Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a 22,100-square-foot medical office building in the St. Louis, Missouri, metro area.
The property is fully occupied by St. Louis Heart & Vascular, a full-service cardiology and vascular practice.
“We are excited to add this property to our portfolio and to enter into a long-term relationship with a leading specialty provider group in the St. Louis market area,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
Established in 1993, SLHV is the region's largest independent, full-service cardiology and vascular practice, with seven office locations across Missouri and Illinois.
“With our fourth medical office acquisition in Missouri over the past five years, we are pleased to expand our presence in the state as we continue to pursue opportunities to serve our investors and to help provider groups thrive,” said Chip Conk, CEO of Montecito Medical.
