Stan Johnson Company Coordinates Sale of Two Healthcare Properties Near Charlotte, North Carolina for a Combined $14.0 Million

Two Healthcare Properties Near Charlotte, North Carolina

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of two healthcare assets near Charlotte, North Carolina. The multi-tenant medical office building located at 4315 Physicians Boulevard in Harrisburg, North Carolina totaled 23,276 square feet and was anchored by Atrium Health. The 18,876-square-foot single-tenant property at 8560 Cook Street in Mount Pleasant, North Carolina was fully leased by Cabarrus Family Medicine, an affiliate of Atrium Health. Stan Johnson Company’s Colin Cornell coordinated the transactions which totaled $14.0 million across the two properties. Main Street Medical Property LLC, a developer based in Albemarle, North Carolina, sold the assets, with Healthcare Realty Solutions, a local private equity group, acquiring them.

“This sale was conducted off-market, with the challenge being that the seller was only interested in an offer that entailed both assets,” said Cornell, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “Normally, we may see different buyer types for a multi-tenant medical office building and a single-tenant healthcare net lease asset. However, the buyer who closed on the transaction was attracted to both assets as they have a strong relationship with Atrium Health and geographical ties to the Southeast region.”

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.