Med Office Daily - June 18, 2025

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NEWS ROUNDUP

ACQUISITION: Berkadia Medical & Life Sciences announces the sale of APAC surgery center in Crown Point, IN. The 13,200 SF ambulatory facility is fully leased to Advanced Pain and Anesthesia Consultants. Chris Lashmet, Vasili Davos, Sabrina Solomiany, Eric Lee, and George Desloge advised the seller. Built in 2006, the property is part of a four-building medical condominium park in the Chicago MSA.

ACQUISITION: Montecito Medical acquires ambulatory surgical center in Las Vegas. The 33,351 SF property is fully leased to Specialty Surgicare of Las Vegas. The facility, which includes 10 operating rooms, is among the top revenue-generating ASCs in Nevada. This marks Montecito’s eighth medical office acquisition in Las Vegas over the past 30 months. CEO Chip Conk and SVP of Investments Russ Gudnyy represented Montecito Medical in the transaction.

DEVELOPMENT: Novant Health opens new MOB in Wilmington, N.C. The 36,000 SF medical office building is located at 5505 Currituck Drive in Wilmington’s Autumn Hall. The facility houses expanded primary care services and walk-in care through Novant Health ExpressCare, as well as relocated surgical clinics, including colon and rectal surgery, surgical oncology, and maxillofacial surgery. Ernie Bovio represented Novant Health.

DEVELOPMENT: Newport Beach office to become a medical facility. Archer Property Partners and Real Estate Development Associates are converting a 78,000 SF office building in Newport Beach, CA., into a medical outpatient facility. Renamed Newport Irvine Medical Center, the project begins with new parking construction in June and interior renovations in September, targeting completion by spring 2026. MedWest Realty will handle leasing.

FINANCING: Argosy JV secures $34.1M loan for Sacramento MOB. A joint venture between RevOZ Capital and Argosy Real Estate Partners has obtained the construction-to-perm loan for SixSixty, a 124,076 SF MOB in Sacramento, CA. JLL Capital Markets team led by  arranged the seven-year financing through Siemens Financial Services. JLL’s Jeff Sause and John Chun represented the borrower. The Class A property is 97% leased to Sutter Health, which plans to open an Advanced Orthopedics & Sports Medicine Care Complex by late 2027.

MED OFFICE PROPERTIES FOR SALE

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15,604 SF Building (2 Story) | 6.75% Cap Rate | 100% Occupancy

17,665 SF Building (2 Story) | Access to I-12 | 8% Cap Rate

MED OFFICE PROPERTIES FOR LEASE

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5,000-30,816 SF Suites | 116,259 SF Building | Access to Wilmington Intl Airport | Ample Parking

1,381-29,823 SF Suites| 53,000 SF Building | Access to Dallas-Fort Worth Intl Airport & Dallas Love Field Airport | 180 Surface & 50 Covered Parking Spaces

ONE MORE THING

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