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Montecito Medical Real Estate Buys Fully Leased Medical Office Building Near Indianapolis

Local Developer Sells American Health Network for $7.7 Million
The 20,600-square-foot medical office building in Lebanon, Indiana, is leased to American Health Network. (Quantum)
The 20,600-square-foot medical office building in Lebanon, Indiana, is leased to American Health Network. (Quantum)
By Nicholas Boyd
CoStar Research
December 26, 2019 | 4:01 P.M.

Montecito Medical Real Estate, a real estate investment trust, has purchased a fully leased medical office building in Lebanon, Indiana, from Indianapolis-based TWG Development for $7.7 million, or about $374 per square foot.

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