Five dental properties housing Dental Care Alliance-affiliated practices in Massachusetts were recently sold in a $5.9 million deal, Boston Real Estate Times reported Nov. 9.
The transaction includes four dental office condominiums and a freestanding dental office building, which were acquired by two separate buyers. The properties are located in Westfield, Springfield, Greenfield and Ludlow, Mass.
Investors were attracted to the properties based on Dental Care Alliance’s established presence and the specialized nature of the practices, according to Kobe Gaskin of Marcus & Millichap, which brokered the deal.
The buyers plan to hold the properties as long-term investments.
Marcus & Millichap has also reported continuous demand for specialized healthcare properties despite uncertainty in commercial real estate financing markets.
