Montecito Medical, an owner of medical office properties across the United States, has purchased a 68,000 square foot building in Phoenix, Arizona.

The Akos Medical Office Building is a fully leased, three story building that houses a multi-specialty ambulatory surgery center, an imaging suite, a specialized cardiovascular ASC, pharmacy, urgent care and clinical office space.

The property is master-leased by Apricus Health, a fully integrated health system manager. The firm is a part of a provider network consisting of 600 physicians and 1000 partner providers.

“We are grateful to Montecito for their help and support that allows us to better serve our community in the West Valley and meet a lot of their healthcare needs in one medical campus,” said Dr. Kishlay Anand, founder of Apricus Health. “Apricus is excited to continue to partner as we grow across multiple states.”

“We regard the Akos Medical Office Building as a strategic acquisition in a key market,” said Chip Conk, CEO of Montecito Medical. “We are excited that more and more provider groups are choosing Montecito to help them make the most of their medical real estate.”