Remedy Medical Properties Acquires Medical Office In Johns Creek For $17.15M From SKRO LLC
4025 Johns Creek Parkway
$17,150,000
$386/SF
Building Size
44,375 SF
Asset Type
Medical Office
Closing
Aug 15, 2024
AI
The property asset involved in this transaction is a fully-leased medical office located at 4025 Johns Creek Parkway in Johns Creek, GA. The sale price for the 44,375-square-foot medical property was $17,150,000, translating to a price per square foot of $386.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $17,150,000
- Address: 4025 Johns Creek Parkway
- Market: Johns Creek, GA
- Square Footage: 44,375
- Price per Square Foot: $386
- Buyer: Remedy Medical Properties
- Seller: SKRO, LLC
- Brokers: Andrew Walker & Michael Lipton - Colliers International
This transaction was conducted by SK Commercial Realty which facilitated the sale between the buyer, Remedy Medical Properties, and the seller, SKRO, LLC. The brokers involved in the deal, Andrew Walker and Michael Lipton, are associated with Colliers International, representing the respective parties in the transaction.
Players
Suwanee 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93