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News Release: Vitalis Acquires Off-Market MOB for $7,050,000 in Columbus, OH.

COLUMBUS, Ohio, Sept. 15, 2022 — Vitalis acquired a 19,210 SF Surgical Dermatology and ASC facility located at 428 County Line Rd W, Westerville, OH 43082. The building sold for $7,050,000 or $367 / SF. The Tenant, Qualderm Partners, occupies 100% of the facility on a long term NNN lease. The purpose built facility offers Moh’s & reconstructive plastic surgery as well as dermatology services. The surgeons who sold the building to Vitalis recently made capital improvements including a new roof and parking lot.

“Qualderm’s Westerville location serves patients all over central Ohio resulting in exceptional patient volumes” says Managing Director Elliot LaBreche. “Additionally, we are bullish on the Columbus metro as the region attracts significant high tech manufacturing investments in the semiconductor and EV battery industries.”

Vitalis is poised to grow in the region with two more assets under contract and closing in Ohio in 2022. The firm plans to accelerate the pace of acquisitions in Top 50 metropolitan areas as sellers begin to accept lower valuations as a result of economic uncertainty and volatility in the capital markets.

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About Vitalis:

Elliot LaBreche is the founder of Vitalis, a vertically integrated real estate investment company focused on medical office and life science investment sales, acquisitions, and leasing across the US.

About Advenir:

Stephen Vecchitto, founded Advenir in 1996 and serves as the company’s Managing Director. Advenir acquires, develops, and manages multi-family and single-family rental communities on behalf of high net worth and institutional investors. Advenir’s current multi-family portfolio consists of 15,000 units valued at over $3 Billion.

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