Moraine pet clinic property sold for $5M

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Moraine pet clinic property sold for $5M

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MedVet Associates LLC in Moraine told this news outlet in 2016 that it would add 15 jobs in three years as part of a 10-year tax abatement deal with the city. NICK BLIZZARD/STAFF

The property of the Med Vet veterinary health center in Moraine was recently sold for nearly $5.1 million, local property records show.

Broadstone MV Portfolio LLC bought the MedVet property — the clinic building and nearly 2 acres of property — at 2714 West Springboro Pike from MVA Real Estate Group Ltd for $5,094,557, according to Montgomery County property records. The sale was recorded Tuesday.

The veterinary clinic was built in 1988.

In 2016, Moraine city leaders approved a 10-year tax abatement for the business, paving the way for an expected $3.6 million expansion.

MedVet principals had looked at other sites in the Dayton area, including near Interstate 75 near downtown Dayton and along I-675.

But the business chose to stay in Moraine, where it was to add 15 jobs over three years at a location that at the time employed about 80 people, Jennifer Kerestan, senior vice president of operations for MedVet, told the Dayton Daily News in 2016.

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