The U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Marietta Medical Center in Marietta, Georgia.
Sale Date: November 20, 2015
Building Size: 100,912 SF
Year Built: 1989; Renovated 2012
Occupancy: 92%
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Marietta Medical Center. Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group acted as the Seller’s exclusive advisors.
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.
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