A local investor acquired a medical office in Hampstead for $2.54 million earlier this month.

DaVita Dialysis, a national kidney care provider, has occupied the just over 7,900-square-foot medical building at 22804 U.S. 17 since 2015, according to a news release announcing the sale. 

KY Young Investment Partners LLC, an out-of-state, family-owned investment group, sold the property and the surrounding 2.89 acres in a transaction that closed on May 8. Real estate investment services firm Marcus & Millichap represented the seller.

Deed records show Charles Rabinowitz and his son, Michael Rabinowitz, both trustees of the Charles Rabinowitz Living Trust, purchased the property. The purchase is a “strategic acquisition” for Charles Rabinowitz, whose “real estate portfolio continues to grow across Southeastern North Carolina,” according to the release.

Ginny Dunn of Maus, Warwick, Matthews & Co. represented the buyer. She said she’s seeing demand in the market for medical office buildings.

“Medical real estate assets anchored by national providers like DaVita remain highly desirable, especially in growing communities like Hampstead,” Dunn wrote in the release. 

The sale “underscores continued investor interest in mission-critical healthcare real estate, particularly properties backed by established tenants with long-term operating histories,” the release stated.

DaVita has two five-year renewal options left on its lease, Dunn said. The company has over 3,100 outpatient dialysis centers worldwide, including 2,660 in the United States. It currently holds approximately 37% of the U.S. dialysis market share.