Updated Nov 28, 2025
Chip Conk Of Montecito Medical Real Estate Acquires Medical Office In Jacksonville For $15.59M
7051 Southpoint Parkway
$15,590,000
$466/SF
Building Size
33,429 SF
Asset Type
Medical Office
Closing
Nov 17, 2025
About this deal
AI
The property asset involved in the transaction is located at 7051 Southpoint Parkway in Jacksonville. It is a medical office building that spans 33,429 square feet. The sale price was set at $15,590,000, resulting in a price per square foot of $466.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $15,590,000
- Buyer: Chip Conk - Montecito Medical Real Estate
- Seller: Peter Scott - Healthcare Realty Trust
- Date of Transaction: 11/17/2025
- Market: Jacksonville
- Previous Sale Price (2022): $18,190,000
Montecito Medical Real Estate, represented by Chip Conk, acquired the medical office building from Peter Scott of Healthcare Realty Trust. This purchase marks the expansion of Montecito's portfolio, which now includes two medical office assets in Florida as part of its 21-state operations.
On the Map
$15,590,000
$466/SF
Medical Office
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Players
Jacksonville Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93