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

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SOLD
$11,200,000

Georgia

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Medical Office26,216 SF
Sold 07/27/2023
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SOLD

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

2976 Chapel Hill Road Douglasville, Georgia 30135, USA

See Similar Deals
Medical Office26,216 SF
Sold 07/27/2023
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Summary

GEORGIA
Asset Type:Medical Office
Price Per Square Foot:$427
Total Square Footage:26,216 SF
Transaction Type:Sale

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

M
1 deal$11.2M volume
BROKER


1 deal$11.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Kevin Markwordt & Steve Hall DATE: 07/27/2023 ADDRESS: 2976 Chapel Hill Road MARKET: Douglasville, GA ASSET TYPE: Medical Office BUYER: LOR-PUC Douglasville LLC SELLER: WDG Real Estate Partners BROKERS: Kevin Markwordt & Steve Hall - Transwestern SALE PRICE: $11,200,000 SF: 26,216 ~ PPSF: $427 NOTE: Transwestern Real Estate Services facilitated the sale of a Class A medical office building at 2976 Chapel Hill Road in Douglasville, GA.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$597,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57