Stonemont Financial Group Acquires Medical Office In Alpharetta, GA For $22.6M
3330 Preston Ridge Road, Alpharetta, Georgia 30005, United States
$22,600,000
$262,790/SF
Building Size
86 SF
Asset Type
—
Closing
Jun 1, 2023
About this deal
AI
The sale of a medical office property located at 3330 Preston Ridge Road in Alpharetta, GA has been completed. The property, spanning 86,000 square feet, was sold by Atlanta Oncology Associates to the buyer, Stonemont Financial Group, for a total price of $22,600,000. This equates to a price per square foot of $263.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $22,600,000
- Address: 3330 Preston Ridge Road, Alpharetta, GA
- Market: Alpharetta, GA
- Buyer: Stonemont Financial Group - Matt Stone
- Seller: Atlanta Oncology Associates
- Total Square Footage: 86,000
- Price per Square Foot: $263
Matt Stone represented the buyer, Stonemont Financial Group, in this transaction.
Players
Alpharetta 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93