27,606-square-foot property is 100% leased
A medical office building in Chesterfield County sold for $12.25 million, Cushman & Wakefield | Thalhimer announced March 23.
Located at 7300 Ashlake Parkway, the 27,606-square-foot property is 100% leased to four tenants: Vital Care Family Practice, LabCorp, James River Cardiology and Absolute Dermatology & Skin Cancer Center.
Nashville, Tennessee-based Montecito Medical Real Estate bought the property from an entity managed by Henrico County-based Stanley Shield Partnership. Catharine Spangler and Eric Robison of Cushman & Wakefield | Thalhimer’s Capital Markets Group and Birck Turnbull in Thalhimer’s Richmond office represented the seller.
Montecito Medical owns several medical office buildings in Virginia and recently purchased a Virginia Beach one for $21 million.