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| Teresa Lovely |
HANAHAN, SC -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 15,030-square-foot healthcare facility leased to Coastal Kids Dental and Braces.
The
property is located at 996 Tanner Ford Boulevard in Hanahan, South Carolina, a
northern suburb of Charleston.
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| Jeff Enck |
Stan
Johnson Company’s Jeff Enck and Teresa Lovely represented the
seller, a locally based private investor. The asset was purchased by a group of
1031 exchange investors from California.
The property traded for approximately $8.2 million reflecting a 5.84 percent cap rate.
“We were able to procure multiple offers on the property and ultimately closed with a West Coast 1031 exchange buyer who purchased the asset all-cash,” said Enck, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.
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15,030-square-foot healthcare facilityleased to Coastal Kids Dental and Bracesat 996 Tanner Ford Boulevard, Hanahan, SC
“Medical net lease properties, particularly those with rental increases, continue to be in favor with investors as inflation rises.”
The two-story property was built in 2017 and is situated on 1.52 acres. The flagship location houses the tenant’s dental and orthodontic practice as well as its office support and executive staff.
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member of the National Association of Real
Estate Editors (NAREE)
“PR Strategist for the Commercial Real Estate
Industry: I do what I love and love what I do.”
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