Wednesday, April 27, 2022

Stan Johnson Co. Brokers $8 Million Sale of Dental Office in Charleston, SC Suburb

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.

 

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.

15,030-square-foot healthcare facility
 leased to Coastal Kids Dental and Braces
 at 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)

david@ebelingcomm.com

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.”

 www.stanjohnsonco.com.

 

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