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4025 Johns Creek Parkway

Remedy Medical Properties Acquires Medical Office In Johns Creek For $17.15M From SKRO LLC
SOLDMedical Office

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

Michael Lipton

Colliers

Broker

$37.7M

vol

2 deals

Broker

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