial terms of the deal were not disclosed. The Lincoln Avenue Health Center is a 12,600-square-foot medical office building (MOB). The building is 100% leased to Medical College of Wisconsin, a market-dominant group in the Greater Milwaukee area. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in... Read More »Schedule a demo
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