Press Release
FOR IMMEDIATE RELEASE
The property is 97 percent leased to six tenants
Atlanta – April 14, 2022 – CBRE announced the $7.2 million sale of 6025 Professional Parkway, a three-story medical office building in Douglasville, Georgia. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany, Zack Holderman and Jesse Greshin with CBRE U.S. Healthcare and Life Sciences Capital Markets represented the seller, Georgia-based Valsad Properties. The buyer was not disclosed.
This 21,535-sq.-ft. building is located on the campus of Wellstar Douglas Hospital, a 102-bed acute care facility just 20 miles west of downtown Atlanta. It is 97 percent leased to six diverse and synergistic clinical tenants.
Village Medical, a national healthcare provider with over 200 locations, anchors the building, comprising approximately 41 percent of the rentable area for a primary care practice with five providers. Other specialties offered at the property include diagnostic imaging, orthopedics, pulmonology, nephrology and sleep medicine.
“This transaction exemplifies investor preference for on-campus medical office product,” said Mr. Selbiger, Senior Director at CBRE. “We were able to exceed our client’s pricing expectations through an abbreviated marketing process that brought in offers from multiple qualified investors.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Contact:
Ryan Salchert
+1 919 607 0132
Ryan.salchert@cbre.com
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