June 28, 2019
Bear Real Estate Advisors arranged the $7.3 million sale of a 20,000-square-foot medical office building in Florence, SC. Located at 400 N. Cashua Dr., the property is currently fully occupied by Carolina Centers for Sight, a surgical ophthalmology practice. Carolina Centers for Sight is a partner of Eye Health America, which leases the building on a 15-year term.
Matt Bear of Bear Real Estate Advisors represented the seller, Dr. Sam Seltzer of Eye Surgery Associates, in the transaction. The property was acquired by Block Funds.
“This single-tenant investment property is on a long-term lease and is occupied by one of the most highly regarded ophthalmology practices in the Carolinas,” said Bear. “It also benefits from its real estate asset class as a medical property, which is in high demand due to the aging of America.”
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