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2976 Chapel Hill Road Dougl...

LOR-PUC Douglasville LLC Acquires Medical Office Building In Douglasville, GA For $11.2M
SOLDMedical Office

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

Markwordt

Transwestern

Broker

$11.2M

vol

1 deal

Broker
WP
WDG Real Estate PartnersSeller

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