For Sale: A Premier Hospital Anchored Medical Office Investment Opportunity

One_Wisteria_Place_eblastThe Offering

CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer One Wisteria Place (the “Property”) for purchase. One Wisteria Place is located off Scenic Highway South in Snellville, Georgia within Gwinnett County. The Property is 90.8% leased to a synergistic mix of tenants with limited near-term rollover. Notable tenants include Children’s Healthcare of Atlanta (Moody’s ‘Aa2’), DeKalb Medical Center (Fitch ‘BBB-’) and Great Expressions Dental Centers. Built in 2005, the facility consists of 41,725 square feet across three floors on a ±2.54-acre site.

One Wisteria Place is strategically positioned 1.5 miles from HCA’s Eastside Medical Center, a 247-bed acute care hospital that offers cancer care, cardiology, diabetes, emergency, behavioral health, orthopaedic and spine, imaging, rehabilitation, respiratory care, surgical, gynecology, wound care, weight loss surgery and a stroke center. The hospital boasts multiple accreditations and includes the Emory Heart & Vascular Center at Eastside.

Offering Information

  • Offering Price: Best Offer
  • Building Size: 41,275 SF
  • Year Built: 2005
  • Occupancy: 90.8%
  • In-Place NOI: $595,321
  • Pro Forma NOI: $596,570

Investment Highlights

  • Investment Grade Health System Tenancy
  • Proximity to Major Medical Institutions
  • High-Caliber, Synergistic Tenant Mix
  • Property Offered Fee Simple
  • Easily Accessible, High Traffic Location
  • Heavy CON Protections in Georgia
  • Appealing Aging Trends
  • Delivered Free and Clear of Existing Debt

Additional Information

Website

Confidentiality Agreement

CBRE U.S. Healthcare Capital Markets Group

Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com

Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com

CBRE Debt & Structured Finance

Greg Greene
Senior Vice President
+1 214 949 5617
greg.greene@cbre.com

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