Montecito Buys Portland-Area MOB

Built in two phases between 1996 and 1999, the 90-employee facility comprises a CT scanner and a fully digital radiology department.

Montecito Medical Real Estate has bought WVP The Doctors’ Clinic, a 34,554 square-foot, two-story medical office building in Salem, Ore., located at the intersection of Skyline Road and Kuebler Boulevard.

Constructed between 1996 and 1999, the building is fully occupied by WVP The Doctors’ Clinic. Founded in 1903, the facility specializes in a variety of procedures, including family medicine, internal medicine, cardiac testing, lab work and minor surgery. Having 90 employees, including 20 medical providers, 14 physicians, three physician assistants and three nurse practitioners, the building also contains a CT scanner and a fully digital radiology department.

“The physician owners of Doctors’ Clinic Building Co. carefully considered multiple offers and were deeply satisfied with Montecito as a purchaser both in terms of the comprehensive offer and because of Montecito’s mission as an owner of medical real estate,” said Steven Nord, administrator of The Doctors’ Clinic Building Co., in a prepared statement.

The asset is approximately 50 miles south of Portland, Ore. Kaiser Permanente is also located nearby.