The Offering
- Offering Price: $1,700,000
- Building Size: 6,020 RSF
- Address: 174 Highland Crossing South, East Ellijay, GA
- Year Built: 2010
- Occupancy: 100%
- In-Place NOI: $102,159
- In-Place Cap Rate: 6.0%
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer 174 Highland Crossing MOB (the “Property”), the new location for Piedmont Physicians of East Ellijay, for purchase. Piedmont Physicians of East Ellijay is part of Piedmont Healthcare’s Piedmont Physicians Group, a multi-specialty physician group with more than 150 primary care doctors and 50 specialists practicing in over 50 locations throughout Atlanta and surrounding communities.
Built in 2010, the 6,020-square foot facility is 100% leased to Piedmont Medical Care Corporation (which also operates under the name Piedmont Physicians Group). The recently commenced 10-year lease term is fully guaranteed by Piedmont Healthcare, Inc. (Moody’s ‘Aa3’).
Investment Highlights
- 100% Leased Through August 2025 With Stable Cash Flow
- Investment Grade Health System Tenancy
- Strategic Hospital Growth Plan
- Easily Accessible, Well-Retailed Location
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Sabrina Solomiany
Associate Director
+1 404 812 5109
sabrina.solomiany@cbre.com
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