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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 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.

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