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Atlanta & Southeast  + Southeast  + Office  |  June 28, 2019
David Cohen
By: David Cohen

Bear Real Estate Arranges $7M+ Sale of MOB in SC

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.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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