Zack Markwell Of Stonemont Financial Group Purchases Medical Office From Northside Hospital For $23M
4298 Atlanta Road Southeast
$23,000,000
$383/SF
Building Size
60,000 SF
Asset Type
Medical Office
Closing
Sep 4, 2025
AI
The property involved in this transaction is a medical office asset located at 4298 Atlanta Road Southeast in Smyrna, GA. The asset comprises 60,000 square feet and has a sale price of $23,000,000, equating to a price per square foot of $383.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $23,000,000
- Square Footage: 60,000
- Address: 4298 Atlanta Road Southeast
- Market: Smyrna, GA
- Buyer: Zack Markwell - Stonemont Financial Group
- Seller: Northside Hospital
Zack Markwell represents Stonemont Financial Group in acquiring the medical office from Northside Hospital, which will continue to operate services and physician practices at the facility, originally built in 2022.
Players
Smyrna 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93