Updated Oct 29, 2024
Anchor Health Properties Acquires Forsyth Physicians Center In Cumming, GA For $20.5M
4150 Deputy Bill Cantrell Memorial Road Cumming, Georgia 30040, USA
$20,500,000
$223/SF
Building Size
91,940 SF
Asset Type
Medical Office
Closing
Jul 19, 2023
About this deal
AI
Anchor Health Properties, in a joint venture with an institutional equity partner, has acquired Forsyth Physicians Center, a 91,940-square-foot Class A medical office building in Cumming, GA. The property is located at 4150 Deputy Bill Cantrell Memorial Road and sits on a total of 13 acres. The acquisition was made from Richmond Honan.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $20,500,000
- Address: 4150 Deputy Bill Cantrell Memorial Road
- Market: Cumming, GA
- Square Footage: 91,940 SF
- Acres: 13
- Buyer: Anchor Health Properties (in joint venture with an institutional equity partner)
- Seller: Richmond Honan
Michael Lipton from Colliers International represented the buyer, Anchor Health Properties, in this transaction. First Citizens Bank provided the loan for the acquisition.
On the Map
$20,500,000
$223/SF
Medical Office
View full map
Players
Cumming Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Lipton to view all their deals.
Browse Georgia medical office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93