Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Metro Atlanta Class A MOB Sells for $428/SF
Transwestern Real Estate Services brokered the sale of a Class A, 26,216-square-foot medical office building at 2976 Chapel Hill Road in Douglasville, GA. Senior Managing Directors Kevin Markwordt and Steve Hall represented the seller, WDG Real Estate Partners, in the transaction to LOR-PUC Douglasville LLC for $11.2 million, or $428 per square foot.
Redeveloped and expanded in 2023 to Class A finishes, the 100-percent occupied property is anchored by Piedmont Healthcare, offering an extensive range of medical services, including outpatient orthopedics, cardiology and primary care.
“2976 Chapel Hill Road appealed to investors seeking a high-quality medical office building with strong nearby amenities, immediate freeway access, excellent site visibility and a stable income stream from investment grade-credit tenancy,” said Markwordt.
The medical building is strategically positioned in a highly trafficked, dense retail corridor with five million square feet of product. There are nearly 100,000 residents within five miles.
- ◦Sale/Acquisition