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LOS ANGELES-Montecito Medical, a real estate acquisition and deposition company specializing in medical buildings, has acquired a 51,342-square-foot outpatient surgery and oncology treatment facility across from the UCLA Santa Monica Medical Center in Santa Monica. Montecito Medical purchased the facility for $54.7 million through credit tenant lease financing with an interest rate of 4.627%. The Regents of the University of California have already signed on to lease the space through 2042, the full term of the 29-year loan.

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