The Offering
CBRE is pleased to offer for sale the fee simple interest in the CORE Physicians Medical Office Building (the “Property”) located in Columbia, Tennessee, just 45 miles Southwest of Nashville. The two-story, 22,532 square foot facility was built for CORE Physicians (“CORE”) in 1999, a well-established primary care group with 10 physicians on staff. CORE is currently being acquired by Maury Regional Medical Center and will become of part of its Family Health Group (FHG), comprised of over 100 physicians with specialty areas in Internal Medicine, Family Practice, Endocrinology, Infectious Disease, Neurology, Oncology, Obstetrics & Gynecology, Pediatrics, Urology, Pain Management, Pulmonary Care, and Surgery. Equipped with advanced imaging and diagnostic equipment, as well as a walk-in clinic and pharmacy, CORE provides the highest quality primary care and imaging services (in partnership with Maury Regional Medical Center) to the region.
The strategically located medical office building is situated one mile from Maury Regional Medical Center, a 250-bed hospital with a staff of more than 200 physicians and 2,000 employees. The property will be 100% leased to FHG through August 31, 2021, offering investors a stable medical office investment with an absolute net lease structure.
Offering Information
- Offering Price: $5,483,000
- Building Size: 22,532 SF
- Year Built: 1999
- Occupancy: 100%
- Lease Expiration: 8/31/2021
- Cap Rate: 7.5%
- In-Place NOI: $411,209
Investment Highlights
- Stable Cash Flow with Long-Term Stability
- Strategic Location and Accessibility
- Strong Tenancy
- Absolute Net Lease
- Ample Parking
- Appealing Aging Trends
- Delivered Free and Clear of Any Debt
For More Information
CBRE Investment Contacts
Morgan Hillenmeyer
CBRE Investment Properties – Tennessee Healthcare
+1 615 248 5930
morgan.hillenmeyer@cbre.com
Lee Asher
CBRE U.S. Healthcare Capital Markets
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
CBRE U.S. Healthcare Capital Markets
+1 303 628 1711
chris.bodnar@cbre.com
Bill McKnight
CBRE Debt & Structured Finance
+1 615 248 5941
bill.mcknight@cbre.com
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