LOR-PUC Douglasville LLC Acquires Medical Office Building In Douglasville, GA For $11.2M
2976 Chapel Hill Road Douglasville, Georgia 30135, USA
$11,200,000
$427/SF
Building Size
26,216 SF
Asset Type
Medical Office
Closing
Jul 27, 2023
AI
A Class A medical office building located at 2976 Chapel Hill Road in Douglasville, GA has been sold for $11,200,000. The property spans 26,216 square feet, resulting in a price per square foot of $427. The transaction was facilitated by Transwestern Real Estate Services, with Kevin Markwordt and Steve Hall of Transwestern acting as the brokers representing both the buyer and the seller.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $11,200,000
- Address: 2976 Chapel Hill Road, Douglasville, GA
- Market: Douglasville, GA
- Buyer: LOR-PUC Douglasville LLC
- Seller: WDG Real Estate Partners
- Brokers: Kevin Markwordt & Steve Hall - Transwestern
- Square Footage: 26,216
- Price per Square Foot: $427
Transwestern Real Estate Services successfully facilitated the sale of a Class A medical office building at 2976 Chapel Hill Road in Douglasville, GA. The transaction involved the buyers, LOR-PUC Douglasville LLC, and the sellers, WDG Real Estate Partners. The brokers, Kevin Markwordt and Steve Hall of Transwestern, played a crucial role in the deal's execution.
Players
Douglasville Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93