Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a three-building oncology MOB portfolio on New York’s Long Island.
The portfolio totals 72,638 square feet of rentable space and is fully leased to New York Cancer & Blood Specialists, one of the region’s most prominent oncology and hematology providers. The buildings are located in Port Jefferson, Southampton, and Research Ridge.
“We’re proud to add these assets to our portfolio and to begin a long-term partnership with an outstanding medical group serving patients across New York,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
New York Cancer & Blood Specialists operates over 40 locations throughout New York City, Long Island, and the Hudson Valley. The practice is a founding member of OneOncology, a national alliance of leading community oncology practices focused on advancing cancer care through innovation, technology, and clinical research.
“This acquisition represents our company’s entry onto Long Island, and we are excited to expand our nationwide footprint into this important market area,” said Chip Conk, CEO of Montecito Medical.
