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7051 Southpoint Parkway

Chip Conk Of Montecito Medical Real Estate Acquires Medical Office In Jacksonville For $15.59M
SOLDMedical Office

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

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.

Players

HT
Healthcare Realty TrustBrokerage
HT
Healthcare Realty TrustSeller

Jacksonville Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

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