Banner will lease the 73,327-square-foot building back from Montecito.
Banner Health also sold a 70,000-square-foot Phoenix property for $48.5 million to Virtus Real Estate Capital.
It has an additional medical pavilion in Glendale, Ariz., listed for sale as well.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
