CHARLOTTE—Capital Square Realty Advisors has acquired a 20,458-square-foot medical office building in Greenville, N.C. Financial terms of the deal were not disclosed.

Located at 905 Johns Hopkins Drive, the building is 100% occupied by East Carolina University Physicians on a long-term lease. East Carolina uses the healthcare real estate as its Psychiatric Medicine Outpatient Clinic.

“This medical office building is leased on a 10-year term to one of the largest medical practices in Eastern North Carolina and is well located in a busy medical district,” Louis Rogers, founder and CEO of Capital Square, tells GlobeSt.com. “As a nation, Americans are growing older and demanding greater healthcare services such as those provided in the residents of Eastern North Carolina in this facility.”

The healthcare real estate is smack dab in the middle of a thriving medical district. The medical office building was originally constructed in 1989 and underwent a comprehensive renovation and expansion in 2012.

ECU Physicians Medical Office Building is affiliated with Vidant Medical Center, one of four academic medical centers in North Carolina, and the flagship hospital for Vidant Health. The medical center serves as the teaching hospital for the Brody School of Medicine at East Carolina University and provides acute, intermediate, rehabilitation and outpatient health services to more than 1.4 million people in 29 counties.