Montecito Medical, an owner of medical office properties throughout the United States, has acquired Ascension St. Mary’s Medical Office Building located in Mequon, Wisconsin.
The property offers 30,000 square feet of space and is fully leased to Columbia St. Mary’s Inc, a part of the Ascension Wisconsin Health System. The firm and property offer a variety of services including primary care, dermatology, cardiology, surgery for skin, and diagnostic radiology.
“This represented an excellent opportunity for us to acquire a brand-new asset in an extremely attractive submarket area, and to build on a relationship with one of the nation’s largest and most respected health systems,” said Tyler Rhoades, director of acquisitions at Montecito Medical.
“For us, 2021 marked the fifth consecutive year that we’ve shattered our previous record for acquisitions,” said Montecito CEO Chip Conk. “And we already have a robust pipeline for 2022.”