A Hanahan medical office building on a shopping center outparcel recently changed hands for $8.225 million.
Harbor Chevrolet Corp. of Long Beach, Calif., bought the 15,030-square-foot healthcare facility leased by Coastal Kids Dental and Braces at 996 Tanner Ford Blvd. in late March, according to Berkeley County land records.
The previous owner of the site in the Lowes Foods-anchored shopping center in Tanner Plantation was North Rhett Ventures LLC, which is affiliated with the owners of the tenant practice.
The two-story property was built in 2017 on a 1.52-acre site. The flagship location houses the tenant’s dental and orthodontic practice as well as its office support and executive staff.
Tulsa, Okla.-based commercial real estate firm Stan Johnson Co. handled the all-cash sale for the seller.
Jeff Enck with the broker’s Atlanta office said the property received multiple offers, but closed with a group of West Coast investors.
“Medical net lease properties, particularly those with rental increases, continue to be in favor with investors as inflation rises,” Enck said.
Another co-working company is coming to Charleston.
Alpharetta, Ga.-based Thrive plans to open in July in part of a four-story office building at 174 Meeting St., just south of the City Market. The company will occupy the third floor.
Thrive currently operates in its home office as well as Milton and Canton, Ga., all in the Atlanta area. It also plans to add five additional sites near the Georgia capital as well in Asheville and Winston-Salem in North Carolina and in Columbus, Ohio.
Thrive is partnering with private equity group 33 Degrees of Scottsdale, Ariz., in an effort to expand to 500 locations eventually throughout the U.S. and Canada.
Thrive’s announcement comes after New York-based co-working space provider Industrious said it has leased two floors in the newly constructed, five-story speculative office building at 677 King St.