Lincoln Advisors Acquires Medical Office In Atlanta For $71.8M
3280 Howell Mill Road Northwest, Atlanta, Georgia 30327, United States
$71,800,000
$481,879/SF
Building Size
149 SF
Asset Type
—
Closing
Nov 11, 2022
AI
The medical office located at 3280 Howell Mill Road NW in Atlanta, GA has been sold for a total of $71,800,000. The property spans a total of 149,202 square feet, resulting in a price per square foot of $481. The transaction took place on November 11, 2022. The buyer, Lincoln Advisors, acquired the property from the sellers, Harrison Street and HealthAmerica Realty Group.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $71,800,000
- Address: 3280 Howell Mill Road NW, Atlanta, GA
- Market: Atlanta, GA
- Buyer: Lincoln Advisors
- Seller: Harrison Street and HealthAmerica Realty Group
- Brokers: Lee Asher, Zach Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof from CBRE
- Square Footage: 149,202
- Price per Square Foot: $481
The deal was facilitated by the team of brokers from CBRE, including Lee Asher, Zach Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof. They represented both the buyer, Lincoln Advisors, and the sellers, Harrison Street and HealthAmerica Realty Group, in the transaction.
Players
Atlanta CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93