Terravet Completes $6 Million Acquisition of Oakdale Veterinary Group's Purpose-Built Facility in California's Central Valley

BALA CYNWYD, Pa.--(BUSINESS WIRE)--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, California.

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.

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.

About Terravet Real Estate Solutions

Terravet Real Estate Solutions is a real estate group that owns and manages veterinary properties and certain other healthcare properties across the United States. Terravet owns more than 1.5 million square feet of real estate in over 35 states. Terravet partners with strong veterinary and healthcare operators and provides flexible solutions, including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is comprised of real estate, finance, and operating professionals and brings decades of expertise to the transactions it leads. Terravet is committed to improving health by channeling resources and knowledge to the facilities where care is delivered and to those who deliver the care. For more information, please visit www.terravetrealestate.com.