Nashville, Tenn.-based Montecito Medical Real Estate purchased an orthopedics-focused medical office building and ASC in Leland, N.C., for $23.7 million, Connect Atlanta Commercial Real Estate News reported Jan. 19.
Four things to know:
1. The 55,590-square-foot property was built in 2019 for Raleigh, N.C.-based EmergeOrtho, which occupies 100 percent of the building, according to the report.
2. Montecito previously acquired three medical office buildings involving EmergeOrtho, which rebranded from OrthoWilmington in 2016.
3. Coldwell Banker Commercial brokered the deal.
4. The seller was not disclosed.