FCH Medical Building (Photo: CBRE Inc.)
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the FCH Medical Building adjacent to the Piedmont Fayette Hospital campus in Fayetteville, Georgia.
Sale Date: July 16, 2013
Sale Price: $15,900,000
Price PSF: $256
Building Size: 62,106 SF
Year Built: 2004
Occupancy: 100%
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the FCH Medical Building located in Fayetteville, Georgia. The 62,106 square foot, medical office building was constructed in 2004 on a ground lease adjacent to the Piedmont Fayette Hospital campus and is 100% leased. Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group served as the Seller’s exclusive advisor.
The Offering provided the Buyer with a unique opportunity to acquire a stabilized, adjacent-to-campus medical asset anchored by one of Atlanta’s premier providers, Piedmont Healthcare, which occupies approximately 48% of the overall tenancy. The complicated transaction included the assignment of the underlying ground lease, negotiation of a reciprocal easement agreement waiver, and assumption of the underlying CMBS debt.
Piedmont Fayette Hospital, a 172-bed community hospital, has been named one of the nation’s 100 Top Hospitals® five times according to Thomson Reuters
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