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Atlanta & Southeast  + Healthcare  |  March 5, 2021
David Cohen
By: David Cohen

Stan Johnson Co. Brokers $10M Sale of Medical Office Building in North Carolina

Investment sales brokerage firm Stan Johnson Co. has arranged the $10 million sale of a multi-tenant medical office building in Fayetteville, N.C.

Located at 3401 Village Drive, the 28,434-square-foot building features both medical and traditional office space and is currently fully leased to three tenants. The tenant roster includes the U.S. General Services Administration, the State of North Carolina Department of Revenue and Piedmont Physical Therapy Specialists. The property was built in 2017 and is located in a dense medical and office district immediately adjacent to the Cape Fear Valley Medical Center, a 200-bed acute care facility that treats more than 1.0 million patients annually.

Scott Briggs of Stan Johnson Co. represented the seller in the transaction, an individual investor and developer located in the state. The buyer was an out-of-state private fund.

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Stan Johnson's Briggs

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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