{"id":1004704248,"date":"2024-03-01T11:44:17","date_gmt":"2024-03-01T19:44:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004704248"},"modified":"2024-03-01T11:44:19","modified_gmt":"2024-03-01T19:44:19","slug":"montecito-medical-expands-with-richmond-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/","title":{"rendered":"Montecito Medical Expands With Richmond Acquisition"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3593db7e265&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004704287\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/virginia-womens-center-image-courtesy-of-montecito-medical-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310-edited.png\" data-orig-size=\"501,376\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Virginia Women&#8217;s Center. Image courtesy of Montecito Medical\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310-edited.png?w=501\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310-edited.png\" alt=\"Exterior of Virginia Women's Center\" class=\"wp-image-1004704287\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310-edited.png 501w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310-edited.png?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond. <em>Image courtesy of Montecito Medical<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Montecito Medical<\/strong> has acquired a medical office building in Richmond, Va. A private investor sold the 35,000-square-foot asset for $16.6 million, according to Henrico County records.  <\/p>\n\n\n\n<p>Senior Associate Alex Vidal and Associate Jacob Halle with <strong>Marcus &amp; Millichap<\/strong>\u2019s National Healthcare Real Estate Sales Group represented the seller in the transaction.<\/p>\n\n\n\n<p>The two-story building is fully occupied under a long-term lease by Virginia Women\u2019s Center, a women\u2019s health services provider in the Richmond area. Medical services at the clinic include gynecology, obstetrics, urogynecology, breast health\/mammography, menopause management, mental health, weight and wellness, bone health\/density, as well as surgeries and procedures.<\/p>\n\n\n\n<p>The health center is situated in the city&#8217;s Short Pump suburb, at 12129 Graham Meadows Drive. The property provides easy access to U.S. Route 250 and Interstate 64, and is less than 16 miles northwest of downtown Richmond. Medical providers in the surrounding area include VCU Health Ambulatory Surgery Center, MEDRVA Surgery Center at West Creek and AFC Urgent Care Short Pump, among others. Besides Richmond, Virginia Women\u2019s Center also operates in Kilmarnock, Mechanicsville and Midlothian.<\/p>\n\n\n\n<p>As of late February, 13 other medical office properties had changed hands year-over-year in the Richmond market, totaling 284,769 square feet, according to CommercialEdge data. The transaction volume amounted to $26.4 million.<\/p>\n\n\n\n<p>The same source shows that <a href=\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-grows-virginia-footprint\/\">Montecito Medical <\/a>owns eight other medical office facilities in the Richmond area, with a combined footprint of 430,666 square feet. The portfolio includes another property partially occupied by Virginia\u2019s Women\u2019s Center. The company acquired the 91,186-square-foot building in 2021 for $32.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virginia Women\u2019s Center fully occupies the property.<\/p>\n","protected":false},"author":2829,"featured_media":1004704249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,11,21742,36153],"tags":[34836,35085],"class_list":["post-1004704248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-midatlantic","category-latest","category-richmond-hampton-roads","tag-marcus-millichap","tag-montecito-medical"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montecito Medical Expands With Richmond Acquisition - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Montecito Medical Expands With Richmond Acquisition\" \/>\n<meta property=\"og:description\" content=\"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-01T19:44:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-01T19:44:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png\" \/>\n\t<meta property=\"og:image:width\" content=\"502\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/\",\"name\":\"Montecito Medical Expands With Richmond Acquisition - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png\",\"datePublished\":\"2024-03-01T19:44:17+00:00\",\"dateModified\":\"2024-03-01T19:44:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png\",\"width\":502,\"height\":376,\"caption\":\"The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Montecito Medical Expands With Richmond Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Montecito Medical Expands With Richmond Acquisition - Commercial Property Executive","description":"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Montecito Medical Expands With Richmond Acquisition","og_description":"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.","og_url":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-03-01T19:44:17+00:00","article_modified_time":"2024-03-01T19:44:19+00:00","og_image":[{"width":502,"height":376,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png","type":"image\/png"}],"author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/","url":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/","name":"Montecito Medical Expands With Richmond Acquisition - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png","datePublished":"2024-03-01T19:44:17+00:00","dateModified":"2024-03-01T19:44:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"Montecito Medical has acquired Virginia Women\u2019s Center, a medical office building in the Short Pump suburb, some 16 miles from Richmond, Va.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png","width":502,"height":376,"caption":"The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/montecito-medical-expands-with-richmond-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Montecito Medical Expands With Richmond Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Virginia-Womens-Center.-Image-courtesy-of-Montecito-Medical-e1709198986310.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004704248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004704248"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004704248\/revisions"}],"predecessor-version":[{"id":1004704632,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004704248\/revisions\/1004704632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004704249"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004704248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004704248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004704248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}