Montecito Medical Real Estate completed the acquisition of an ophthalmic clinic and surgery center in Sterling Heights, Michigan.
The 16,709 square-foot facility, built in 1990, is occupied under long-term lease by Vision Institute of Michigan, a specialty provider in the suburban Detroit area. The group’s ambulatory surgery center, Surgery Center of Michigan, accounts for roughly one-fourth of the total square footage in the building.
At the Sterling Heights location, Vision Institute of Michigan provides a wide range of services, from eye exams to diagnostic imaging, laser vision correction, cataract surgery and oculoplastic procedures. As part of its commitment to dual sensory wellness, the group also provides audiology and hearing services.
The property is strategically located just off Michigan Highway 59 in an area known as the “Golden Corridor” because of its volume of commercial development. The five-mile stretch of freeway sees more than 100,000 vehicles per day, has more than 6 million square feet of commercial space and attracts about $2.6 billion in annual consumer spending.