The Offering
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer Marietta Medical Center (the “Property”) for purchase. Marietta Medical Center is located adjacent to WellStar Health System’s flagship Kennestone Hospital in the city of Marietta, a suburban hub northwest of Atlanta, Georgia. The five-story, institutional quality medical office building is comprised of 100,912 rentable square feet and features a three-level parking garage. Designed as a comprehensive outpatient destination, the building was completed in 1989 and has had over $1.46 million in renovations including upgrades for LEED Silver Certification.
Marietta Medical Center is 92% leased to prominent healthcare providers and established private practices representing an enviable mix of specialists. Notable primary and specialty care providers in the buildings include Piedmont Medical Care Corp. – Piedmont Healthcare’s (Moody’s ‘Aa3’) physician group, Northside Hospital’s Georgia Cancer Specialists, Quest Diagnostic Labs (Moody’s ‘Baa2’), LabCorp (Moody’s ‘Baa2’), Quantum Radiology, Georgia Hand, Shoulder & Elbow, Georgia Urology and Atlanta Allergy & Asthma.
Investment Highlights
- Adjacent to WellStar Kennestone Regional Medical Center
- Investment Grade Credit and Hospital Tenancy
- Over $1.46 Million in Renovations Including LEED Silver Certification
- High-Caliber, Synergistic Tenant Mix
- Property Offered Fee Simple
- Strategic Location and Accessibility
- Exceptional Marietta Medical Office Market Fundamentals
- Heavy CON Protections in Georgia
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
Offering information
Offering Price: Best Offer
Building Size: 100,912 SF
Year Built: 1989
Renovated: 2012
Occupancy: 92%
In-Place NOI: $1,432,261
Contacts
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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