Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 20,724-square-foot medical office property in Harrisonburg, Virginia.
The two-story building, which includes an outpatient surgical suite, is tenanted by Hess Orthopaedic Center and Sports Medicine.
“We are thrilled to acquire this outstanding medical property and to enter into a long-term relationship with such a recognized and respected practice group,” said Bryan Brown, Senior Vice President of Acquisitions at Montecito Medical.
Founded in 1971, Hess Orthopaedic Center has provided a full range of orthopedic services for patients in Virginia’s Shenandoah Valley for more than 50 years. The group is the dominant orthopedic provider within a 25-mile radius of Harrisonburg.
The transaction expands Montecito’s extensive Virginia footprint, including five other properties acquired in the past year. “We are gratified by the number of provider groups that continue to choose our company to help them make the most of their real estate as they serve their patients and communities,” said Chip Conk, CEO of Montecito Medical.