Montecito Medical Real Estate acquired the office building housing Phoenix-based The Retinal Consultants of Arizona and Retinal Research Institute.
Here's what you should know:
1. The two-story office building is 36,796 square feet.
2. The building was constructed in 1988 as a fitness center and renovated in 2017 to serve as the Retinal Consultants of Arizona's headquarters.
3. RCA occupies 72 percent of the building. The group rented out the remaining space to Phoenix-based Spectra Eye Institute, a surgery center.
4. Montecito Medical CEO Chip Conk said, "We are very excited about aligning with one of the largest and renowned ophthalmology groups in Arizona and expanding our presence in the Phoenix market. This exceptional property represents the 11th medical office building our company has acquired in 2018 and perfectly complements our strategy and growth projections."