Anchor Health Properties Acquires Forsyth Physicians Center In Cumming, GA For $20.5M

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.