Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new, fully occupied medical office building in the Indianapolis area.
The property, located in the affluent suburb of Zionsville, encompasses 12,294 square feet. The building, completed in 2020 and 100% leased, is the new location for a successful and well-established primary care provider in Zionsville.
“The Zionsville location represents the fourth medical office asset we have acquired in this area, so we are obviously very bullish about Central Indiana,” said Chip Conk, CEO of Montecito Medical Real Estate. “We are proud to own this beautiful, brand-new building with one of the most desirable locations in the whole Indianapolis area.”
The property is advantageously located at 10649 Bennett Parkway on Indianapolis’ northwest side, near the junction of US Highway 421 and Interstate 465 and close to both sizable residential and busy commercial areas. Zionsville, with a population of 26,000, is one of Indiana’s most affluent communities. It has been rated as the safest, most family-friendly and most successful city in the state, and as one of the five best cities to live in Indiana.
In December 2020, Montecito acquired two other primary care medical office facilities in the area, on Marsh Road on the northwest side of Indianapolis and in Franklin, Indiana.