OFFERS REQUESTED BY THURSDAY, DECEMBER 1ST, 2016 – 5:00 PM EST
The Offering
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Promenade Park Medical & Professional Center (“Promenade Park” or alternatively, the “Property”) for purchase. Promenade Park is a medical office property consisting of 46,341 rentable square feet across four floors. Built in 2000 and renovated between 2011 and 2016, the Property is the premier office destination in the South Fulton submarket, without a true comparable property in a three-mile radius.
Promenade Park is 94.6% leased with approximately 65% leased to medical tenants and the remainder leased to high quality law firms, accounting firms, insurance practices and an award-winning security company. The Property is ideally located proximate to Interstate-285 and Interstate-20 in southwest Atlanta.
Investment Highlights
- Diverse Tenant Mix
- Historically High Tenant Retention
- Recent Capital Improvements
- Proximate to New Atlanta Center for Medical Research
- Terrace-Level Executive Suites
- Small Tenant Footprint
- Development Opportunity
- Easily Accessible, High Traffic Location
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
Investment Summary
| Price | Best Offer |
| Address | 3915 Cascade Road, Atlanta, GA 30331 |
| Building Size | 46,341 RSF |
| Year Built | 2000 |
| Occupancy | 94.60% |
| In-Place NOI | $734,755 |
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
Director
+1 404 812 5109
sabrina.solomiany@cbre.com
CBRE Debt & Structured Finance
Greg Greene
Senior Vice President
+1 214 979 5617
greg.greene@cbre.com
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