For Sale: Piedmont Fayette Hospital Campus MOBs. Two Campus Connected MOBs Featuring 11.9 Years of WALT

Piedmont Fayette Hospital Campus MOBs | Atlanta MSA

Two Class A+ Medical Office Buildings Featuring 11.9 Years of WALT Located on the Campus of the Piedmont Fayette Hospital

The Offering

ADDRESS: 1265 East & 1267 West | Highway 54 W | Fayetteville, GA 30214
OFFER PRICE: Best Offer
PROPERTIES: 2
TOTAL SIZE: 192,363 SF
LEASED: 97%
WALT: 11.9 Years
IN-PLACE NOI: $3,944,300
HEALTH SYSTEM TENANCY: 71%
OWNERSHIP: Leasehold

CBRE U.S. Healthcare & Life Sciences Capital Markets is pleased to exclusively offer the opportunity to acquire the leasehold interest in the Piedmont Fayette Hospital Campus MOBs (the “Portfolio” or “Properties”), a two property, trophy medical office portfolio anchored by a leading, credit rated health system. The Class A+ Properties are directly connected to the high-performing Piedmont Fayette Hospital, a 282-bed award-winning facility with a leading 90% market share within a 10-mile radius. Piedmont Fayette Hospital, part of Piedmont Healthcare, Inc. (Moody’s: A1) will enter into new 15-year leases at closing on 63% of the total square footage. An additional 8% of the portfolio is leased by Piedmont affiliate OrthoAtlanta, for a total of 71% health system tenancy. The hospital has demonstrated a long-term commitment to the two mission-critical facilities which provide high acuity services including surgery, orthopaedics, oncology, cardiology, and pulmonary/critical care.

The two buildings are currently 97% leased with a weighted average remaining lease term of 11.9 years and will be placed under a new ground lease with a total of 70-years of term at closing. The rent roll boasts a high caliber roster of tenants that features dominant regional physician groups with affiliations and strategic referral patterns linked to the hospital such as Piedmont Cancer Institute and Digestive Healthcare. The Piedmont Fayette Hospital Campus MOBs present a truly rare opportunity for an investor to acquire a critical mass of mission critical medical office real estate within a rapidly growing southern suburb of Atlanta, with exceptional fundamentals and direct connection to a high volume hospital.

1267 WEST
1267 Highway 54 W, Fayetteville, GA 30214
RENTABLE SF: 100,859 RSF
YEAR BUILT: 2006
STORIES: Five (5) plus one basement level
OCCUPANCY: 94%
WALT: 12.6 years
IN-PLACE NOI: $2,142,725

1265 EAST
1265 Highway 54 W, Fayetteville, GA 30214
RENTABLE SF: 91,504 RSF
YEAR BUILT: 1996
STORIES: Five (5)
OCCUPANCY: 100%
WALT: 11.2 years
IN-PLACE NOI: $1,801,591

Investment Highlights

  • CLASS A+ MOBS DIRECTLY CONNECTED TO HOSPITAL
  • ANCHORED BY INVESTMENT GRADE HEALTH SYSTEM TENANT
  • MARKET LEADING HOSPITAL WITH EXCEPTIONAL FINANCIAL STRENGTH
  • RAREE ATLANTA MSA MEDICAL OFFICE INVESTMENT OPPORTUNITY
  • POSITIONED IN A STRONG MEDICAL OFFICE SUBMARKET
  • DIVERSE CLINICAL SPECIALTIES WITH STRATEGIC HOSPITAL AFFILIATIONS
  • STRONG HEALTHCARE DEMOGRAPHIC BASE

Contact:

CAPITAL MARKETS
Lee Asher
+1 404 504 5965
lee.asher@cbre.com

Jordan Selbiger
+1 404 923 1259
jordan.selbiger@cbre.com

Cole Reethof
+1 404 504 7864
cole.reethof@cbre.com

Josiah Gunter
+1 404 504 7936
josiah.gunter@cbre.com

DEBT & STRUCTURED FINANCE

Zack Holderman
+1 858 337 9412
zack.holderman@cbre.com

Jesse Greshin
+1 860 808 4810
jesse.greshin@cbre.com

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