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

Property Image
SOLD
$15,590,000

Florida

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Medical Office33,429 SF
Sold 11/17/2025
the dealdetailscomps
Property Image
SOLD

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

7051 Southpoint Parkway

See Similar Deals
Medical Office33,429 SF
Sold 11/17/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$466
Total Square Footage:33,429 SF
Transaction Type:Sale

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 Trust
BROKERAGE
Montecito Medical Real Estate
Montecito Medical Real Estate
BUYER
HT
Healthcare Realty Trust
SELLER

Details

SOLD
IMAGE: Chip Conk & Peter Scott DATE: 11/17/2025 ADDRESS: 7051 Southpoint Parkway MARKET: Jacksonville ASSET TYPE: Medical Office BUYER: Chip Conk - Montecito Medical Real Estate (@MontecitoMedical) SELLER: Peter Scott - Healthcare Realty Trust SALE PRICE: $15,590,000 SF: 33,429 ~ PPSF: $466 NOTE: Montecito Medical Real Estate bought a Southside Jacksonville medical office building for $15.59M from Healthcare Realty Trust, which had acquired it in 2022 for $18.19M.The 7051 Southpoint Parkway property, home to several medical practices, becomes Montecito’s second Florida medical office asset as it expands its 21-state portfolio.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$831,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,387.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,904.55
Annual Debt Service$886,854.64