Albemarle Eye Center

Four-Property Ophthalmology Portfolio | Eastern North Carolina

Transaction Details

Transaction Value:
$19.5 million

Location:
Elizabeth City, NC

Total Size:
62,316 SF

Properties:
4 Ophthalmology Facilities

Transaction Type:
Portfolio Sale

Specialty:
Ophthalmology & Optical

Key Highlights

Regional Leader

Surgery Centers

Integrated Care

Property Overview

CREG Healthcare successfully represented the seller in the $19.5 million sale of a four-property ophthalmology portfolio in Eastern North Carolina, totaling 62,316 square feet of comprehensive eye care facilities serving the coastal Carolina region.

Transaction Highlights

This premier ophthalmology portfolio represents one of the most comprehensive eye care real estate platforms in Eastern North Carolina. The four facilities include surgical suites for cataract and refractive procedures, comprehensive diagnostic capabilities, and integrated optical dispensaries, serving as the dominant eye care provider across multiple coastal communities.

Property Features

Surgical Capabilities

Multiple locations feature state-of-the-art surgical suites for cataract surgery, LASIK, and other ophthalmologic procedures.

Regional Market Coverage

Four strategic locations providing comprehensive coverage of the Eastern North Carolina coastal market with limited competition.

Integrated Services

Full-spectrum eye care including surgery, medical ophthalmology, optometry, and optical retail under one platform.

Demographic Strength

Serving retirement communities and aging populations with high demand for ophthalmology services and surgical procedures.

Why This Transaction Succeeded

Market Dominance: Portfolio represented the leading ophthalmology platform in the region, attracting buyers seeking established market positions.
Practice Quality: Well-established ophthalmology group with multiple surgeons and long-standing patient relationships.
Demographic Tailwinds: Coastal retirement markets with strong aging demographics driving consistent demand growth.
Integrated Platform: Comprehensive service offering from routine care to complex surgery enhanced portfolio value.
Targeted Marketing: Focused outreach to ophthalmology-specialized investors and healthcare real estate funds.

Transaction Outcome

The portfolio sold for $19.5 million to a specialty medical real estate investor with significant ophthalmology holdings. The transaction showcased CREG Healthcare's ability to maximize value for regional specialty practice portfolios by identifying buyers seeking to expand their ophthalmology platforms in high-growth coastal markets.

"CREG Healthcare's expertise in ophthalmology real estate and their strategic approach to marketing our four-location portfolio resulted in a transaction that far exceeded our initial expectations."

Albemarle Eye Center / Precision Eye Care
Albemarle Eye Center