CBRE Capital Markets | Healthcare and Life Sciences
ROYSTON HEALTH CAMPUS
Property Size: 20,220 SF
CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Royston Health Campus (the “Property”), located in Royston, Georgia. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley and Sabrina Solomiany acted as the seller’s exclusive advisors.
Royston Health Campus is a 100% leased Medical Office Building (MOB) strategically located approximately 30 miles northeast of Athens, Georgia. The Property serves patients from a wide area including Franklin, Madison and Hart counties and benefits from its position on State Road 29, within 1 mile of over 330,000 square feet of retail space.
Royston Health Campus is anchored by Piedmont Athens Regional Medical Center, who leases 71% of the Property. The tenant is a subsidiary of Piedmont Healthcare (Moody’s: A1), one of the premier healthcare systems in the region, which generated more than $3 billion in revenues for the 2018 fiscal year. Piedmont Athens Regional Medical Center is a 359 bed acute care hospital, one of the largest not-for-profit hospitals in Northeast Georgia which serves a 17-county area. Piedmont has a Certificate of Need (CON) for the operation of their state-of-the-art imaging center at this location, with services that include, diagnostic imaging, ultrasounds, CT scans, MRIs, mammograms, and 3D mammogram technology.
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