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Chesterfield medical office building sells for $12M

27,606-square-foot property is 100% leased

//March 25, 2022//

Chesterfield medical office building sells for $12M

27,606-square-foot property is 100% leased

//March 25, 2022//

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A in sold for $12.25 million, Cushman & Wakefield | 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 ‘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.

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