North Carolina orthopedic MOB and ASC properties sold for $23.7M — 4 things to know

Alan Condon -   Print  |

Nashville, Tenn.-based Montecito Medical Real Estate purchased an orthopedics-focused medical office building and ASC in Leland, N.C., for $23.7 million, Connect Atlanta Commercial Real Estate News reported Jan. 19.

Four things to know:

1. The 55,590-square-foot property was built in 2019 for Raleigh, N.C.-based EmergeOrtho, which occupies 100 percent of the building, according to the report.

2. Montecito previously acquired three medical office buildings involving EmergeOrtho, which rebranded from OrthoWilmington in 2016.

3. Coldwell Banker Commercial brokered the deal.

4. The seller was not disclosed.

More articles on orthopedics:
Outpatient migration will push more ASCs to invest in robotics, says Dr. Vladimir Sinkov
DOJ recovers $2.2B under False Claims Act — 2 orthopedic cases at center of FY 2020
Spine surgeon began using robot 1 year ago; now uses it in half of cases

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