South Carolina medical office building acquired for $48M

A medical office building in Columbia, S.C., was acquired by real estate firm Montecito Medical for $48 million, Commercial Property Executive reported Feb. 14. 

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Riz Hatton

The 120,000-square-foot building houses South Carolina Oncology Associates, a cancer treatment center that provides radiation, gynecology, oncology and patient support services.

First Citizens Bank’s Healthcare Finance group provided a $31.2 million loan for the transaction.

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