The Oakdale Veterinary Group (OVG) facility in Oakdale, California, has been sold for $6 million. The 12,861-square-foot property, completed in May 2023, supports a long-established veterinary practice that has served the community for more than 45 years. Google Street View photo

Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has finalized the $6 million acquisition of a facility operated by Oakdale Veterinary Group (OVG) in Oakdale in Stanislaus County.

The 12,861-square-foot property, completed in May 2023, supports a long-established veterinary practice that has served the community for more than 45 years. As part of the transaction’s closing, Terravet ensured uninterrupted operations for another decade by amending the lease to extend OVG’s tenancy and reduce landlord obligations.

“OVG’s new facility is one of the most advanced veterinary properties in the Central Valley, and securing it ensures long-term stability for a practice that has provided trusted care to generations of Oakdale pet owners,” said Daniel Eisenstadt, CEO of Terravet. “It also strengthens our portfolio with an asset that aligns with our strategy of acquiring modern veterinary facilities backed by proven operators.”

The purpose-built facility was commissioned to expand medical capacity and support OVG’s growth. It includes 10 exam rooms, three surgical suites, large surgery theaters, a CT imaging unit and kennels without bars, along with enhanced treatment areas, outdoor spaces for pets and a spacious lobby with ample seating.

OVG now operates with a team of eight doctors and 45 full-time staff providing general practice, emergency, and specialty care to more than 7,000 clients. The practice, located in a commercial corridor with corporate offices, distribution hubs, and manufacturing facilities, adds to Terravet’s presence in the Central Valley, where the company also owns two properties in nearby Modesto, according to a news release.

Terravet’s investment in the Oakdale facility reflects its ongoing focus on acquiring institutional-grade veterinary properties with geographic relevance and long-term performance potential. The company now owns and manages more than 165 veterinary properties totaling over 1.5 million square feet nationwide, including recent additions in Marietta, Georgia; Hernando, Mississippi; and the Seattle metro area.

Terravet owns more than 1.5 million square feet of real estate in over 35 states. The Terravet team is comprised of real estate, finance and operating professionals and brings decades of expertise to the transactions it leads, according to the release.