Montecito Medical has acquired a 23,000-square-foot medical workplace constructing in Midland, Texas. The property options an ambulatory surgical procedure heart and an imaging heart.
Midland Ambulatory Surgical procedure Middle anchors the two-story facility that was totally leased on the time of sale. Different tenants embody Alternative Care Surgical procedure Middle and NuChoice Imaging Middle.
Midland Ambulatory Surgical procedure Middle is a three way partnership involving physicians between Midland Memorial Hospital and United Surgical procedure companions Worldwide. The apply supplies colonoscopy, endoscopy, orthopedics and urology providers.
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Positioned at 2106 Midland Drive, the medical outpatient facility is near Freeway 250 and 11 miles from Midland Worldwide Air & Area Port. Different medical suppliers within the space embody Delight Pediatrics, Basin Dermatology & Beauty Middle and Pedicare Kids’s Clinic.
The Midland buy comes lower than a month after Montecito obtained practically $66 million for the refinancing of Murfreesboro Medical Clinic. The 221,000-square-foot medical property in Murfreesboro, Tenn., is a few 32 miles from downtown Nashville.
Montecito’s current MOB offers
Since its 2006 founding, Montecito Medical Actual Property accomplished greater than $6.5 billion in medical and veterinary actual property transactions. The agency’s portfolio spans 40 states.
Originally of the 12 months, the corporate acquired Chandler Medical Pavilion, a 65,931-square-foot outpatient facility in Chandler, Ariz. A partnership between Unbound Improvement and Webb Investments offered asset that was totally leased on the time of the deal.
Just a few months later, Montecito offered Tosa Well being Middle, a 100,977-square-foot medical constructing in Wauwatosa, Wis., to Hammes Companions. The three-story property was inbuilt 1998.
